Cartesian Growth Corporation IV Raises $275 Million in $10 Unit IPO with Over-Allotment
Cartesian Growth Corporation IV closed its IPO selling 27.5 million units at $10 each, including a 2.5 million-unit overallotment, generating $275 million in gross proceeds. Each unit comprises one Class A share and one-third of a warrant exercisable at $11.50 per share upon separate listing of shares and warrants.
1. IPO Closing Details
On June 26, Cartesian Growth Corporation IV closed its initial public offering, selling 27.5 million units at $10 each, including a 2.5 million-unit overallotment option. The offering generated $275 million in gross proceeds, providing capital for its search for an initial business combination.
2. Unit Composition and Terms
Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, with each full warrant exercisable to purchase one Class A share at $11.50. No fractional warrants will be issued upon separation, ensuring only whole warrants will trade.
3. Nasdaq Listing and Trading Plans
The units trade on Nasdaq under the symbol CGCFU, with Class A shares expected to list under CGCF and warrants under CGCFW once separated. Cantor Fitzgerald & Co. served as sole book-running manager for the IPO.
