Cartesian Growth IV

This filing is the foundational document for Cartesian Growth IV. It provides the complete mechanics for investors: trust at $10.00/share, a 24-month deadline, a 15% cap on share redemption without consent if a vote is held, and warrants ($11.50 strike). Critically, it discloses the poor trajectory of the sponsor's prior vehicles (CGC I had 99.8% redemptions; CGC II, after multiple extensions and high redemptions, saw its target enter administration on January 2026; CGC III has a deal but it's not closed). This history is a significant red flag and may indicate difficulties this SPAC will face in finding a quality deSPAC partner. The sponsor's low cost basis ($0.003/share) creates a clear incentive to close any deal, even a bad one, which is a material risk.

What changed: SEC Form 4 insider ownership report for Cartesian Growth Corp IV, filed to register the equity positions of CGC IV Sponsor LLC and director/Chairman/CEO Peter Yu. Per the filing, neither CGC IV Sponsor LLC nor Peter Yu executed any non-derivative transactions or adjusted their shareholdings during the reporting period, with both parties retaining their disclosed 10% ownership stakes. Why it matters: For investors tracking redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, the Form 4 filing confirms static insider alignment: no sponsor or CEO/director capital inflows or outflows occurred to alter the public float, influence redemption pressures, or signal pre-combination positioning. Because the document is a mandatory regulatory ledger entry, it contains no strategic roadmaps, customer concentration data, revenue forecasts, technology assessments, partnership terms, litigation disclosures, or personnel actions beyond the two named 10% stakeholders. While routine, the filing establishes a verified baseline for sponsor and leadership equity; any future Form 4 submission or amendment would be the authoritative source for detecting material capital movements relevant to extension ballots, deal funding, or shareholder dilution.

What changed: A Form 8-K Current Report confirming the consummation of Cartesian Growth Corporation IV's Initial Public Offering and the simultaneous private placement of warrants. According to the filing, signed by Chief Executive Officer Peter Yu, the Company consummated its IPO on June 26, 2026, selling 27,500,000 Units at $10.00 per Unit to generate $275,000,000 in gross proceeds. The Company placed $275,000,000 ($10.00 per Unit) into a trust account held by Continental Stock Transfer & Trust Company. Simultaneously, the Company closed a private placement of 2,500,000 warrants to CGC IV Sponsor LLC and Cantor Fitzgerald & Co. at $2.00 per warrant, generating $5,000,000. Underwriters partially exercised their over-allotment option for 2,500,000 Units, leaving an unexercised balance of 1,250,000 Units open for 45 days. Transaction costs totaled $18,388,139, which consists of $5,000,000 of cash underwriting fees, $11,500,000 of deferred underwriting fees, $1,432,667 in excess fair value over cost of founder shares transferred to non-managing members, and $455,472 of other offering costs. The audited balance sheet prepared by CBIZ CPAs P.C. shows the Company holding $503,633 in cash and $19,800 in prepaid expenses outside the trust, alongside a $750,000 Sponsor Loan. As of June 26, 2026, the Company had not commenced operations or engaged in substantive discussions with any target for an initial business combination, and it will utilize a 24-month completion window to finalize a deal. Why it matters: This filing formally closes the capital raising phase and triggers the trading lifecycle for CGCF. The $275,000,000 trust balance establishes the definitive per-share redemption floor and scales the required 80% fair market value test for any target acquisition, noting explicitly that the test excludes deferred underwriting commissions, permitted withdrawals, and taxes payable on trust income. It fixes the sponsor's equity position at 7,187,500 founder shares, with up to 312,500 shares forfeitable if the remaining over-allotment lapses. The $11,500,000 deferred underwriting commission creates a hard liability contingent solely on deal completion, directly impacting post-combination capital availability. With only $503,633 in readily available working capital outside the trust and no outstanding operations, the Company's ability to fund due diligence relies on the aforementioned $750,000 Sponsor Loan or potential working capital loans from insiders, establishing tight operational constraints prior to a business combination announcement.

What changed: A joint filing agreement (Exhibit 99.1) attached to a Schedule 13G beneficial ownership report, formally establishing that MMCAP International Inc. SPC and MM Asset Management Inc. will file amendments jointly and bear shared liability for completeness and accuracy. No operational, financial, or structural developments are reported. The excerpt contains zero information regarding Cartesian Growth IV’s target search progress, trust account balance, shareholder redemption exposure, extension vote schedules, or sponsor governance. The only recorded data consists of the filing date (July 2 2026), the designated representative signatures (Ulla Vestergaard listed as Director, Hillel Meltz listed as President), and the acknowledgment that subsequent 13G amendments will be co-filed without additional agreements. Why it matters: This filing does not trigger redemption calendar adjustments, alter the stated liquidation deadline, signal trust utilization, or provide insight into deal negotiation status. As a pure administrative compliance exhibit, it informs positional aggregators that these two affiliates are consolidating their CGCF equity exposure under one reporting umbrella. The absence of substantive operational disclosures means investors should treat this week’s filings as neutral on execution risk, though the full Schedule 13G body (not provided in this text) would reveal whether aggregate crosses of statutory reporting thresholds occurred during the reporting period.

What changed: 8-K Current Report reporting the closing of Cartesian Growth Corporation IV's initial public offering, including the underwriting agreement, trust agreement, warrant agreement, private placement warrant purchase agreements, letter agreements with insiders, and other standard SPAC IPO documentation. The Company completed its initial public offering of 27,500,000 units at $10.00 per unit, raising $275,000,000 in gross proceeds (including partial over-allotment exercise). The net proceeds were deposited into a trust account. Simultaneously, the Sponsor purchased 937,500 private placement warrants at $2.00 per warrant ($1.875M) and the Representative purchased 1,562,500 private placement warrants at $3.125M. The Company also filed its amended and restated memorandum and articles of association, appointed directors, and entered into various standard agreements. No business combination has been announced; the Company remains in searching mode. Why it matters: This filing establishes the trust value at $10.00 per unit, the deadline for a business combination (24 months from closing, i.e., June 26, 2028), the sponsor's ownership structure, lock-up provisions, and the framework for future redemptions and business combination process. Investors can now track trust value, monitor extensions, and assess sponsor conduct via the letter agreements. The filing is the foundational document for the SPAC's lifecycle.

What changed: Initial public offering prospectus (424B4) for Cartesian Growth Corporation IV, a blank check company seeking a business combination. This is the initial prospectus for the SPAC IPO. There are no prior filings to compare. The document establishes the terms: 25M units at $10.00, $250M trust, 24-month deadline from closing (June 2028), redemption at $10 per share, warrants exercisable at $11.50, sponsor purchased 937,500 private warrants and Cantor 1,562,500, sponsor loan of $750,000, two non-managing sponsor investors, founder shares subject to forfeiture. Management team has prior SPAC experience with CGC I (deSPAC with AlTi Global, trading at $3.09), CGC II (still searching, LOI with PLXSUR which went into administration), CGC III (deSPAC with Factorial Energy, trading at $12.85). No target selected. Why it matters: The prospectus establishes all key terms for a new SPAC with a $10 trust, 24-month deadline, and standard redemption mechanics. Investors should note the prior SPAC performance of management: CGC I's post-combination stock is at $3.09 (significant decline from $10), CGC II's target went into administration, CGC III's stock at $12.85. The sponsor has incentive to complete a deal due to low basis founder shares. The deadline is June 2028, so a long runway. The document provides baseline for future comparisons.

What changed: A Form 3 initial statement of beneficial ownership of securities filed for Cartesian Growth Corp IV. CGC IV Sponsor LLC (self-identified as a 10% owner) and Yu Peter (self-identified as a director, Chairman and CEO, and 10% owner) reported zero non-derivative transactions or holding adjustments. Accordingly, the SEARCHING operational status, the documented $10 trust per share, the 2028-06-25 liquidation deadline, extension mechanics, target acquisition progress, and sponsor trading conduct remain static relative to prior disclosures. Why it matters: This routine compliance submission confirms unaltered sponsor and executive equity positions during an active search window, delivering no redemption triggers, trust valuation shifts, merger timelines, or governance adjustments. The filing explicitly contains no assertions regarding customer concentration, revenue metrics, market sizing, strategic positioning, technology development, partnership agreements, litigation posture, or additional leadership appointments. For investors monitoring redemption calendars, trust preservation, extension votes, or deal execution velocity, the document establishes a verified baseline of ownership stability without introducing material schedule modifications or behavioral departures.

What changed: A routine compliance exhibit — SEC Form 3, an insider ownership report filed by director Lu Yongchen for Cartesian Growth Corp IV. The filing explicitly states 'No non-derivative transactions or holdings reported.' Consequently, there is no alteration to insider share counts, no changes to public float dynamics, and no adjustments to default liquidation procedures, extension triggers, or trust preservation mechanisms. Why it matters: Investors tracking redemption deadlines, trust value, extensions, deal progress, and sponsor conduct rely on these submissions to gauge whether directors are accumulating or reducing exposure ahead of a business combination. This entry confirms Director Lu Yongchen executed no equity purchases or sales during the covered period, indicating stable internal positioning that leaves the SPAC’s search-phase timeline and contractual maturity windows untouched. The document contains no claims regarding customer pipelines, revenue projections, market size, technology roadmaps, partnerships, or litigation; those operational and strategic details remain absent until filed in subsequent proxy or prospectus materials.

What changed: A routine compliance exhibit: SEC Form 3, an initial insider ownership report. As stated directly in the Form 3 filing, reporting person Trinh Nam (identified by the issuer as director and Chief Financial Officer of Cartesian Growth Corp IV) declares 'No non-derivative transactions or holdings reported.' Per the filing's explicit language, this submission leaves the SPAC’s reported $10 trust share, the 2028-06-25 deadline, and the SEARCHING status entirely unchanged. Why it matters: Form 3 documents are purely declarative compliance exhibits designed to log initial equity positions; they contain no operational provisions, board resolutions, or financing terms. Because the filing makes only procedural assertions about director/CFO holdings and confirms an absence of recorded transactions, it provides no signal regarding target identification, merger agreement execution, extension voting, trust accounting, or sponsor alignment. Investors tracking redemption windows, deal progress, or capital deployment mechanics will find the document mechanically inert and substantively limited to confirming that the named officer did not disclose direct stock holdings on this report.

What changed: Form 3 – Insider Ownership Report (initial statement of beneficial ownership) for Cartesian Growth Corp IV director Ojea Quintana Eduardo Agustin, filed June 24, 2026. The filing, submitted by the named director, explicitly states 'No non-derivative transactions or holdings reported.' It does not reference the SPAC’s trust value, the June 25, 2028 deadline, extension provisions, target combination status, or sponsor trading conduct. Why it matters: Because the Form 3 discloses zero insider stock movement, the filing provides no signal regarding redemption thresholds, trust preservation, or sponsorship commitment ahead of the reporting date. It contains no statements from management or board members regarding customer traction, revenue projections, market size, strategic direction, technology roadmaps, partnership developments, litigation exposure, or personnel changes. As a routine compliance acknowledgment, it does not alter the SEARCHING classification nor inform capital allocation timing.