No recent public news coverage impacting the business model or operations was identified.

The company’s focus on high-growth, transnational businesses leverages the management team’s experience and network, potentially enabling value creation through a successful business combination. The substantial funds held in trust provide capital to pursue acquisition opportunities. The multiple deadline extensions and sponsor support demonstrate flexibility in pursuing a suitable target and completing a transaction.

The company has not completed a business combination within the original timeframe, resulting in delisting from Nasdaq and trading on OTC markets, which may limit liquidity and investor interest. The company faces substantial doubt about its ability to continue as a going concern due to liquidity constraints and the approaching August 2026 deadline. Operating losses and working capital deficits highlight ongoing financial challenges. Failure to complete a business combination could lead to liquidation and loss of shareholder value.

As a blank check company, Cartesian Growth Corp II does not currently have operating assets or competitive advantages typical of operating businesses. Its value proposition depends on the management team's ability to identify and complete a value-creating business combination. The company’s moat is therefore contingent on management expertise, sponsor support, and access to capital rather than proprietary products, services, or market position.

• Liquidity and Going Concern Risk: The company has a working capital deficit and limited cash outside the trust account, raising substantial doubt about its ability to continue as a going concern without completing a business combination by August 5, 2026.
• Business Combination Completion Risk: Failure to complete an initial business combination by the extended deadline may result in liquidation or loss of shareholder value. The company has extended this deadline multiple times but has no approved plan to extend beyond August 2026.
• Market and Trading Risk: Delisting from Nasdaq and trading on OTC Pink may reduce liquidity and market visibility, potentially impacting shareholder interest and valuation.
• Operational Risk: The company has no operating revenues and limited operational infrastructure, relying on sponsor support and loans to fund due diligence and administrative expenses.
• Sponsor and Management Risk: The company depends on its sponsor and management team for funding, operational support, and execution of the business combination. Conflicts of interest or failure to identify suitable targets could adversely affect outcomes.

• Cartesian Growth Corp II is a blank check company incorporated in the Cayman Islands on October 13, 2021, formed to effect a business combination such as a merger, share exchange, asset acquisition, or reorganization.
• The company focuses on seeking high-growth businesses with transnational operations or outlooks to leverage management's experience and network.
• It intends to use cash from IPO proceeds, private placement warrants, sponsor loans, share capital, or debt to complete its initial business combination.
• As of December 31, 2025, the company had not completed a business combination and had not generated operating revenues.
• The company’s securities were delisted from Nasdaq on May 13, 2025, and have since traded on the OTC Pink market under ticker RENEF.
• As of March 31, 2026, there were very few holders of record for the company’s units, Class A and B ordinary shares, and warrants, indicating a small public shareholder base.
• The company has incurred net losses, including a net loss of $1,512,540 for the year ended December 31, 2025, primarily due to operating costs and changes in fair value of financial instruments.
• The company held $37,914,438 in cash and marketable securities in its trust account as of December 31, 2025, intended for use in completing a business combination or redeeming public shares if no combination occurs.
• Liquidity ratios as of December 31, 2025, show a current ratio of 0.06, indicating current liabilities significantly exceed current assets outside the trust account.
• The company’s operating costs relate mainly to being a public company and due diligence expenses in pursuit of a business combination.
• The company pays its sponsor $10,000 per month for office space, utilities, secretarial support, and administrative services, with offices located in New York City.
• The company has issued unsecured promissory notes to its sponsor to fund operations and extension payments for the business combination deadline.
• The company has extended the deadline to complete its initial business combination multiple times, with the current deadline extended to August 5, 2026.
• There is substantial doubt about the company’s ability to continue as a going concern due to liquidity constraints and the approaching deadline for completing a business combination.
• The company’s management team includes individuals with experience in investments, digital infrastructure, telecommunications, and financial services.
• The company has no material litigation or cybersecurity incidents reported since its IPO.
• The company has not paid dividends and does not intend to do so prior to completing a business combination.
• The company’s financial statements are prepared under US GAAP and audited by a PCAOB-registered firm.
• The company’s net income or loss is the primary metric reviewed by its Chief Executive Officer, who is the chief operating decision maker.
• The company’s shares include redeemable Class A ordinary shares subject to possible redemption and non-redeemable Class A and Class B ordinary shares.
• The company’s deferred underwriting fees of $11,500,000 are held in the trust account and will be released only upon consummation of a business combination.
• The company’s warrants and convertible promissory notes are measured at fair value, with changes impacting net income.
• The company’s working capital deficit was $5,369,032 as of December 31, 2025, excluding trust account funds.
• The company’s trust account funds are held in an interest-bearing demand deposit account, previously invested in U.S. Treasury securities.
• The company’s sponsor and affiliates may provide loans to finance transaction costs related to the business combination, some convertible into warrants.
• The company’s financial disclosures emphasize that figures are for informational purposes only and not financial advice.