Cartesian Growth Corp. (GLBL) Prices 30M Unit Upsized IPO at $10/Unit

February 24, 2021 5:50 AM EST

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Cartesian Growth Corporation (NASDAQ: GLBL) announced today the pricing of its initial public offering of 30,000,000 units, upsized from 25,000,000 units, at a price of $10.00 per unit. The units are expected to commence trading on February 24, 2021 on the Nasdaq Capital Market under the symbol “GLBLU”. The Company’s sponsor is an affiliate of Cartesian Capital Group, LLC, a global private equity firm specializing in providing growth capital to transnational businesses.

Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Capital Market under the symbols “GLBL” and “GLBLW”, respectively.

Cantor Fitzgerald & Co. is serving as the sole book-running manager of the offering. The underwriters have been granted a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.

The offering is expected to close on or about February 26, 2021, subject to customary closing conditions.

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