Cartesian Growth Corporation II reported its financial results for the quarter ending June 30, 2026, revealing a net loss of $699,615, compared to a loss of $152,231 for the same period in 2025. The company’s revenue primarily stems from interest earned on its trust account, which amounted to $235,555 in the latest quarter, a significant decrease from $689,016 in the prior year. For the six months ending June 30, 2026, the company recorded a net income of $2,395,143, a notable increase from $407,633 in the same period of 2025, largely due to a favorable change in the fair value of warrant liabilities.
The company’s total assets as of June 30, 2026, were $38,616,794, up from $38,277,749 at the end of 2025. This increase was primarily driven by the growth in interest-bearing demand deposits held in the trust account, which rose to $38,380,594 from $37,914,438. However, total liabilities decreased to $24,650,041 from $26,706,139, reflecting a reduction in warrant liabilities from $4,473,000 to $1,822,333. The company’s accumulated deficit improved to $(24,414,416) from $(26,343,403) over the same period.
Strategically, Cartesian Growth Corporation II has been focused on extending its business combination deadline. The company successfully executed a Fourth Extension Charter Amendment on July 30, 2026, which extended the deadline for completing a business combination to August 5, 2027. This extension was approved by shareholders, with 2,601,058 Class A ordinary shares redeemed for approximately $32.5 million, leaving $5,940,297 in the trust account. The company has not yet identified a target for its business combination but continues to evaluate potential opportunities.
Operationally, Cartesian Growth Corporation II has maintained a consistent headcount of 5,750,000 Class A ordinary shares issued and outstanding, with 3,076,094 shares subject to possible redemption. The company has not commenced any operations and does not expect to generate operating revenues until after completing its initial business combination. The management team remains focused on identifying high-growth businesses to drive value creation post-acquisition.
Looking ahead, Cartesian Growth Corporation II faces challenges related to market conditions and the ongoing geopolitical landscape, which could impact its ability to complete a business combination. The company has expressed concerns regarding its liquidity and going concern status, with a working capital deficit of $5,888,898 as of June 30, 2026. The management team is actively seeking to address these challenges while preparing for potential business combinations in the future.
About Cartesian Growth Corp II
Cartesian Growth Corporation II is a blank check company focused on identifying and merging with high-growth, transnational businesses across various sectors. It seeks established companies with proven or potential international operations, aiming to create value through strategic acquisitions and operational enhancements. The company leverages extensive private equity experience and a global network to facilitate value-driven business combinations.
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