Monitor for target business combination announcement; the SPAC has 24 months to complete a deal. Track the management team's prior SPAC track record for execution risk.
Executive Summary
Cartesian Growth Corporation IV (CGCF) priced its SPAC IPO of 25,000,000 units at $10.00 per unit, raising $250,000,000 in gross proceeds. Each unit consists of one Class A ordinary share and one-third of a warrant. Proceeds will be held in trust to fund a future business combination within 24 months. This is a standard SPAC IPO with no operating history or selected target.
Key Financial Metrics
Key Facts
- 25,000,000 units offered at $10.00/unit, raising $250,000,000
- Each unit includes one Class A ordinary share and 1/3 warrant (exercise price $11.50)
- Cantor Fitzgerald & Co. is sole book-running manager
- Proceeds placed in trust account for business combination
- Founder shares purchased at $0.003/share create significant dilution for public shareholders
- No target selected; 24-month completion window from closing
Financial Impact
IPO raises $250M in trust for future acquisition; no operating revenue yet
Risk Factors
- No identified target business; may liquidate if no deal within 24 months
- Significant dilution from founder shares and potential anti-dilution adjustments
- Competition from other SPACs for attractive targets
- Warrant dilution risk
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001185185-26-002653 |
| Document: 0001185185-26-002653-index-headers.html | 0001185185-26-002653 |
| Document: 0001185185-26-002653-index.html | 0001185185-26-002653 |
| Document: 0001185185-26-002653.txt | 0001185185-26-002653 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 30, 2026 17w ago | 8-K | — | awaiting T+20 | — | — |
Jun 25, 2026 17w ago | 424B4 | — | awaiting T+20 | — | — |
Jun 25, 2026 17w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 24, 2026 17w ago | 3 | — | awaiting T+20 | — | — |
Jun 24, 2026 17w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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