Business Context and Reporting Period
This Form 8-K was filed by Cartesian Growth Corporation, a Cayman Islands special purpose acquisition company, on April 16, 2021, reporting an event dated April 16, 2021. The request metadata identifies Alti Global, Inc., but the filing’s registrant is Cartesian Growth Corporation.
Material Event
Beginning April 16, 2021, holders of Cartesian Growth Corporation’s units could elect to separately trade the Class A ordinary shares and warrants included in those units.
- Units that remain bundled continue trading on Nasdaq under GLBLU.
- Separated Class A ordinary shares trade under GLBL.
- Separated warrants trade under GLBLW.
- Each unit consists of one Class A ordinary share and one-third of one warrant.
- Each whole warrant is exercisable for one Class A ordinary share at an exercise price of $11.50.
- Unit holders must have their broker contact Continental Stock Transfer & Trust Company, the transfer agent, to separate the units.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating financial metrics. It is limited to a securities-trading update.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance or operating outlook. The principal practical consideration is the need for broker and transfer-agent processing to separate units into their component securities. No contingencies or unusual financial items are disclosed.
Key Facts for Investor Verification
- Confirm the correct registrant: Cartesian Growth Corporation, rather than Alti Global, Inc.
- Verify the trading symbols and the effective date for separate trading.
- Confirm the unit composition and the $11.50 warrant exercise price.
- Check with the investor’s broker regarding procedures, timing, and any fees for separating units.
- Review the cited April 13, 2021 press release filed as Exhibit 99.1 for additional details.