Alti Global, Inc. current report, 28 December 2022

Filing Summary

Registrant and period: The December 28, 2022 Form 8-K was filed by Cartesian Growth Corporation, a Cayman Islands special purpose acquisition company. The request identifies Alti Global, Inc., but the filing itself names Cartesian Growth Corporation as the registrant.

Business Context and Reporting Period

Cartesian reported that, following the closing of its previously announced business combination with Tiedemann Wealth Management Holdings, TIG entities, Alvarium Investments Limited, and related parties, the combined company’s common stock and warrants were expected to list on Nasdaq under the ticker symbols ALTI and ALTIW, respectively.

The filing was made under Item 8.01, “Other Events,” and included a press release as Exhibit 99.1. It does not provide operating results for a fiscal period.

Financial Metrics and Liquidity

  • Revenue, net income, operating margins, cash flow, debt, cash balances, and liquidity metrics: the filing text does not provide clear values.
  • No financial statements or quantitative operating guidance are included in the filing text.

Material Changes Versus Prior Comparable Period

The principal disclosed development was the expected post-business-combination change in trading symbols to ALTI for the combined company’s common stock and ALTIW for its warrants. The filing does not quantify changes in financial performance or balance-sheet condition.

Guidance, Outlook, Risks, and Unusual Items

The expected Nasdaq listing and completion of the business combination are forward-looking matters and remained subject to applicable closing conditions. Identified risks included failure to complete the transaction on time or at all, failure to obtain required approvals or maintain Nasdaq listing, transaction costs, disruption to operations, inability to realize anticipated benefits, execution and growth risks, litigation, regulatory changes, and adverse economic or financial-market conditions.

The filing states that forward-looking statements are subject to substantial uncertainty and that neither Cartesian nor the companies undertook to update them. The filing also included standard disclosures that it was not an offer to sell securities or a solicitation of votes or proxies.

Investor Verification Checklist

  • Verify whether and when the business combination actually closed and whether the ALTI and ALTIW listings commenced as expected.
  • Review the related transaction documents, shareholder approvals, closing conditions, and final ownership structure.
  • Obtain the combined company’s subsequent filings for revenue, profitability, cash flow, debt, liquidity, and operating outlook.
  • Review the cited risk factors and any subsequent disclosures regarding litigation, regulatory changes, transaction costs, or integration risks.
  • Confirm the applicable registrant name, because this filing identifies Cartesian Growth Corporation rather than Alti Global, Inc.