Company: RENEF
Filing Date: 2025-10-20
Form Type: DEF 14A
Source: 0001104659-25-100857
Chunk: 33

Company: Cartesian Growth Corp II
Filing Date: 2025-10-20
Form: DEF 14A
Chunk 33
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 we can qualify for an exclusion, we must ensure that we are engaged
primarily in a business other than investing, reinvesting or trading in securities and that our activities do not include investing,
reinvesting, owning, holding or trading “investment securities” constituting more than 40% of our total assets (exclusive
of U.S. government securities and cash items) on an unconsolidated basis. Our business is to identify and complete a Business Combination
and thereafter to operate the post- transaction business or assets for the long term. We do not plan to buy businesses or assets with
a view to resale or profit from their resale. We do not plan to buy unrelated businesses or assets or to be a passive investor.

Previously, the funds in
the Trust Account had, since our IPO, been held only in U.S. government treasury obligations with a maturity of 185 days or less or in
money market funds investing solely in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7 under the
Investment Company Act. To mitigate the risk of us being deemed to be an unregistered investment company (including under the subjective
test of Section 3(a)(1)(A) of the Investment Company Act) and thus subject to regulation under the Investment Company Act, pursuant to
our instruction, Continental, the trustee managing the Trust Account, has liquidated the U.S. government treasury obligations or money
market funds held in the Trust Account into cash (which may include demand deposit accounts) and will hold all funds in the Trust Account
in cash until the earlier of the consummation of our initial Business Combination or liquidation of the Company. As a result of such
liquidation into cash, we will receive interest at prevailing bank rates, which are subject to fluctuation, on the funds held in the
Trust Account going forward. However, any interest previously and currently earned on the funds held in the Trust Account still may be
released to us to pay our taxes, if any. As a result, the decision to liquidate the securities held in the Trust Account and thereafter
to hold all funds in the Trust Account in cash will reduce the dollar amount our public stockholders will receive upon any redemption
or liquidation of the Company. However, regardless of our liquidation of Trust Account funds into cash, we may nonetheless be deemed
to be an investment company. The longer that the funds in the Trust Account are held in short-term U.S. government treasury obligations