SCHEDULE 13G/A: Meteora Capital and Vik Mittal Disclose 8.99% Stake in Cartesian Growth Corp II

Meteora Capital, LLC and its Managing Member, Vik Mittal, have reported a beneficial ownership of 8.99% in Cartesian Growth Corp II's Class A Ordinary Shares as of March 31, 2025.

Summary

• Meteora Capital, LLC and Vik Mittal, the Managing Member of Meteora Capital, are the reporting persons.
• They collectively beneficially own 1,943,116 Class A Ordinary Shares of Cartesian Growth Corp II.
• This ownership represents 8.99% of the total Class A Ordinary Shares outstanding.
• The shares are held by various funds and managed accounts for which Meteora Capital serves as the investment manager.
• The acquisition of these securities was made in the ordinary course of business and not for the purpose of changing or influencing the control of Cartesian Growth Corp II.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive institutional investment, which is generally a positive signal of confidence in the company, though it provides no operational or financial performance details.

Positives

• The disclosure of a significant institutional stake by Meteora Capital, an investment adviser, can be viewed as a positive signal of confidence in Cartesian Growth Corp II.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business, indicating a passive investment rather than an activist intent to control the issuer.

Future Outlook

This Schedule 13G filing does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic direction, as its purpose is solely to report beneficial ownership.

Management Comments

• Vik Mittal, Managing Member of Meteora Capital, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing indicates a significant institutional investment in Cartesian Growth Corp II, a Special Purpose Acquisition Company (SPAC). Such disclosures are common for investment firms like Meteora Capital that engage in SPAC-related strategies, providing transparency on major shareholder positions and institutional interest in the market.

Comparison to Industry Standards

• Schedule 13G filings are standard regulatory disclosures for investors acquiring more than 5% of a company's shares, particularly for passive investors.
• Meteora Capital's 8.99% stake is a substantial position, aligning with typical institutional investment strategies in public companies.
• No specific comparable companies, projects, or results are mentioned in this filing, as its focus is solely on ownership disclosure rather than operational or financial performance.

Stakeholder Impact

• Shareholders: Increased transparency regarding a significant institutional holder; potential positive signal of institutional interest and confidence in the company.
• Management: Awareness of a large, passive shareholder, which typically implies less immediate pressure for strategic changes compared to an activist investor.

Next Steps

• The reporting persons will be required to file amendments to this Schedule 13G if there are material changes to their beneficial ownership, such as crossing certain ownership thresholds or changing their investment intent.

Key Dates

Keywords

Cartesian Growth Corp II, Meteora Capital, Vik Mittal, Schedule 13G, beneficial ownership, Class A Ordinary Shares, institutional ownership, investment adviser, SEC filing, SPAC