SCHEDULE: MMCAP & MM Asset Management Disclose 6.2% Stake in Cartesian Growth II

MMCAP International Inc. SPC and MM Asset Management Inc. have jointly reported a 6.2% beneficial ownership stake in Cartesian Growth Corporation II's Class A Ordinary Shares.

Summary

• MMCAP International Inc. SPC and MM Asset Management Inc. jointly reported beneficial ownership of 800,000 Class A Ordinary Shares of Cartesian Growth Corporation II.
• This ownership represents a 6.2% stake in the company, calculated based on 12,999,710 outstanding shares as of August 6, 2025.
• The reporting persons, MMCAP International Inc. SPC (Cayman Islands) and MM Asset Management Inc. (Ontario, Canada), share both voting and dispositive power over all 800,000 shares.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of Cartesian Growth Corporation II.

Sentiment

Score: 5

Explanation: The filing is a standard beneficial ownership disclosure, providing factual information without inherent positive or negative sentiment for the issuer's operational or financial performance.

Positives

• The disclosure of a 6.2% stake by institutional investors MMCAP International Inc. SPC and MM Asset Management Inc. may signal institutional interest in Cartesian Growth Corporation II.

Negatives

• No negative information regarding Cartesian Growth Corporation II is presented in this beneficial ownership filing.

Risks

• The filing explicitly states that the shares were not acquired or held for the purpose of changing or influencing the control of the issuer, mitigating immediate control-related risks from these specific reporting persons.

Future Outlook

This filing is a beneficial ownership disclosure and does not contain forward-looking statements or guidance from the issuer.

Management Comments

• MMCAP International Inc. SPC and MM Asset Management Inc. certified that, to the best of their knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This Schedule 13G filing indicates a significant passive institutional investment in Cartesian Growth Corporation II, a Special Purpose Acquisition Company (SPAC). Such disclosures are routine for institutional investors crossing the 5% ownership threshold in publicly traded companies, including SPACs.

Stakeholder Impact

• Shareholders of Cartesian Growth Corporation II will note the significant institutional ownership by MMCAP International Inc. SPC and MM Asset Management Inc., which may be viewed as a sign of investor confidence.

Key Dates

Keywords

SPAC, beneficial ownership, Schedule 13G, institutional ownership, Cartesian Growth Corporation II, MMCAP International Inc. SPC, MM Asset Management Inc., Class A Ordinary Shares