# Cartesian Growth Corp II (RENE)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Price:** $12.71 (+4.18%)

> Cartesian Growth Corp II is a special purpose acquisition company (SPAC). Its primary function is to identify and merge with one or more businesses, thereby allowing the targeted company or companies to transition into publicly traded entities. SPACs like Cartesian Growth Corp II provide a streamlined, alternative route for companies seeking to go public without engaging in a traditional initial public offering (IPO). This particular SPAC is part of the extended ecosystem of financial instruments that aim to facilitate corporate growth and capital acquisition. Cartesian Growth Corp II operates by raising capital through an initial public offering of its own shares, holding the funds in trust, and then searching for suitable merger candidates. It impacts a variety of sectors, notably those with high growth potential or requiring innovative funding solutions. The role of such SPACs has been increasingly prominent in financial markets, enabling broader access to public funding and diversifying opportunities for investors and private enterprises to collaborate.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2024 | — | — | -$1M | $8M | — |
| 2023 | — | — | -$2M | $11M | $0.41 |
| 2022 | — | — | -$685,056 | $5M | $0.24 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2024 | $85M | $21M | $64M | $236,700 | $4M |
| 2023 | $175M | $19M | $156M | $50,932 | $4M |
| 2022 | $241M | $19M | $222M | $543,667 | $3M |
| 2021 | $463,629 | $442,356 | $21,273 | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2024 | -$118,461 | — | -$814,232 |
| 2023 | -$368,060 | — | -$922,735 |
| 2022 | $825,532 | — | -$842,878 |

Source: [CompaniesByCap](https://companiesbycap.com/company/RENE)