Cartesian Growth Corporation IV

What they do

Cartesian Growth Corp IV is a Cayman Islands blank check company formed on February 20, 2026, to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, or reorganization with one or more businesses. As of the latest 10-Q, it had not engaged in any operations or generated revenues, with activities limited to organizational tasks, IPO preparation, and identifying a target company. The company intends to fund its business combination using proceeds from its IPO, private placement warrants, shares, debt, or a combination thereof.

Revenue drivers

• Interest income on Trust Account investments — Non-operating income from marketable securities held in the Trust Account; for the three months ended June 30, 2026, interest income was $54,127.
• IPO proceeds — Gross proceeds of $275,000,000 from the issuance of 27,500,000 units at $10.00 per unit, placed in Trust Account.
• Private Placement Warrants — Sale of 2,500,000 private placement warrants at $2.00 each to Sponsor and underwriter representative, generating $5,000,000 gross proceeds.

Recent performance

For the three months ended June 30, 2026, the company reported a net loss of $23,822, consisting of a loss from operations of $77,949 partially offset by interest income of $54,127. For the period from inception (February 20, 2026) through June 30, 2026, net loss was $40,752, with a loss from operations of $94,879 and interest income of $54,127. Cash used in operating activities during the inception-to-June 30 period was $104,495. As of June 30, 2026, total assets were $275.4 million, primarily held in the Trust Account of $275,054,127, and total liabilities were $12.4 million. Shareholder equity was negative at -$12.1 million.

Strategy

The company intends to effectuate a business combination using the cash from the IPO and private placement warrants, along with potential shares, debt, or a combination. Management is focused on identifying a target company and allocating resources to due diligence and business combination negotiations. The company expects to incur significant costs in pursuing acquisition plans but cannot assure success. No specific target or industry has been announced as of the latest filing.

Risks

• No operating history — The company has not engaged in operations or generated revenues since inception, relying solely on interest income from Trust Account securities.
• Business combination uncertainty — There is no assurance that the company will successfully consummate a business combination, and its plans may fail.
• Negative shareholder equity — As of June 30, 2026, shareholder equity was -$12.1 million, indicating a deficit that could impact financial stability.
• Significant costs — The company expects to incur significant costs in pursuit of acquisition plans, which could deplete capital before a deal is completed.

Outlook

Management expects to continue incurring costs related to being a public company, including legal, financial reporting, accounting, and auditing compliance, as well as due diligence expenses. The company will not generate operating revenues until after a business combination is completed. The primary near-term objective is to identify and execute a business combination using the Trust Account funds.