Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

On April 12, 2021, the staff of the Securities and Exchange Commission (the "SEC Staff") issued a public statement entitled "Staff Statement on Accounting and Reporting Considerations for Warrants issued by Special Purpose Acquisition Companies ("SPACs")" (the "SEC Statement"). In the SEC Statement, the SEC Staff expressed its view that certain terms and conditions common to SPAC warrants may require the warrants to be classified as liabilities on the SPAC's balance sheet as opposed to equity.

Since issuance on February 26, 2021, the outstanding warrants of Cartesian Growth Corporation (the "Company") were accounted for as equity within the Company's balance sheet. In light of the SEC Statement and after discussion and evaluation, including with the Company's independent registered public accounting firm, the Company concluded that its warrants should be presented as liabilities with subsequent fair value remeasurement.

On May 24, 2021, the Company's management and the audit committee of the Company's board of directors discussed the matters disclosed in this Current Report on Form 8-K pursuant to this Item 4.02 with the Company's independent registered public accounting firm and concluded that the Company's audited balance sheet as of February 26, 2021, filed as Exhibit 99.1 to the Company's Current Report on Form 8-K filed with the SEC on March 4, 2021, should no longer be relied upon and should be restated because of a misapplication of the accounting guidance related to the Company's outstanding warrants.

The Company intends to reflect the reclassification of its warrants as a liability in its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021, to be filed as soon as practicable.

The Company does not expect any of the above changes will have any impact on its cash position and cash held in the trust account.





Forward-Looking Statements

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company's intent to restate certain historical financial statements, the timing or impact of such restatement and the Company's cash position and cash held in the trust account. These statements are based on current expectations on the date of this Current Report on Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements

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