GLBL - GLBL STOCK NEWS

Alvarium Tiedemann Holdings will commence trading on NASDAQ under ticker ALTI on January 4, 2023, following the successful completion of its business combination with Cartesian Growth Corporation (GLBL). The extraordinary general meeting held on November 17, 2022 approved the merger, finalizing on January 3, 2023. Alvarium Tiedemann is positioned as a global wealth and asset management firm, managing approximately $60 billion in assets. The leadership aims to offer best-in-class financial advisory and alternative investment opportunities.

Cartesian Growth Corporation (ticker: GLBL) will merge with Tiedemann Group and Alvarium Investments, forming Alvarium Tiedemann Holdings, with new NASDAQ ticker ALTI. The merger is expected to close on January 4, 2023. Shareholder action is not required for the ticker change. Alvarium manages $23 billion in assets across multiple regions, while Tiedemann oversees $29 billion. The combined entity aims to leverage the strengths of both firms in wealth and investment advisory services.

Cartesian Growth Corporation announced shareholders approved its business combination with Tiedemann Group and Alvarium Investments at an extraordinary meeting on November 17, 2022. The merger is set to close around January 3, 2023, with the new entity operating as Alvarium Tiedemann Holdings (AlTi) and trading under NASDAQ ticker GLBL starting January 4, 2023. This transaction aims to strengthen Cartesian's position in the financial services industry, leveraging Tiedemann's wealth management and Alvarium's investment solutions.

Cartesian Growth Corporation announced an extraordinary general meeting for shareholders on November 17, 2022, to approve a proposed business combination with Tiedemann Group and Alvarium Investments. The combined entity will operate as Alvarium Tiedemann Holdings and be listed on NASDAQ under the ticker symbol GLBL. The SEC declared the registration statement effective, paving the way for a Special Meeting where shareholders will vote on the transaction. The meeting will be held virtually due to COVID-19 constraints.

Cartesian Growth Corporation (NASDAQ: GLBL) has received necessary pre-closing approvals for its merger with Tiedemann Group and Alvarium Investments, creating Alvarium Tiedemann Holdings (AlTi). The merger, aimed at building a global wealth management platform, is expected to close in the second half of 2022 pending SEC process and shareholder approval. The combined entity will retain the GLBL ticker on NASDAQ and is positioned to capture significant market share in the high-net-worth sector. Strong fundamentals and strategic alignment are emphasized by both CEOs.

Cartesian Growth Corporation (NASDAQ: GLBL) has filed a registration statement with the SEC for a proposed business combination with Tiedemann Group and Alvarium Investments, aiming to form Alvarium Tiedemann Holdings. The filing includes a preliminary proxy statement and is pending SEC approval, shareholder vote, and regulatory clearances. The new entity is expected to maintain the GLBL ticker post-completion. Chairman Peter Yu expressed optimism about the growth potential and market opportunities the merger will bring.

The Tiedemann and Alvarium groups have announced a business combination with Cartesian Growth Corporation (NASDAQ: GLBL) to form Alvarium Tiedemann Holdings. This merger will create a leading global wealth manager expected to manage approximately $54 billion in assets. The transaction is anticipated to close in Q1 2022, with a post-transaction equity value of $1.4 billion. Institutional investors have committed about $165 million in a PIPE investment to support the merger.

Cartesian Growth Corporation announced the closing of its initial public offering of 34,500,000 units, raising $345 million at a price of $10.00 per unit. The offering included 4,500,000 units from the underwriters' over-allotment option. The units are listed on the Nasdaq under the ticker symbol GLBLU. Each unit consists of one Class A ordinary share and one-third of a warrant, exercisable at $11.50 per share. This capital aims to support the Company’s strategy to engage in business combinations with high-growth companies.