Cartesian Growth Corporation II Changes Auditors

Summary

Cartesian Growth Corporation II has changed its auditor from Marcum LLP to CBIZ CPAs P.C. This change took effect due to CBIZ’s acquisition of Marcum on November 1, 2024. The transition was approved by the audit committee and implemented on May 13, 2025. There were no disagreements or reportable events between the company and Marcum during the fiscal years 2023 and 2024, although Marcum expressed concerns about the company’s ability to continue as a going concern. Reuters

Impact Analysis

The change in auditors for Cartesian Growth Corporation II is a company-level event, reflecting a strategic adjustment following the acquisition of Marcum LLP by CBIZ. Such changes can have varying effects on a company’s financial reporting and investor relations, primarily if the previous auditor raised concerns about the company’s going concern status. The first-order effect is a potential reassessment of Cartesian Growth’s financial statements by CBIZ, which may reassure or further alarm investors depending on the outcomes of their audits. The second-order effects could include shifts in investor confidence, especially if new or fewer concerns are identified by CBIZ. This event also highlights a trend within the industry, as evidenced by similar auditor changes at IMAC Holdings Inc. and KULR Technology Group due to the same acquisition. For investors, this situation emphasizes the need to closely monitor subsequent financial reports and disclosures by Cartesian Growth Corporation II for any changes in their financial health assessment. Reuters+ 3