SCHEDULE 13G 0001301396 XXXXXXXX LIVE Class A Ordinary Shares 11/03/2025 0001889112 Cartesian Growth Corp II G19305112 505 FIFTH AVENUE, 15TH FLOOR NEW YORK NY 10017 Rule 13d-1(b) Rule 13d-1(c) Context Capital Management, LLC DE 0.00 450000.00 0.00 450000.00 450000.00 5.1 IA Michael S. Rosen X1 0.00 450000.00 0.00 450000.00 450000.00 5.1 HC IN William D. Fertig X1 0.00 450000.00 0.00 450000.00 450000.00 5.1 HC IN Charles E. Carnegie X1 0.00 450000.00 0.00 450000.00 450000.00 5.1 HC IN Context Partners Master Fund, L.P. E9 0.00 450000.00 0.00 450000.00 450000.00 5.1 PN Cartesian Growth Corp II 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK, NEW YORK, 10017. Context Capital Management, LLC ("LLC") Michael S. Rosen ("Rosen") William D. Fertig ("Fertig") Charles E. Carnegie ("Carnegie") Context Partners Master Fund, L.P. ("LP") LLC is the general partner and investment adviser of LP. Rosen, Fertig and Carnegie are the control persons of LLC. The reporting persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each reporting person also disclaims beneficial ownership of the securities reported in this Schedule 13G, except to the extent of that person?s pecuniary interest therein. In addition, the filing of this Schedule 13G on behalf of LP should not be construed as an admission that it is, and it disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Act, of any of the securities covered by this Schedule 13G. Context Capital Management, LLC 7724 Girard Avenue Suite 300 La Jolla, CA 92037 See cover page for each reporting person. N IA HC See items 5-9 and 11 of the cover page for each reporting person. See items 5-9 and 11 of the cover page for each reporting person. The shares of Class A Ordinary Shares beneficially owned by the persons reported in Schedule 13G consists of 450,000 shares of Class A Ordinary Shares. The percentages reported in the Schedule 13G are based on 8,826,092 shares of Class A Ordinary Shares outstanding as of November 3, 2025, as reported in the Form 8-K filed by the Issuer on November 4, 2025, following the holders of 4,173,618 shares of Class A Ordinary Shares of the Issuer exercising their right to redeem their shares for cash. See items 5-9 and 11 of the cover page for each reporting person. See items 5-9 and 11 of the cover page for each reporting person. See items 5-9 and 11 of the cover page for each reporting person. See items 5-9 and 11 of the cover page for each reporting person. Y N N The LP holds the Class A Ordinary Shares for the benefit of its investors and has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Class A Ordinary Shares. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. In text box add: Exhibit 1 - Joint Filing Statement Context Capital Management, LLC Michael S. Rosen 11/05/2025 Michael S. Rosen Michael S. Rosen 11/05/2025 William D. Fertig William D. Fertig 11/05/2025 Charles E. Carnegie Charles E. Carnegie 11/05/2025 Context Partners Master Fund, L.P. Michael S. Rosen 11/05/2025