Cartesian Growth Corporation II

RENEF: 425 · acquisition merger

InoBat and Cartesian Growth Corporation II (OTCPK: RENEF) announced the public filing of the F-4 registration statement on September 24, 2026 for their business combination signed July 24, 2026. The deal values InoBat at $1.265 billion pre-money and includes $77.5 million of committed PIPE financing with no minimum-cash condition. InoBat is a Slovakia-based battery energy storage systems manufacturer targeting utilities, grid operators, and AI data centers and hyperscalers, with strategic shareholders including Gotion High-Tech (Volkswagen-backed), Rio Tinto, and Amara Raja. Its Voderady BESS facility targets 5 GWh of annual capacity, and its Gotion gigafactory JV in Surany targets 20 GWh of LFP cell capacity with production starting in 2027. Upon closing, TopCo will be renamed InoBat N.V. and is expected to list on Nasdaq under ticker INBT. Closing remains subject to SEC declaration of effectiveness of the registration statement and shareholder approval, with redemption risk at the SPAC still a factor for the resulting cash proceeds.

SEC 425•1mo ago

RENEF: 8-K · acquisition merger

Cartesian Growth Corporation II, a Cayman Islands SPAC, filed an 8-K furnishing an investor presentation for its proposed business combination with InoBat AS, a Norway-based battery and energy storage company. The deck will be used in presentations and meetings with shareholders, potential investors, and analysts ahead of the deal vote. InoBat's pitch centers on battery energy storage: 875 MWh of BESS capacity delivered or signed, a 2,000 square meter production facility in Voderady, Slovakia that can scale to 5 GWh, a joint venture with Gotion, and sodium-ion technology positioned as a China-free alternative targeting grid storage and the $31 billion global lead-acid replacement market. The combination remains contingent: CGC intends to file a Form F-4 registration statement, and the deal needs CGC shareholder approval and successful completion of PIPE financing. The filing's own risk language describes InoBat as an early-stage company with a history of financial losses and continuing losses expected.

SEC 8-K•2mo ago