# Cartesian Growth Corp II (REEWF) — capital_raise/private_placement [pending]
Source: SEC API (secapi.ai) · situation sit_99b5b6a737b4fe540ed7 · retrieved 2026-08-11T16:11:57.515Z

## Overview
InoBat AS develops and manufactures lithium-ion and sodium-ion battery cells and integrated battery energy storage systems for the energy storage and mobility sectors, including Project Kamzik, a gigafactory joint venture in Slovakia.

Cartesian Growth Corporation II (CGC), a Cayman Islands blank-check company, and InoBat AS, a Norwegian battery technology company, entered into a Business Combination Agreement on July 24, 2026, valuing InoBat at $1,265,000,000 in aggregate consideration. The transaction consists of $575,000,000 in upfront consideration and $690,000,000 in potential earn-out consideration based on three milestones: (1) $115,000,000 upon start of commissioning of Project Kamzik in Slovakia before December 31, 2027; (2) $287,500,000 if ListCo's EBITDA exceeds €47,000,000 in fiscal 2026 or 2027; and (3) $287,500,000 if ListCo's EBITDA exceeds €87,000,000 in fiscal 2027 or 2028. The closing is expected in the fourth quarter of 2026, subject to CGC shareholder approval and customary closing conditions.

## Terms
- Counterparty: InoBat AS · Deal value: $1.26B · Consideration: mixed

## Key dates
- Announced 2026-07-27 · Expected close 2026-12-31

## Timeline
- 2026-07-27 · 8-K (0001104659-26-086861): 8-K - Cartesian Growth Corp II — *InoBat AS develops and manufactures lithium-ion and sodium-ion battery cells and integrated battery energy storage systems for the energy storage and mobility sectors, including Project Kamzik, a gigafactory joint venture in Slovakia.* Cartesian Growth Corporation II (CGC), a Cayman Islands blank-check company, and InoBat AS, a Norwegian battery technology company, entered into a Business Combination Agreement on July 24, 2026, valuing InoBat at $1,265,000,000 in aggregate consideration. The transaction consists of $575,000,000 in upfront consideration and $690,000,000 in potential earn-out consideration based on three milestones: (1) $115,000,000 upon start of commissioning of Project Kamzik in Slovakia before December 31, 2027; (2) $287,500,000 if ListCo's EBITDA exceeds €47,000,000 in fiscal 2026 or 2027; and (3) $287,500,000 if ListCo's EBITDA exceeds €87,000,000 in fiscal 2027 or 2028. The closing is expected in the fourth quarter of 2026, subject to CGC shareholder approval and customary closing conditions.
  https://www.sec.gov/Archives/edgar/data/1889112/0001104659-26-086861.txt

## Citations
- 0001104659-26-086861 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926086861