Cartesian Growth Corporation II to Merge with InoBat in $1.2B SPAC Business Combination

Cartesian Growth Corporation II has signed a definitive business combination agreement to merge with InoBat, a European battery energy storage systems and battery technology company, in a transaction valued at $1.265 billion. The deal is expected to close in late 2026, subject to customary closing conditions, and InoBat is expected to trade on Nasdaq under the ticker “INBT.”