---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-086861"
form_type: "8-K"
ticker: "RENEF"
cik: "0001889112"
company_name: "Cartesian Growth Corp II"
filed_at: "2026-07-27T12:16:06+00:00"
generated_at: "2026-07-27T12:20:27.834766+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cartesian Growth Corp II to merge with InoBat at $1.265B enterprise value; PIPE of $77.5M

## Summary
- InoBat valued at $1.265B: $575M upfront consideration plus up to $690M in earn-out shares tied to milestones.
- PIPE financing of $77.5M: $50M from institutional investor for Series A convertible pref + warrants; $27.5M from others for Series B pref + warrants.
- Closing expected in Q4 2026, subject to CGC shareholder approval, regulatory clearances, and Nasdaq listing.
- Break fees: $10M payable by either party if they enter a competing transaction within 12 months after termination for breach.
- Sponsor support: forfeiture of private warrants, transfer of 800k shares, conversion of $9.2M loans into preference shares.

## SEC filing metadata
- accession: 0001104659-26-086861
- form_type: 8-K
- ticker: RENEF
- cik: 0001889112
- company_name: Cartesian Growth Corp II
- filed_at: 2026-07-27T12:16:06+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1889112/000110465926086861/0001104659-26-086861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889112/000110465926086861/tm2621302d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-086861
- JSON: https://secwatch.observer/filing/0001104659-26-086861.json
- Plain text: https://secwatch.observer/filing/0001104659-26-086861.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.