secwatch.observer — SEC 8-K summary
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Issuer:     Cartesian Growth Corp II (RENEF)
CIK:        0001889112
Form:       8-K
Filed at:   2026-07-27T12:16:06+00:00
Accession:  0001104659-26-086861
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889112/000110465926086861/0001104659-26-086861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889112/000110465926086861/tm2621302d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-086861

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer