Inobat and Cartesian Growth Corporation II Announce Business Combination Agreement to Accelerate Expansion of Battery Energy Storage Systems
Business combination announced
July 27 (Reuters) - Cartesian Growth Corp II RENEF.PK:
- Inobat and Cartesian Growth Corporation II announce business combination agreement to accelerate expansion of battery energy storage systems
- Cartesian Growth Corp II - combination values Inobat at $1.26 billion pre-money, pre-merger including earnouts
- Cartesian Growth Corp II - combination includes $77.50 million in committed PIPE with no further cash conditions
- Cartesian Growth Corp II - Inobat expected to trade on Nasdaq under ticker symbol INBT after closing
Source text: ID:nGNEbkYDmQ
Further company coverage: RENEF.PK
