The merger includes $77.5 million in private investment in public equity from institutional backers and existing InoBat shareholders. With no minimum cash condition attached to the agreement, the transaction hinges on shareholder approval and standard regulatory requirements.

InoBat intends to utilize the capital injection to expand its BESSMONT platform, which currently provides 875 megawatt-hours of utility-scale storage across Europe. The company is specifically targeting the surging power requirements of hyperscale data centers and artificial intelligence infrastructure.

Greenberg Traurig vice chair Alan I. Annex led the legal team advising Cartesian, supported by shareholders Adam S. Namoury and Thomas R. Martin, along with associate Ricardo Crispim Leite. This partnership follows Greenberg Traurig’s recent work on Cartesian Growth Corporation III’s merger with Factorial Inc. earlier this year.