July 28, 2026
InoBat BESS units at a 30MWh C&I customer site in Slovakia. Image: InoBat.
European battery manufacturer and energy storage system integrator InoBat plans to get a Nasdaq listing through a business combination with a special purpose acquisition company (SPAC).
InoBat, headquartered in Voderady, Slovakia, develops battery cell technology and manufactures battery energy storage systems (BESS). The company said yesterday (28 July) that it has agreed to the business combination with US-based Cartesian Growth Corporation II.
A SPAC merger is a quicker route to the stock exchange listing of shares than an IPO. Essentially, a SPAC is a blank cheque company that already has a stock exchange listing. It raises cash, acquires a company in a target industry, and then forms a business combination.
