Innventure Closes $40M Registered Direct Offering for Working Capital and General Corporate Purposes.

Innventure Inc. has closed a $40 million registered direct offering of common stock to four institutional investors, with gross proceeds before deducting offering expenses. The company plans to use the net proceeds to redeem its outstanding convertible debentures and for working capital and general corporate purposes, including the potential acquisition of equity in Accelsius. The offering was made pursuant to an effective shelf registration statement and was acted as sole placement agent by Titan Partners.