Innventure (INV) Company Report

Innventure, Inc. has entered into securities purchase agreements with four institutional investors for a registered direct offering of common stock.
The offering involves the purchase and sale of 11,428,572 shares of common stock for gross proceeds of approximately $40 million.
The company expects to use the net proceeds to repay outstanding convertible debentures and for working capital and general corporate purposes.
The offering was expected to close on or about January 14, 2026.

Jan 14, 2026, 10:27 PM

8-K

Innventure Discusses Business Model, Portfolio Companies, and Financial Position

INV

New Projects/Investments

Revenue Acceleration/Inflection

Innventure (INV) focuses on starting, building, and scaling disruptive industrial technology solutions by launching wholly-owned new companies in strategic collaboration with multinationals.
The company went public in October 2024 and has launched four companies, including PureCycle Technologies, AeroFlexx, Accelsius, and Refinity.
Accelsius, a data center cooling solution developed with Nokia Bell Labs, has garnered significant interest, with a pipeline exceeding $1 billion and a strategic investment from Johnson Controls.
Innventure maintains a strong cash position with $67 million available from Yorkville via a SEPA, and its recent inclusion in the Russell 2000 and Russell 3000 indices is expected to enhance liquidity and access to capital.

Dec 11, 2025, 9:00 PM

Transcript

Innventure Discusses Business Model, Accelsius Growth, and Capital Access

INV

New Projects/Investments

Revenue Acceleration/Inflection

Innventure (INV), which went public in October 2024, operates by launching and scaling new companies based on technologies from multinational partners, aiming to mitigate early-stage risks.
Its subsidiary, Accelsius, a data center cooling solution, is generating significant market interest with a pipeline exceeding $1 billion, indicating potential for revenue acceleration.
The company reports a strong cash position and access to capital, including $67 million available from a SEPA with Yorkville, and has recently been added to the Russell 2000 and Russell 3000 indices.
Insiders are net positive on their stock holdings, reinforcing confidence in long-term value creation.

Dec 11, 2025, 9:00 PM

Transcript

Innventure Highlights Accelsius Growth and Capital Strategy

INV

New Projects/Investments

Revenue Acceleration/Inflection

Innventure (INV) operates by launching wholly-owned industrial technology companies in strategic collaboration with multinationals, focusing on technologies beyond the multinational's core business to accelerate commercialization and mitigate risk.
The company has launched four companies to date, including PureCycle Technologies and AeroFlexx (with Procter & Gamble), Accelsius (data center cooling from Nokia Bell Labs), and Refinity (recycling with Dow Chemical).
Accelsius is garnering significant interest, with a pipeline over $1 billion and a strategic investment from Johnson Controls, which includes a 300-megawatt Dark NX development.
Innventure, which went public in October 2024, maintains a strong cash position with access to capital, including $67 million available on a SEPA from Yorkville.
The company is being added to the Russell 2000 and Russell 3000 indices, expected to increase trading volume and liquidity, while insiders are net positive and growing their stock holdings.

Dec 11, 2025, 9:00 PM

Transcript

INV Reports Q3 2025 Financial Results

INV

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

INV reported consolidated revenue of $1.2 million in Q3 2025, representing a 50% increase from Q3 2024, while experiencing a net loss of $(34.7) million for the same period.
The company's Adjusted EBITDA was $(17.5) million for Q3 2025, compared to a loss of $(3.0) million in Q3 2024.
Cash and cash equivalents stood at $5.0 million as of September 30, 2025. Subsequent to the quarter, Accelsius secured a $25 million strategic investment from Johnson Controls on October 2, 2025.
The Accelsius segment demonstrated significant growth, with revenue increasing 150% to $0.5 million in Q3 2025, and its gross profit margin improving to 40%.

Nov 13, 2025, 10:00 PM

Presentation

Innventure Reports Q3 2025 Financial Results and Strong Accelsius Momentum

INV

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Innventure reported Q3 2025 revenue of $0.5 million, primarily from Accelsius proof of concept sales, alongside a net loss of $34.7 million and an Adjusted EBITDA loss of $17.5 million.
Accelsius's opportunity pipeline surged 79% quarter over quarter to over $1 billion, with more than 75% representing production opportunities for 2026, and its Q3 order bookings exceeded all prior quarters combined.
Accelsius secured a $25 million strategic investment from Johnson Controls in early October, validating its technology and expanding resources.
Innventure bolstered its capital structure with $10 million in convertible debentures in September, an additional $5 million in November, and a $9.8 million PIPE in October, bringing its cash balance to $14.1 million at the end of Q3 2025.
AeroFlexx achieved its fifth consecutive quarter of revenue recognition and garnered industry recognition, including the Gold Winner of the German Packaging Award, for its sustainable packaging solutions.

Nov 13, 2025, 10:00 PM

Transcript

Innventure Reports Q3 2025 Results with Increased Revenue and Significant Goodwill Impairment

INV

Earnings

New Projects/Investments

Profit Warning

Innventure reported revenue of $534 thousand for the third quarter of 2025, an increase from $317 thousand in the prior year period, alongside a net loss of $(34,735) thousand and Adjusted EBITDA of $(17,464) thousand.
Basic and diluted loss per share for Q3 2025 was $(0.51).
Accelsius, one of Innventure's operating companies, secured a strategic investment from Johnson Controls and introduced its NeuCool® MR250 system, with its sales pipeline now exceeding $1 billion.
AeroFlexx delivered its 5th consecutive quarter of revenue generation and expanded its global footprint.
The company recognized a significant goodwill impairment of $346,557 thousand for the nine months ended September 30, 2025, primarily due to sustained decreases in its publicly quoted share price and market capitalization.

Nov 13, 2025, 9:52 PM

8-K

Innventure, Inc. Issues Fourth Convertible Debenture

INV

Debt Issuance

Convertible Preferred Issuance

Innventure, Inc. issued a Fourth Convertible Debenture to YA II PN, Ltd. (Yorkville) on November 12, 2025, with a principal amount of $5,000,000, resulting in gross proceeds of approximately $4,500,000.
The debenture bears an annual interest rate of 5%, which will increase to 18% upon an uncured Event of Default, and has a maturity date of September 15, 2026.
It is convertible into common stock at a price that is the lower of $7.00 per share or 95% of the lowest daily volume-weighted average price (VWAP) over five trading days, with a floor price of $1.16.
Monthly cash payments are required if an "Amortization Event" occurs, such as the stock's VWAP falling below the floor price, the company exceeding the Exchange Cap, or Yorkville being unable to use the registration statement for 20 consecutive trading days. These payments would be 10% of the original principal amount, plus a 5% payment premium and accrued interest.

Nov 12, 2025, 9:04 PM

8-K

Innventure, Inc. Completes Private Placement and Subsidiary Secures Investment

INV

Convertible Preferred Issuance

New Projects/Investments

Innventure, Inc. completed a private placement on October 3, 2025, selling 1,625,235 shares of common stock and an equal number of Series A warrants at $6.00 per unit, generating approximately $9.75 million in gross proceeds.
Concurrently, its subsidiary, Accelsius Holdings LLC, secured an investment of approximately $25,000,000 from Johnson Controls, Inc. (JCI) on October 2, 2025, through the sale of 685,163 Series B-1 Units. This investment was a condition for the private placement.
The Series A Warrants issued in the private placement have an exercise price of $8.00 per share, become exercisable on April 6, 2026, and expire on October 3, 2030.
JCI's investment in Accelsius grants them the right to designate one director to Accelsius's board and provides approval rights over specific "Preferred Decisions".

Oct 6, 2025, 6:00 PM

8-K

Innventure, Inc. Secures Up to $15 Million in Convertible Debenture Financing and Amends Existing Debentures

INV

Debt Issuance

Convertible Preferred Issuance

Innventure, Inc. entered into a Securities Purchase Agreement with YA II PN, LTD. on September 15, 2025, for the issuance and sale of convertible debentures totaling up to $15,000,000 in aggregate principal amount.
At the first closing on September 15, 2025, the Company issued $10,000,000 in convertible debentures, resulting in gross proceeds of approximately $7,000,000 after a 10% original issue discount and a $2,000,000 September Payment. An additional $5,000,000 will be issued at a second closing, bringing total gross proceeds to approximately $11,500,000.
The new convertible debentures bear an annual interest rate of 5.0% (or 18.0% upon default) and mature on September 15, 2026. They are convertible into common stock at the lower of $7.00 per share or 95% of the lowest daily volume-weighted average price (VWAP) over five trading days, with a Floor Price of $1.16.
The Company also amended existing convertible debentures (totaling $30,000,000 previously issued) to remove monthly cash payments (after a $2,000,000 September Payment), introduce amortization event-based payments, align the conversion price definition with the new debentures (with a Floor Price of $1.59 for existing debentures), and institute an Exchange Cap.