Innventure, Inc. Announces Financing Agreements to Further Strengthen Balance Sheet
Innventure, Inc. (INV)
Company Research
Source: GlobeNewswire
Enters $50 Million Secured Line of Credit with Western Technology Investment Issues Approximately $11 Million of Series B Preferred Stock ORLANDO, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Innventure, Inc. (Nasdaq: INV) (“Innventure”), a technology commercialization platform, today announced two financing arrangements to bolster its capital position and provide additional operating flexibility. The Company entered into a $50 million secured line of credit (the “Line of Credit”) with Western Technology Investment (“WTI”). The Company expects to draw on the Line of Credit in multiple installments through March 31, 2025, subject to the satisfaction of certain conditions and achievement of certain commercial milestones by certain dates. Innventure also entered into investment agreements at the time of closing of the business combination the (“Business Combination”) with certain qualified investors for the issuance and sale of approximately $11 million of Series B Preferred Stock in a
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INV
Sec Filings
- 11/19/24 - Form 424B3
- 11/19/24 - Form 424B3
- 11/18/24 - Form 8-K
- INV's page on the SEC website