Innventure closes $40 million stock offering to institutional investors

Innventure Inc. (NASDAQ: INV) completed a registered direct offering of common stock to four institutional investors, raising approximately $40 million in gross proceeds before deducting offering expenses, the company announced.

The Orlando-based industrial growth conglomerate plans to use the net proceeds to redeem outstanding convertible debentures and for working capital and general corporate purposes. The funding may also enable Innventure to exercise its right to receive equity in Accelsius instead of cash for approximately $8 million of intercompany convertible debt repayment and associated interest.

If exercised, the debt would convert into the same series of securities purchased by strategic investors in Accelsius' recently completed $65 million Series B-1 Units sale, which was based on a post-money valuation of approximately $665 million.

"This offering strengthens much more than our balance sheet, it further accelerates Innventure's long‑term strategy," said Bill Haskell, Chief Executive Officer of Innventure. "We now have enhanced flexibility to increase our ownership in Accelsius, a business that is rapidly scaling in the 2-phase, direct-to-chip cooling market with an expected sales opportunity pipeline exceeding $1 billion."

Titan Partners served as sole placement agent for the offering, while Northland Capital Markets acted as Capital Markets Advisor to the company.

The offering was conducted under an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on December 23, 2025, and declared effective on January 9, 2026.

Innventure focuses on building companies by commercializing technology solutions and operates as an industrial growth conglomerate that creates and operates industrial enterprises.

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