secwatch.observer — SEC 8-K summary
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Issuer:     Innventure, Inc. (INV)
CIK:        0002001557
Form:       8-K
Filed at:   2024-10-09T23:59:59+00:00
Accession:  0001140361-24-043179
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01, 3.02, 4.01, 3.03, 5.01, 5.02, 5.03, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Innventure closes SPAC merger with Learn CW; begins trading as INV on Nasdaq
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- Merger closed 10/2/24; Innventure members own 86.3% of 44,602,673 shares outstanding; 18,646,000 warrants issued.
- Public shareholders redeemed 8,310,747 shares for ~$91.7M from $103.1M trust; remaining $11.3M used for transaction expenses.
- Up to 5M earnout shares conditioned on Accelsius revenue >$15M, new subsidiary with MNC, or AeroFlexx revenue >$15M within 7 years.
- Series B preferred financing raised ~$11.0M gross (1,102,000 shares at $10 each); 8% PIK return, mandatory conversion after 5 years.
- Founding Investors retain board nomination rights scaled to ownership; initially up to 4 directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2001557/000114036124043179/0001140361-24-043179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2001557/000114036124043179/ef20036737_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-043179

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer