debt
confidence high
sentiment positive
materiality 0.75
Innventure secures $50M secured credit line from WTI, issues warrants for 1M shares
Innventure, Inc.
- Up to $50M term loan facility from WTI Fund X and WTI Fund XI; tranches through Jan 2025; interest prime+5% or 13.5% floor.
- Issued warrants to purchase up to 1M shares of common stock at $0.01/share, exercisable through March 2025.
- Also completed ~$11M Series B Preferred Stock private placement with qualified investors to augment trust assets.
- Obligations secured by substantially all assets; includes restrictions on debt, liens, dividends, and other covenants.
- CEO Bill Haskell says financing strengthens Innventure's financial position as newly public company.