other material
confidence high
sentiment neutral
materiality 0.75
Innventure closes $9.75M PIPE and JCI $25M investment in Accelsius subsidiary
Innventure, Inc.
- Private placement of 1,625,235 shares and warrants at $6.00/unit for ~$9.75M gross proceeds.
- Series A warrants exercisable at $8.00, exercisable from Apr 2026 to Oct 2030; redeemable if stock >= $15 for 20/30 days.
- JCI invests $25M in Accelsius subsidiary for 685,163 Series B-1 Units at $36.4877/unit.
- JCI receives board seat, veto over debt >$20M, preemptive rights, ROFR, and co-sale rights.
- Accelsius to use proceeds for general purposes; certain convertible notes automatically convert to equity.