Accelsius raises $40M at $665M valuation from Legrand and JCI; Innventure cuts convertible debt

Innventure, Inc.

Accelsius issued Series B-1 Units to Legrand and JCI for $40M at ~$665M valuation.
Convertible debentures outstanding reduced to ~$6M from ~$32.1M as of Sept 30, 2025.
The valuation is based on estimates and assumptions that may not be accurate.
Innventure's subsidiary funding strengthens balance sheet ahead of growth.

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