Corporate ActionOct 6, 2026, 05:31 PM
Innventure to Sell Up to $60M in Stock; Issues Shares Under SEPA
AI Summary
Innventure, Inc. has entered into an At The Market Offering Agreement with Lucid Capital Markets, LLC, allowing the company to sell up to $60 million of its common stock. The proceeds are intended for working capital, with a strategic focus on its subsidiary Accelsius Holdings LLC, and potentially acquiring more units of Accelsius. Additionally, the company reported issuing 2,454,689 shares of common stock to YA II PN, Ltd. for approximately $1.69 million under a previously disclosed Standby Equity Purchase Agreement, with proceeds to fund operating expenses and certain payables.
Key Highlights
- Innventure, Inc. entered into an At The Market Offering Agreement with Lucid Capital Markets, LLC.
- The agreement allows Innventure to offer and sell up to $60 million of its common stock.
- Lucid Capital Markets will act as sales agent or principal for the offering.
- Commissions for Lucid range from 3.0% to 2.17% of gross sales price.
- Proceeds will be used for working capital, focusing on subsidiary Accelsius Holdings LLC, and potential acquisition of Accelsius units.
- Innventure also issued 2,454,689 shares of common stock to YA II PN, Ltd. for $1.69 million under a Standby Equity Purchase Agreement.
Price Impact
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