Innventure and Johnson Controls Forge New Investment Alliance
Exciting New Investment Collaboration
In a recent announcement, Innventure, Inc. (NASDAQ: INV) proudly showcased a significant strategic investment by Johnson Controls in Accelsius, renowned for its two-phase, direct-to-chip liquid cooling systems. This partnership marks a vital step in the journey of both companies to innovate and enhance technology in cooling systems, vital for modern industries.
Details of the Investment
Johnson Controls (NYSE: JCI) made headlines with this investment, further demonstrating its commitment to sustainability and cutting-edge technology. This investment is considered to be a game-changer in how cooling systems operate, addressing an ever-increasing demand for efficient solutions in various sectors. The allure of direct-to-chip cooling technology is its potential to minimize energy consumption while maximizing efficiency, aligning perfectly with today's standards for sustainability.
Innventure's Strategic Direction
In addition to the investment from Johnson Controls, Innventure is concurrently engaged in a separate private placement of its common stock and warrants, secured through CastleKnight. The total proceeds from this initiative were reported at $9.75 million. With the additional convertible debentures issuance to Yorkville, amounting to a principal of up to $15 million, Innventure is ensuring its operational capital is well supported to facilitate ongoing business activities.
About Innventure
Innventure is dedicated to founding, funding, and operating enterprises that champion transformative, sustainable technology. The company focuses on acquiring and licensing innovative technologies from established multinational corporations, setting a vision to guide these breakthroughs from initial evaluation to commercialization. What sets Innventure apart is its commitment to minimizing risks while optimizing pathways for disruptive innovations that could redefine how companies and industries operate.
Seeking a $1 Billion Enterprise Value
By nurturing technologies deemed disruptive, Innventure aims for a target enterprise value of at least $1 billion for the companies it helps to build. They believe in fostering breakthroughs that significantly alter business operations and consumer experiences, establishing themselves as a leader in the quest for technological innovation.
Media and Investor Relations
For media inquiries, Innventure’s contact is Laurie Steinberg at Solebury Strategic Communications. Laurie can be reached via email at press@innventure.com. For matters regarding investor relations, Sloan Bohlen is available at Solebury Strategic Communications, with her email contact being investorrelations@innventure.com. Innventure shows a commitment to transparency and engagement with both media representatives and investors.
Frequently Asked Questions
What is the significance of the investment by Johnson Controls?
The investment is pivotal as it signifies a commitment to developing advanced cooling technology, which is crucial in today’s tech-driven industries.
How much capital did Innventure raise in its recent transactions?
Innventure raised $9.75 million from its private placement, along with a potential $15 million from convertible debentures issuance.
What defines Innventure's business model?
Innventure focuses on finding and commercializing transformative technologies, aiming for a minimum enterprise value of $1 billion for the companies it supports.
Who should I contact for media inquiries regarding Innventure?
For media inquiries, you can contact Laurie Steinberg at press@innventure.com.
What is Accelsius known for?
Accelsius is recognized for its innovative two-phase, direct-to-chip liquid cooling systems, which enhance efficiency in tech applications.
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