Innventure Reports Third Quarter 2026 Results

(NASDAQ: INV) Innventure, Inc. announced financial results for the quarter ended September 30, 2026. Bill Grieco, Chief Executive Officer of Innventure, stated that the management team and Board have taken steps to transform Innventure into a leaner, more focused organization. Parent-level costs have been substantially reduced, including a reduction in headcount from 40 to 15 since the end of the first quarter. The company is transitioning AeroFlexx and Refinity away from reliance on Innventure capital and is evaluating strategic alternatives for both businesses. The Strategic Review Committee, along with financial advisors, is evaluating capital strategies to strengthen the company's financial position and address near-term liquidity needs. The actions taken are intended to preserve and maximize the value of Innventure's interest in Accelsius while providing the necessary resources for Accelsius to realize its full potential. The company remains confident in the opportunity at Accelsius and believes the ongoing transformation is an important step toward creating shareholder value. A conference call to discuss these results is scheduled for 5:00 pm ET on November 12, 2026, and will be webcast live via the investor relations website. Innventure uses non-GAAP financial measures, including EBITDA and Adjusted EBITDA, to supplement its consolidated financial statements. EBITDA is defined as net income before interest, income taxes, and depreciation and amortization. Adjusted EBITDA further excludes certain non-cash items, non-recurring expenses, and other items not indicative of core operating activities, such as stock-based compensation and acquisition costs. The company believes Adjusted EBITDA provides additional insight into operational performance and is used internally for budgeting, resource allocation, and performance evaluation. Adjusted EBITDA has limitations, including the exclusion of cash expenditures, capital expenditure requirements, working capital needs, interest expenses, and tax payments. Investors are cautioned that Adjusted EBITDA should not be considered in isolation or as a substitute for GAAP financial measures, and definitions may vary among companies.

Innventure Announces Formation of Strategic Review Committee to Review Range of Capital Strategies

(NASDAQ: INV) Innventure, Inc. announced that its Board of Directors has formed a Strategic Review Committee of disinterested directors to oversee a broad review of strategic matters, including capital strategies and other priorities to create shareholder value. Bruce Brown, Chairman, stated that the Board and management are focused on evaluating strategies with particular attention to capital efficiency. The Committee is working with independent financial advisors to conduct a comprehensive review of capital strategies and is actively considering ways to strengthen the Company’s financial position. No timetable has been set for the conclusion of the review, and no decisions have been made regarding potential actions. Since the end of Q1, Innventure has reduced headcount from 40 to 15, resulting in a payroll cost reduction of approximately 57%, excluding severance costs. The Company continues to explore additional cost-cutting initiatives. Most of the consolidated balance sheet cash is attributable to Accelsius, and Innventure has near-term liquidity requirements at the parent-company level. Accelsius has engaged Evercore Group L.L.C. as its financial advisor to evaluate private capital formation needs and alternatives. On October 6, 2026, Innventure established an at-the-market equity offering program (ATM) as an alternative to the $75 million Standby Equity Purchase Agreement entered into in 2023 in connection with going public. The ATM does not increase the aggregate capital the Company intends to raise and provides an additional tool for selective capital raising. The Company does not intend to use the ATM to raise capital for Accelsius at current share prices or to raise the full $60 million available under the ATM. Innventure is limiting ongoing funding of AeroFlexx and Refinity and is pursuing strategic alternatives for both, including potential sales and interim third-party financings. Funding for AeroFlexx is intended to conclude within the next month, and for Refinity by the end of the year, with interim funding subject to Committee oversight. Although Refinity was previously expected to be self-funded beginning in October 2026, the Company now believes limited near-term capital is prudent to allow Refinity additional time to achieve a potential outcome that may preserve or realize value for shareholders. Governance enhancements include appointing Michael Madon as an independent director and reducing the Board from nine to seven directors, six of whom are independent. On September 1, Dr. Bill Grieco became Chief Executive Officer, and on October 19, Eric Stober joined as Chief Financial Officer. Dr. Grieco has 25 years of experience in technology commercialization, and Mr. Stober has over two decades of finance experience, most recently as CFO of Capital Factory and previously as CFO of Astrotech Corporation. The Board is committed to rigorous, independent oversight and disciplined capital allocation. Innventure intends to provide additional updates as it advances these initiatives and reaches meaningful milestones.

Confirmation of Capital Reduction

(NASDAQ:INV) The Investment Company plc announced the confirmation of its Capital Reduction, which involved the cancellation of the Company's share premium account and the reduction in the Company's ordinary share capital by reducing the nominal value of each issued fully paid-up Ordinary Share from 10 pence to 1 penny. The Capital Reduction took effect on 22 July 2026, following registration with the Registrar of Companies. The reduction does not reduce the underlying net assets of the Company, nor does it affect Shareholders' voting or dividend rights or rights on any return of capital to Shareholders. The Distributable Reserves Condition has been satisfied as a result. As announced on 10 July, the Minimum NAV Condition in relation to the Proposals has been met, allowing for the completion of the Proposals. Admission and dealings in new Ordinary Shares will commence at 8.00 a.m. on 28 July 2026.

Result of Retail Offer

(NASDAQ:INV) The Investment Company plc announced the result of its retail offer, receiving total commitments equal to £299,482.88, representing 391,942 new ordinary shares of £0.10 each, which are expected to have a nominal value of £0.01 each following the Company's capital reduction, at an issue price of 76.41 pence per New Ordinary Share. In addition to the Retail Offer, the Company conducted a placing and offer for subscription of New Ordinary Shares at the Issue Price, raising approximately £7.16 million. The Retail Offer, together with the Issue, comprise the 'Fundraising'. Admission of the New Ordinary Shares pursuant to the Retail Offer is expected to take place at 8.00 a.m. on 28 July 2026. Completion of the Retail Offer is conditional upon the completion of the Issue. The net proceeds of the Fundraising will be invested in accordance with the Company's proposed new investment objective and policy, as set out in the Issue Announcement.

Investment Company — Launch of Retail Offer

(NASDAQ:INV) The Investment Company plc announced the launch of a retail offer via BookBuild for 392,615 new ordinary shares of £0.10 each, expected to have a nominal value of £0.01 each, at an issue price of 76.41 pence per New Ordinary Share. The Company has also conducted a placing and offer for subscription of New Ordinary Shares at the Issue Price, raising approximately £7.16 million, as announced on 10 July 2026. The Issue Price represents a 2 per cent. discount to the net asset value per ordinary share as at close of business on 14 July 2026. The Retail Offer opens at 12:00 p.m. on 15 July 2026 and is expected to close at 4:30 p.m. on 23 July 2026, with admission and dealings in New Ordinary Shares commencing at 8.00 a.m. on 28 July 2026. The Retail Offer is conditional on the New Ordinary Shares being admitted to trading on the Main Market of the London Stock Exchange and on the completion of the Issue. There is a minimum subscription of £100.00 per investor and no maximum subscription amount under the terms of the Retail Offer. The net proceeds of the Fundraising will be invested in accordance with the Company's proposed new investment objective and policy, as set out in the Issue Announcement.

Results of Tender Offer and Issue

(NASDAQ:INV) The Investment Company plc announced that 5,439,991 Ordinary Shares were validly tendered pursuant to the Tender Offer, constituting 59.2 per cent. of the existing issued share capital of the Company. The Company has received total commitments of approximately £7.16 million pursuant to the Placing and Offer for Subscription. The Minimum NAV Condition in relation to the Proposals has been met, allowing for the completion of the Proposals subject to the Distributable Reserves Condition being met. The Issue Price and Tender Price will be calculated on the Calculation Date, being on or around 6.00 p.m. on 14 July 2026. An announcement is expected to be made on 15 July 2026 regarding the Tender Price and Issue Price. The repurchase of Ordinary Shares and issue and sale of new Ordinary Shares is scheduled for 8.00 a.m. on 28 July 2026. Confirmation of the cancellation of the share premium account, capital redemption reserve, and reduction of Ordinary Share capital (if approved by the Court) is expected to be by 27 July 2026.

Innventure Receives Letter of Support from Ascent Capital Partners

Innventure, Inc. (NASDAQ: INV) announced that Ascent Capital Partners has amended its Schedule 13D filing with the SEC to include a letter expressing support for Innventure, its leadership, and strategic direction. The amended filing is publicly available on the SEC's website. Bill Haskell, Chief Executive Officer of Innventure, expressed appreciation for Ascent's confidence in the company's strategy. Innventure focuses on building companies with billion-dollar valuations by commercializing breakthrough technology solutions. The company also issued a cautionary statement regarding forward-looking statements in the press release.

Innventure Further Details Its Capital Allocation Strategy

Innventure, Inc. (NASDAQ:INV) provided further details on its capital allocation strategy. The announcement comes in response to increased investor interest regarding how Innventure deploys capital across its operating companies, funds those companies as they scale, and approaches value‑realization events. The company is described as an industrial growth conglomerate that partners with leading multinationals. No specific financial figures or quantitative data are provided in the announcement.