Innventure board forms strategic review committee to evaluate capital strategies
INV•Innventure’s board formed a committee of disinterested directors to evaluate capital strategies and other priorities. Funding for AeroFlexx will end within a month and for Refinity by year-end, while the company does not intend to raise the full $60 million available through its at-the-market offering.
1. Committee reviews strategy
Innventure’s board formed a Strategic Review Committee of disinterested directors to evaluate capital strategies and other strategic priorities. The committee will oversee the interim period as funding for AeroFlexx ends within the next month and funding for Refinity ends by year-end.
2. Offering plans
Innventure does not intend to raise the full $60 million available under its at-the-market equity offering program.
