GlobeNewswire·Nov 2, 2026, 8:00 AM ET

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

Innventure formed a Strategic Review Committee of disinterested directors to oversee capital strategies & other priorities to create shareholder value.
The Board & management are focused on capital efficiency, reducing parent company operating costs, addressing near-term liquidity, & supporting independent fundraising at operating companies.
Innventure reduced headcount from 40 to 15 since Q1, cutting payroll costs by approximately 57% excluding severance.
Near-term liquidity needs exist at the parent level as most consolidated cash is held by Accelsius, which has engaged Evercore Group L.L.C. to evaluate private capital formation.
Innventure established an at-the-market equity offering program on October 6, 2026, as an alternative to its 2023 Standby Equity Purchase Agreement.
The Company does not intend to use the ATM to raise capital for Accelsius at current prices or raise the full $60 million available under the program.
Innventure plans to conclude funding for AeroFlexx within the next month & for Refinity by year-end, with interim funding subject to Committee oversight.
Governance was enhanced by reducing the Board from nine to seven directors, six of whom are independent, & appointing Michael Madon as an independent director.
Dr. Bill Grieco assumed the role of CEO on September 1, 2026, & Eric Stober joined as CFO on October 19, 2026.
No timetable has been set for the conclusion of the strategic review, & no decisions regarding potential actions have been made.