WOW WOW WOW, Now i see the excitement with Mike Balkin………
Additionally, Mike Balkin He is currently the Chairman of the Board of Performance Health Systems, LLC and was a member of the board of managers of Innventure, “INV”, an Intellectual Property-based development company co-founded by Greg Wasson.
Innventure LLC and Learn CW Investment
Corporation Announce Closing of Business Combination
10/2/2024 4:45pm
ORLANDO, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) --Innventure, Inc. (Nasdaq: INV) and Learn CW Investment Corporation (NASDAQ: LCW) ("Learn CW"), a special purpose acquisition company, today announced the completion of their previously announced business combination ("Business Combination"). The Business Combination was approved at an extraordinary general meeting of Learn CW's shareholders on September 30, 2024. Upon the completion of the Business Combination, the combined company changed its name to Innventure, Inc. and its common stock is expected to begin trading on the Nasdaq Stock Market under the new ticker symbol
"INV" beginning on October 3, 2024.
In connection with the closing of the Business Combination, Inventure is expected to ring the Closing Bell at 4 p.m. EST on October 3, 2024 at the Nasdaq Marketsite.
"We're thrilled to reach this milestone, which supports our goal to found, fund and operate companies that offer transformative technology solutions," said Bill Haskell, CEO of Innventure. "We believe becoming a public company creates a unique opportunity to offer investors access to technologies with early-stage economics and late-stage risk. I'm grateful to our partners at Learn CW for recognizing the value of our unique business model and supporting our vision to be a conglomerate of majority-owned companies. I'd also like to thank our multinational corporation partners for their engagement and collaboration, and the trust they put in us to commercialize their breakthrough technologies. We look forward to growing Innventure and maximizing shareholder value over the long term." Rob Hutter, CEO of Learn CW, added, "As someone who has spent my career in venture creation, I am thrilled to help bring Inventure to the public market. I believe this public listing will further accelerate Innventure's credibility and standing as the innovation launch partner of choice for the world's largest companies, giving Innventure, in my opinion, the pick of the best opportunities for years to come and enabling investors to share in a remarkable stream of innovative companies that could compound over time and that are available few other places." Inventure uses operational expertise to take what it believes to be breakthrough technologies sourced from multinational corporations to market. In the process, Innventure builds and scales companies around these technologies using a systematic, quantitative and repeatable analysis. Inventure has launched three such companies since its inception: PureCycle Technologies, Inc., AeroFlexx and Accelsius. PureCycle became a publicly traded company in 2021.
Advisors
Jones Day acted as legal advisor to Inventure, and Sidley Austin LLP acted as legal advisor to Learn CW.
The Maples Group acted as Cayman legal advisor to Learn CW.
About Innventure
Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion.
Innventure defines "disruptive" as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.
About Learn CW Investment Corporation
Learn CW Investment Corporation ("Learn CW") was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses. Learn CW is sponsored by CWAM LC Sponsor LLC, an affiliate of Learn Capital, LLC ("Learn Capital") and Commonwealth Asset Management. Learn Capital is a leading venture capital firm focused on early- and mid-stage investments in the $5.4 trillion global education sector. Learn Capital was founded in 2008 by Rob Hutter and Greg Mauro, who formerly managed an affiliate of Founders Fund.
The firm possesses decades of founding, operating, and investing experience in the education, consumer, hard tech, and enterprise technology sectors.
Commonwealth Asset Management is a Los Angeles-based asset management platform founded in June 2019 and led by Adam Fisher, who is the former Head of Global Macro and Real Estate at Soros Fund Management LLC and the former founder and Chief Investment Officer of Commonwealth Opportunity Capital, GP LLC.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the parties or the parties' respective management team's expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the future, including the anticipated benefits of the Business Combination, including revenue growth and financial performance………
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