Innventure Goes Public Through Merger with Learn CW Investment Corporation
October 02, 2024
Merger/DeSPAC: Oct 03, 24
Industry:
BLANK CHECKS
Innventure, an innovation commercialization company, has successfully completed its business combination with special purpose acquisition company (SPAC) Learn CW Investment Corporation. The combined company, now named Innventure, Inc., began trading on the Nasdaq Global Market under the ticker symbol “INV” on October 3, 2024.
Innventure focuses on acquiring and commercializing sustainable technologies from multinational corporations. It builds and scales companies around these technologies, with a goal of achieving a minimum enterprise value of $1 billion for each.
This public listing provides Innventure with greater access to capital and enhances its credibility as a partner for large corporations seeking to commercialize their innovations. The company has already successfully launched three companies, including PureCycle Technologies, which went public in 2021.
Blockchain Coinvestors Acquisition Corp. I Terminates Merger Agreement with Linqto
September 30, 2024
Merger Canceled
Industry:
BLANK CHECKS
Blockchain Coinvestors Acquisition Corp. I (Nasdaq: BCSA), a special purpose acquisition company (SPAC), has ended its planned merger with Linqto, Inc., a private investment platform. The merger agreement, initially announced in April 2024, was terminated by Linqto on September 26, 2024.
As per the agreement terms, Linqto will pay BCSA a $5 million termination fee within 30 days. BCSA, led by Chairman Matthew Le Merle and CEO Lou Kerner, will continue to seek a merger with another business.