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Innventure enters agreement with Learn CW

October 2024

Client(s) Innventure LLC

Jones Day advised Innventure LLC in its business combination with Learn CW Investment Corporation, a publicly traded special purpose acquisition company (NYSE: “LCW”) sponsored by CWAM LC Sponsor LLC, an affiliate of Learn Capital and Commonwealth Asset Management. Upon the completion of the business combination, the combined company changed its name to Innventure, Inc. and its common stock began trading on the Nasdaq Stock Market under the new ticker symbol “INV”.

The business combination reflects an enterprise value for Innventure of $385M (excluding a $50M earnout payable upon achievement of certain milestones). The transaction included a $75 million committed equity facility in addition to the proceeds from other in-process financings.

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