Learn CW Investment said it deposited $150,000 into trust to compensate shareholders for a deadline extension to April 13. This is the sixth of up to 12 one-month extensions available to the SPAC.
Learn CW has a deal in hand with Innventure, an enterprise growth engine.
The target founds, funds, operates and scales companies in strategic collaboration with multinational corporations to commercialize breakthrough technology solutions. Innventure comprises experienced entrepreneur-operators who leverage a systematic, quantitative company-building approach to help mitigate many of the risks inherent in building and scaling high-growth ventures.
The business combination reflects an enterprise value for Innventure of $385 million (excluding a $50 million earnout payable upon achievement of certain milestones). The transaction is also expected to include a $75 million committed equity facility in addition to the proceeds from other in-process financings. Read more.
