Learn CW Investment announced that it has further extended its comletion deadline by an additional month to July 13. The SPAC arranged for the deposit of $150,000 into the trust account to cover this additonal time. The extension is the ninth of up to 12 one-month extensions available.
Learn CW has a deal pending with Innventure, an enterprise growth engine. The SPAC raised $232.3 million in an October 2021 IPO.
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.
