Innventure responds to Commonwealth Asset Management 13D filing

Innventure Inc. (NASDAQ: INV) issued a statement responding to a Schedule 13D filing by Commonwealth Asset Management, reaffirming its commitment to shareholder value creation.

The Orlando-based industrial growth conglomerate said its board and management team remain committed to acting in shareholders' best interests and are open to constructive engagement with all shareholders, though the company did not comment on specific interactions.

Innventure operates four companies launched since 2015: PureCycle, which converts polypropylene plastic waste; AeroFlexx, focused on sustainable liquid packaging; Accelsius, which develops cooling technology for data centers; and Refinity, which converts mixed plastic waste into raw materials.

The company reported recent milestones across its portfolio companies. Accelsius secured $65 million in financing from Johnson Controls and Legrand and announced a deployment agreement for a 300MW AI data center campus in Ontario, Canada. AeroFlexx generated revenue for six consecutive quarters and announced a partnership with eleeo brands. Refinity demonstrated technology validation in collaboration with VTT Technical Institute of Finland.

Innventure reported reducing general and administrative expenses from $19.7 million in the first quarter of 2025 to $16.9 million in the third quarter of 2025. The company said its board plans to evaluate additional cost-cutting initiatives.

The company appointed Bruce Brown, former Proctor & Gamble Chief Technology Officer, as its first Lead Independent Director. Innventure said its nine-member board, with a majority of independent directors, continues seeking candidates with relevant skills and experience.

The statement was based on information from a company press release.

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