Innventure, Inc. (INV) has announced a strategic investment in Accelsius, a leader in two-phase, direct-to-chip liquid cooling technology for data centers, by Johnson Controls (JCI).
Two-phase solutions use 'phase change' from liquid to vapor to remove heat, enabling more efficient heat extraction with reduced energy consumption.
In an unrelated transaction, Innventure also announced the closing of a private placement of Innventure common stock and warrants anchored by CastleKnight. The gross proceeds from this transaction were $9.75 million.
This capital raise, along with the recently disclosed issuance to Yorkville of convertible debentures in an aggregate principal amount of up to $15 million, provides working capital to support Innventure's ongoing business operations, the company said.
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