Innventure, Inc. reports news about its industrial growth conglomerate model, which creates and operates companies that commercialize breakthrough technology with multinational partners. Recurring updates cover financial results, capital allocation, operating-company capital formation, board and governance changes, and shareholder communications.
Company news also follows Innventure operating companies such as Accelsius, AeroFlexx, and Refinity. Accelsius updates include NeuCool two-phase, direct-to-chip liquid cooling products for AI and high-performance computing data centers, including rack-level and row-based cooling systems.
Innventure (INV) is sharpening its focus on increasing the value of its interest in Accelsius, executing substantial parent-level cost cuts, and reshaping its leadership and Board structure as of September 2026.
The company expects quarterly parent-level cash expenses to decline to approximately $3.2 million by year-end 2026, from $7.5 million at the beginning of 2026, a reduction of about 56%, excluding debt service, severance, litigation and other non-recurring items. Since early Q2 2026, parent-level headcount and operating expenses have been significantly reduced. Eric Stober will become Chief Financial Officer on October 19, 2026, replacing David Yablunosky, who will move to an advisory role. The Board appointed Michael Madon as an independent director effective September 28, 2026, while Michael Otworth and John Hewitt resigned from the Innventure Board on September 18, 2026, reducing its size to seven directors, six of whom will be independent.
Innventure (NASDAQ: INV) announced several governance and leadership changes to enhance board independence and oversight. Lead Independent Director Bruce Brown was unanimously elected independent Chairman on August 27, 2026, succeeding Michael Otworth. Independent Director Catriona Fallon, who joined the board in June 2026, was appointed Audit Committee Chair on August 11, 2026.
The company said these moves align with its efforts to strengthen accountability as it reduces parent-level spending, evaluates funding alternatives, and assesses strategic options for the AeroFlexx business. Dr. William Grieco’s succession as CEO and director, originally planned for October 1, 2026, has been accelerated to September 1, 2026, replacing Bill Haskell and filling his board vacancy. To further bolster independence, management director Suzanne Niemeyer resigned from the board effective August 31, 2026, and the board size was reduced to eight directors. Innventure also launched an ongoing search for a new Chief Financial Officer as it considers additional organizational changes.
Accelsius (NASDAQ:INV) announced the deployment of its commercial IR150 system, described as the industry’s first fully integrated IT rack plus coolant distribution unit (CDU), at the EdgeConneX Global Training Center in Houston, Texas.
The center, located on the EdgeConneX Houston data center campus, is a purpose-built, production-like training environment for next‑generation data center infrastructure. By integrating Accelsius’ NeuCool two-phase, direct-to-chip liquid cooling into its curriculum, EdgeConneX will give operators, technicians, and ecosystem partners hands-on experience with deploying and servicing two-phase liquid cooling systems for AI workloads.
According to Accelsius, the IR150 integrates a two-phase CDU directly into the IT enclosure, creating a plug‑and‑play solution that simplifies installation, reduces total cooling system complexity and cost, and confines failure domains to a single rack. The EdgeConneX Global Training Center is open to customers, partners, and industry visitors for guided tours and hands‑on training with these advanced thermal technologies.
Innventure (NASDAQ: INV) outlined a series of Board-directed corporate actions following its second-quarter 2026 results, aimed at addressing shareholder concerns, cutting parent-level spending and focusing on nearer-term value-creation opportunities.
The company is actively pursuing strategic monetization alternatives and interim outside funding for AeroFlexx, supported by engaged financial advisors. Refinity will stop receiving funding from Innventure’s balance sheet after the third quarter of 2026 and is expected to be funded independently thereafter.
At the parent level, Innventure is implementing aggressive cost reductions, lowering quarterly cash expenses (excluding debt service) from $7.5 million to $4.5 million, including halting spending on new company formation and eliminating parent-level R&D. The company is also exploring debt and equity financing and asset monetizations to meet capital needs while seeking to minimize dilution.
The Board decided that senior management and directors will forfeit earnout shares previously issued based on an Accelsius purchase order from DarkNX, which was later removed. The Board also reiterated its belief that Accelsius can become a leader in two-phase direct-to-chip liquid cooling as market adoption potentially begins around 2027.
ONE Nuclear Energy, an independent developer of large-scale natural gas and advanced nuclear infrastructure, appointed Ann Anthony as Chief Financial Officer and nominated Elizabeth Williams as an independent director, expected to chair the Audit Committee, ahead of its planned Nasdaq listing.
With Williams joining independent directors Darryl Willis, Kyle Crowley and Dan Hennessy, the post-combination board is expected to have seven members, four of whom will be independent, effective upon closing of ONE Nuclear’s planned business combination with Hennessy Capital Investment Corp. VII (NASDAQ: HVII), targeted for the third quarter of 2026. According to ONE Nuclear, the SEC declared the business combination Registration Statement effective on August 3, 2026, and Hennessy VII has filed and is mailing the definitive proxy statement to shareholders of record as of July 31, 2026.
Innventure (NASDAQ: INV) reported second quarter 2026 results, highlighting ongoing investment in its Accelsius two-phase liquid cooling business while suspending previously communicated 2026 revenue and cash flow expectations for Accelsius due to evolving AI infrastructure market dynamics. Management is shifting focus to milestones such as chip‑maker relationships, OEM/ODM co‑development, hyperscaler engagement and delivery of additional thermal benchmark data.
For the quarter ended June 30, 2026, Innventure generated $953 thousand of revenue versus $476 thousand a year earlier, with a loss from operations of $31.5 million and net loss of $34.9 million. Six‑month 2026 revenue was $2.4 million compared with $700 thousand in 2025, while net loss narrowed to $62.7 million from $394.9 million, reflecting prior‑year goodwill impairment.
As of June 30, 2026, Innventure reported $41.5 million in cash and cash equivalents, total assets of $574.7 million, total liabilities of $91.9 million and total stockholders’ equity of $482.8 million. During the period, the company raised $50.2 million in equity and used $59.5 million of cash in operating activities.
Innventure (NASDAQ: INV) announced it will release its second quarter 2026 financial results after market close on Thursday, August 13, 2026. Management will host a conference call the same day at 5:00 p.m. ET to discuss the results.
The call will feature remarks from Dr. Bill Grieco, Innventure’s incoming CEO, and John Hewitt, CEO of Accelsius. The event will be webcast live and a replay will be available on Innventure’s investor relations website.
Innventure (NASDAQ: INV) subsidiary Refinity has selected Zeton to provide final detailed engineering, construction and delivery of a 10,000 tonne-per-annum modular waste plastics-to-olefins commercial demonstration plant.
The plant will apply Refinity’s fluidized bed technology to convert mixed plastic waste directly into light olefin gas streams, primarily ethylene and propylene, for use alongside third-party steam crackers. According to Refinity, this first-of-a-kind commercial plant is intended as a repeatable, factory-built design supporting global deployment, targeting circular feedstock supply into the roughly $300 billion ethylene/propylene and $400 billion polyethylene/polypropylene markets. Zeton will also build an integration unit to help scale Refinity’s pathway for converting light gases into jet-fuel-range liquids, supporting its sustainable aviation fuel strategy.
Accelsius (Symbol: INV) reported independent third-party benchmarks of its NeuCool two-phase direct-to-chip liquid cooling on an eight-way NVIDIA B200 GPU server, covering roughly 40,000 operating points under simulated AI workloads.
According to Accelsius, NeuCool can match single-phase cooling performance at 45°C facility water while using 54°C inlet water, supporting NVIDIA’s goal of global free cooling with warm facility-water temperatures. The company cites that each 1°C increase in facility water temperature can correspond to about 4% annual energy savings, and operation beyond 50°C may enable free cooling in many locations.
Benchmarking also found that at higher facility water flow, from 1.5 to 3.0 LPM/kW, NeuCool widened its thermal advantage over single-phase cooling from 9°C to 14°C, enabling facility water supply temperatures up to 59°C. Accelsius has detailed these findings in a white paper focused on warm-water-ready data center cooling for AI and high-performance computing.
Innventure (NASDAQ: INV) appointed Dr. Bill Grieco as Chief Executive Officer, effective October 1, 2026, following the planned retirement of current CEO Bill Haskell.
Haskell and Grieco will partner on a three‑month transition. Grieco will also join the board, remain on Accelsius and Refinity boards, and stay Refinity CEO until October 1, 2026.