Innventure ($INV) is under fire from a shareholder alleging potential NASDAQ Rule 5635 violations. The company's share count ballooned from ~50M to ~85M through repeated equity issuances at declining prices and management grants—allegedly without proper shareholder approval.
The shareholder claims the recent $1.6M raise only covers six weeks of payroll and solves nothing. They're demanding immediate action: cut burn rate by 95%, sell or shut down AeroFlex and Refinity, and convert Innventure into a tracking stock for Accelsius.
The post warns that board and management face over $200M in personal liability and accuses them of self-dealing. The message is blunt: stop the dilution or face legal and potential criminal consequences. The shareholder insists the "down select model is dead" and calls the current strategy a disgrace.
The shareholder claims the recent $1.6M raise only covers six weeks of payroll and solves nothing. They're demanding immediate action: cut burn rate by 95%, sell or shut down AeroFlex and Refinity, and convert Innventure into a tracking stock for Accelsius.
The post warns that board and management face over $200M in personal liability and accuses them of self-dealing. The message is blunt: stop the dilution or face legal and potential criminal consequences. The shareholder insists the "down select model is dead" and calls the current strategy a disgrace.