$INV fired auditor BDO after the firm flagged material weaknesses in financial controls. One red flag: Innventure's forecast for subsidiary Accelsius.
The company's $100M Q4 run rate projection now appears fabricated—likely used to inflate the share price ahead of a dilutive offering, according to analyst commentary.
Innventure has not publicly addressed the auditor dismissal or revised guidance.
The company's $100M Q4 run rate projection now appears fabricated—likely used to inflate the share price ahead of a dilutive offering, according to analyst commentary.
Innventure has not publicly addressed the auditor dismissal or revised guidance.