Orlando tech biz accelerator going public
Orlando-based Innventure LLC — a fast-track business scaler — will merge with Los Angeles-based special purpose acquisition company (SPAC) Learn CW (NYSE: LCW) and make its initial public offering soon after.
The two companies have entered into a binding business combination agreement that will likely close by the end of 2023, said an Oct. 24 news release. Upon closing, the company will be valued at $385 million and retain the name Innventure, with headquarters in Orlando, said CEO Bill Haskell. If all goes as planned, Innventure will become Central Florida’s 24th publicly traded company.
