Northland analyst Nehal Chokshi lowered the firm’s price target on Innventure (INV) to $8 from $13 and keeps an Outperform rating on the shares after updating the firm’s share count estimate to include multiple recent raises.
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Read More on INV:
- Innventure Raises $40 Million in Registered Stock Offering
- Innventure to sell 11.429M shares for $40M in registered direct offering
- Innventure Reports Significant Reduction in Convertible Debenture Balance
- Innventure Subsidiary Accelsius Secures New Series B-1 Funding
- Innventure files $200M mixed securities shelf
