Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 52

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 52
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 (or a group of

investors) would own or have the right to acquire 20% or more of a company’s then-outstanding capital stock.

Until this Proposal 3 is approved by our stockholders, Yorkville may not purchase more than 9,899,582 shares of

Common Stock pursuant to the SEPA, representing 19.99% of the shares of Common Stock outstanding as of the date of

the Closing of the Business Combination. Stockholder approval of this Proposal 3 will constitute stockholder approval for

purposes of Nasdaq Listing Rules 5635(d) and 5635(b).

Our Board has determined that the SEPA and our ability to issue the shares of Common Stock thereunder in

excess of the SEPA Exchange Cap are in the best interests of the Company and its stockholders because the ability to sell

shares of Common Stock to Yorkville provides us with a reliable source of capital for general corporate purposes, which

may include, but are not limited to, funding working capital, capital expenditures and operating expenses, including the

expenses for the Innventure Companies and, together with the subsidiary companies that we may found, fund, and operate

going forward, the “Operating Companies”.

We cannot predict the price of the Common Stock at any future date, and therefore cannot predict the number of

shares of Common Stock to be issued under the SEPA or whether the applicable price for any such shares will be greater

than the Minimum Price under the applicable Nasdaq Listing Rules.

Therefore, we are seeking stockholder approval under this Proposal 3 to issue shares of Common Stock in excess

of the SEPA Exchange Cap, if necessary, to Yorkville under the terms of the SEPA. The failure of our stockholders to

approve this Proposal 3 will prevent us from selling, at less than the Minimum Price, shares of Common Stock to Yorkville

in excess of the SEPA Exchange Cap. However, it would be possible to sell shares to Yorkville in excess of the SEPA

Exchange Cap if the sale of shares covered by any Advance is equal to or greater than the Minimum Price for such

Advance. As of the close of business on the Record Date, the price of the Common Stock was $4.42 per share.

**Effect on Current Stockholders**

Upon stockholder approval of this Proposal 3, the issuance of shares of Common Stock under the SEPA will not

be subject to the SEPA Exchange Cap and such issuance of shares would dilute, and