Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 28

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 28
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 through November 30, 2024; and (iii) the Third

Tranche was made available after December 31, 2024 and through January 31, 2025 (provided that up to $7.5

million of the Third Tranche will be made available until March 31, 2025).

On November 15, 2024, Innventure made an initial draw under the WTI Facility in the amount of $20 million.

The receipt of any additional funds under the WTI Facility was subject to the satisfaction of certain conditions by

certain deadlines, including, without limitation, with respect to the Third Tranche, satisfaction of certain financial

conditions and the WTI Lenders’ satisfaction with the Company’s forward-looking plan at such time. As of the date

of this prospectus, the funds under each of the Second Tranche and the Third Tranche are no longer available to the

Company.

Furthermore, the Loan Documents impose various representations, warranties, covenants and events of default

on Innventure LLC, the Company and the Operating Companies, including, without limitation, on their ability to

incur indebtedness, grant liens, transfer assets, make investments, make dividends and other distributions and make

certain payments of other indebtedness. Obligations under the Loan Documents are secured by a lien on

substantially all of the assets of Innventure LLC and the Company. These restrictions could limit Innventure LLC’s,

the Company’s and the Operating Companies’ financial and operational flexibility and may require Innventure LLC,

the Company and the Operating Companies to seek consents from the WTI Lenders prior to taking certain actions.

Such consents may not be provided by the WTI Lenders on a timely basis, or at all.

The restrictions imposed by the WTI Facility on Innventure LLC, the Company and the Operating Companies

may make it more difficult for them to operate their businesses or implement their growth plans going forward. Even

if deemed necessary, we may not be able to raise additional indebtedness in the future on terms acceptable to us or at

all because of the restrictions imposed by the WTI Facility. As a result, we would be more vulnerable to general

adverse economic, industry and capital markets conditions in addition to the risks associated with indebtedness

described above.

It is not possible to predict the extent to which the Company will, intends to, or may rely on Yorkville and the

SEPA and the Convertible Debentures