Company: INV
Filing Date: 2025-10-20
Form Type: DEF 14A
Source: 0001140361-25-038666
Chunk: 22

Company: Innventure, Inc.
Filing Date: 2025-10-20
Form: DEF 14A
Chunk 22
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ible Debentures Exchange Cap and such issuance of shares would dilute, and thereby reduce, each existing stockholder’s proportionate ownership in the Common Stock. Because the number of shares of Common Stock that may be issued to Yorkville pursuant to the March 2025 Convertible Debentures is determined based on the price of our Common Stock at the time of issuance, the exact magnitude of the dilutive effect cannot be conclusively determined. However, the dilutive effect may be material to our current stockholders. For illustrative purposes only, the table below shows the number of shares of Common Stock that would be issuable upon conversion of the March 2025 Convertible Debentures if we issue securities at the Fixed Price, certain illustrative prices per share lower than the Fixed Price, and the March 2025 Convertible Debenture Floor Price. This example is based on the conversion of $18.0 million, approximately the outstanding aggregate principal amount of the March 2025 Convertible Debentures as of the Record Date.

| Assumed          
 Conversion Price |     | Common Stock Issuable Upon Conversion of the March 2025 Convertible Debentures |
| $1.59            |     |                                                                     11,320,755 |
| $2.00            |     |                                                                      9,000,000 |
| $3.00            |     |                                                                      6,000,000 |
| $4.00            |     |                                                                      4,500,000 |
| $5.00            |     |                                                                      3,600,000 |
| $6.00            |     |                                                                      3,000,000 |
| $7.00            |     |                                                                      2,571,429 |

Consequences of Non-Approval If this Proposal 2 is not approved by our stockholders at the Special Meeting, we may be required to make monthly prepayments as described above, which may impair our working capital and our ability to fund capital expenditures and operating expenses, including the expenses for the Operating Companies. Board Recommendation Our Board unanimously recommends that you vote “ FOR” the potential issuance of a number of shares of Common Stock to Yorkville in excess of the March 2025 Convertible Debentures Exchange Cap. Vote Required The approval of the potential issuance of a number of shares of Common Stock to Yorkville in excess of the March 2025 Convertible Debentures Exchange Cap requires the affirmative vote of the majority of the votes cast (meaning the number of shares voted