Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 54

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 54
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 Yorkville in excess of the SEPA Exchange Cap requires the affirmative vote of the majority of the votes cast (meaning the number of shares voted “for” the proposal must exceed the number of shares voted “against” the proposal). Abstentions and broker non-votes, if any, are not considered votes cast for the foregoing purpose, and will have no effect on the vote for this proposal. Subsequent to the date of this proxy statement, we intend to enter into voting agreements with holders of a majority in voting power of our Common Stock to grant us an irrevocable proxy to vote their shares of Common Stock in favor of this Proposal 3. Under applicable Nasdaq Listing Rules, the shares of Common Stock issued pursuant to the SEPA, of which there were 208,993 shares, are not entitled to vote on Proposal 3.

29

PROPOSAL FOUR—CONVERTIBLE DEBENTURES SHARE ISSUANCE PROPOSAL**

We are seeking approval of the potential issuance of a number of shares of Common Stock to Yorkville in excess

of the Convertible Debentures Exchange Cap (as defined below). As of the Record Date, no shares of Common Stock have

been issued to Yorkville upon conversion of any amounts under the Convertible Debentures and the outstanding aggregate

principal amount of the Convertible Debentures was $20.0 million.

**Background**

On March 25, 2025, we entered into a securities purchase agreement (the “Securities Purchase Agreement”) with

Yorkville in connection with our issuance and sale to Yorkville of convertible debentures, convertible into shares of

Common Stock subject to certain conditions and limitations, in the aggregate principal amount of up to $30.0 million (the

“Convertible Debentures”). On April 14, 2025, pursuant to the Securities Purchase Agreement, we sold and issued to

Yorkville a Convertible Debenture in the principal amount of $20.0 million. Yorkville will purchase and we will issue an

additional $10.0 million in principal amount of Convertible Debentures (the “Second Convertible Debenture”) after both (i)

a registration statement is filed with the SEC registering the resale of the Conversion Shares and is declared effective by the

SEC and (ii) the Company has received approval of this Proposal 4 either through affirmative votes for this Proposal 4 at

the Annual Meeting or irrevocable proxies to do the same by a majority of the voting