Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 57

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 57
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 public offering involving the sale, issuance or

potential issuance of Common Stock (or securities convertible into or exercisable for Common Stock) equal to 20% or

more of the shares of Common Stock or 20% or more of the voting power outstanding before the issuance at a price that is

less than the lower of (i) the Nasdaq Official Closing Price (as reflected on Nasdaq.com) immediately preceding the

signing of the binding agreement; or (ii) the Minimum Price. On March 24, 2025, the date immediately preceding the date

of the execution of the Securities Purchase Agreement, the closing price of the Common Stock was $7.93 and the average

closing price of the Common Stock for the five trading days immediately preceding March 25, 2025 was $7.77.

Under Nasdaq Listing Rule 5635(b), stockholder approval is required prior to the issuance of securities when the

issuance or potential issuance will result in a change of control of a company. This rule does not specifically define when a

change in control of a company may be deemed to occur for this purpose; however, Nasdaq suggests in its guidance that a

change of control would occur, subject to certain limited exceptions, if after a transaction an investor (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 4 is approved by our stockholders, Yorkville may not convert its Convertible Debentures into

more than 9,415,549 shares of Common Stock, representing 19.99% of the outstanding shares of Common Stock as of the

date of the Securities Purchase Agreement. Stockholder approval of this Proposal 4 will constitute stockholder approval for

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

Our Board has determined that the Securities Purchase Agreement and the Convertible Debentures and our ability

to issue the shares of Common Stock thereunder in excess of the Convertible Debentures Exchange Cap are in the best

interests of the Company and its stockholders because it will decrease the likelihood that we will have to make monthly

prepayments pursuant to the Convertible Debentures.

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 Convertible Debentures.

Therefore, we are seeking stockholder