Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 11

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 11
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holder approval through irrevocable proxies of the Company’s stockholders to, by a majority of the voting power of the Company, issue Existing Conversion Shares and shares issuable pursuant to the SEPA in excess of the Exchange Cap (as defined in the SEPA). Approximately $8,000,000 of the Existing Convertible Debentures currently remains outstanding.

The Existing Convertible Debentures do not bear interest unless an event of default occurs and remains uncured, upon which the Existing Convertible Debentures will bear interest at an annual rate of 18.0%. The Existing Convertible Debentures will mature on July 14, 2026 (the “Existing Debentures Maturity Date”). The First Convertible Debenture resulted in gross proceeds to the Company of approximately $18,000,000, representing an original issue discount of 10%. The Second Convertible Debenture resulted in gross proceeds to the Company of approximately $9,000,000, representing an original issue discount of 10%. Prior to the Amendment (as defined below), the Company was required to make monthly cash payments of principal in amounts between $1,000,000 and $3,000,000 (per the schedule set forth in the Existing Convertible Debentures) plus a payment premium of 5% and all accrued and unpaid interest as of the date of such installment. Such payments commenced 30 days following the date of issuance of the applicable Convertible Debenture and continued until the September Payment (as defined below) on September 15, 2025. In addition, no conversion is permitted to the extent that, after giving effect to such conversion, the holder together with the certain related parties would beneficially own in excess of 4.99% of the Common Stock outstanding immediately after giving effect to such conversion, subject to certain adjustments.

The Existing Convertible Debentures provide the Company, subject to certain conditions, with an optional redemption right pursuant to which the Company, upon 10 trading days’ prior written notice to Yorkville (the “Redemption Notice”), can redeem in cash, in whole or in part, all amounts outstanding under the Existing Convertible Debentures prior to the Existing Debentures Maturity Date. The redemption amount is equal to the outstanding principal balance being redeemed by the Company, plus the redemption premium of 5% of the principal amount being redeemed if completed on or before the twelve month anniversary of the issuance date, or 10% of the principal amount being redeemed if