Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 142

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 142
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, the

issuance of preferred stock could have an adverse impact on the market price of Common Stock.

Dividends

The DGCL permits a corporation to declare and pay dividends out of “surplus” or, if there is no “surplus,” out

of its net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year. “Surplus” is

defined as the excess of the net assets of the corporation over the amount determined to be the capital of the

corporation by the Board. The capital of the corporation is typically calculated to be (and cannot be less than) the

aggregate par value of all issued shares of capital stock. Net assets equals the fair value of the total assets minus total

liabilities. The DGCL also provides that dividends may not be paid out of net profits if, after the payment of the

dividend, capital is less than the capital represented by the outstanding stock of all classes having a preference upon

the distribution of assets.

Subject to applicable law and the rights, if any, of the holders of any outstanding series of preferred stock

(including the Series B Preferred Stock and the Series C Preferred Stock) or any class or series of stock having a

preference senior to or the right to participate with the Common Stock with respect to the payment of dividends (and

other distributions of cash, stock or property), such holders of Common Stock shall be entitled to the payment of

dividends (and other distributions of cash, stock or property) ratably in proportion to the number of shares held by

each such stockholder when, as and if declared by the Board in its discretion from time to time in accordance with

applicable law.

Innventure has no current plans to pay dividends on the Common Stock. Any decision to declare and pay

dividends in the future will be made at the sole discretion of the Board and will depend on, among other things,

Innventure’s results of operations, cash requirements, financial condition, contractual restrictions and other factors

83

that the Board may deem relevant. Because Innventure is a holding company with no direct operations, Innventure

will only be able to pay dividends from funds it receive from its subsidiaries.

Annual Stockholder Meetings

The Bylaws will provide that annual stockholder meetings will be held at such date, time and place, if any, as

determined by the Board. The Board may also determine that a meeting of stockholders be held by means of