Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 134

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 134
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pursuant to the lock-up under the A&R Certificate of Incorporation lapsed with respect to the shares of Common

Stock held by the former holders of membership interests, warrants, or other equity interests of Innventure LLC.

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In connection with the entry into the Business Combination Agreement, certain insiders of Innventure entered

into lock-up agreements, pursuant to which such persons have agreed to restrictions on the transfer of their shares of

Common Stock, subject to certain exceptions, for a period ending upon the earlier of (A) the expiration of one year

after the Closing and (B) subsequent to the Closing, (i) if the closing price of Common Stock equals or exceeds

$12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the

like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Closing or (ii)

the date which Innventure completes a merger, liquidation, stock exchange, reorganization or other similar

transaction after the Closing that results in all of the public stockholders of Innventure having the right to exchange

their shares of Common Stock for cash securities or other property.

In connection with Learn CW’s initial public offering, Learn CW entered into a Letter Agreement (the “2021

Letter Agreement”), dated October 7, 2021, among Learn CW and its officers, directors, director nominees and

CWAM LC Sponsor LLC, Learn CW’s former Sponsor (the “Sponsor”), pursuant to which the Sponsor and certain

Insiders (as defined therein) agreed not to transfer certain Class B ordinary shares of Learn CW, par value $0.0001

per share (the “Founder Shares”), outstanding prior to the consummation of Learn CW’s initial public offering until

the earlier of (A) one year after the completion of the Business Combination and (B) the date following the

completion of the Business Combination on which Learn CW completes a liquidation, merger, share exchange or

other similar transaction that results in all of Learn CW’s shareholders having the right to exchange their Learn CW

Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), for cash, securities or other property.

The Founder Shares and the Ordinary Shares were each converted into shares of Common Stock at the Closing.

Pursuant to the terms of the 2021 Letter Agreement, and notwithstanding the foregoing, if, subsequent to the