Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010353
Chunk: 229

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 229
---
 Liens, enter into, create, incur, assume or suffer to exist any Lien on or with respect to any of its property or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom, (iii) make any payment in respect of any related party debt, (iv) enter into a transaction, the primary purpose of which is to raise capital for the Company, wherein the Company issues its equity capital stock and receives net proceeds in excess of $20.0 million wherein less than 25% of the net proceeds from such offering are reserved for payment of the obligations under the Convertible Debentures, which payment shall be made promptly upon receipt of the net proceeds of the offering (unless payment is waived by the Buyer) and which payment shall constitute an Advance Repayment, or (iv) enter into, agree to enter into, or effect any Variable Rate Transaction (other than in connection with the SEPA); provided, however, in no case shall any of the foregoing restrict transactions, events or issuances that have occurred prior to the date hereof. “ Permitted Indebtedness” shall mean: (i) indebtedness evidenced by the Convertible Debentures; (ii) indebtedness outstanding on the date hereof and any refinance of any such Indebtedness in a principal amount that does not exceed the original principal amount of such Indebtedness begin refinanced and on terms that are not materially more restrictive; (iii) indebtedness incurred solely for the purpose of financing the acquisition or lease of any equipment, including capital lease obligations with no recourse other than to such equipment; (iv) indebtedness (A) the repayment of which has been subordinated to the payment of the Convertible Debentures on terms and conditions acceptable to the Buyers, including with regard to interest payments and repayment of principal, (B) which does not mature or otherwise require or permit redemption or repayment prior to or on the 91st day after the maturity date of any Convertible Debentures then outstanding; and (C) which is not secured by any assets of the Company or its subsidiaries; (v) indebtedness associated with acquiring new intellectual property assets and licenses, so long as the proceeds are going to the party(ies) from which the Company is acquiring the assets, licenses, and other properties and (vi) any indebtedness (other than the indebtedness set out in (i) – (v) above) incurred after the date hereof, provided that such indebted