Company: INV
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001628280-25-024239
Chunk: 54

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 54
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10.00 (the “Conversion Price”), provided that, on each of October 14, 2025 and January 14, 2026 (each, a “Reset Date”), the Conversion Price shall be adjusted (downwards only) to the lower of (i) the Conversion Price then in effect, or (ii) the average VWAP of the Common Stock during the ten consecutive trading days immediately preceding the applicable Reset Date. The Conversion Price is subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect to the Common Stock. The Convertible Debentures may not be converted into shares of Common Stock to the extent such conversion would result in Yorkville and its affiliates having beneficial ownership of more than 4.99% of the then outstanding shares of Common Stock after giving effect to such conversion; provided that this limitation may be waived by Yorkville upon not less than 65 days’ prior notice to us. Additionally, in compliance with our obligations under the rules and regulations of Nasdaq, the aggregate number of shares of Common Stock that we may issue in a transaction is 9,415,549 shares of Common Stock, or 19.99% of the shares of Common Stock outstanding as of the date of the Securities Purchase Agreement (the “Convertible Debentures Exchange Cap”). The Convertible Debentures Exchange Cap will not apply under certain circumstances, including if our stockholders have approved issuances in excess of the Convertible Debentures Exchange Cap in accordance with the rules of Nasdaq or we obtain a written opinion from an outside law firm that such approval is not required. The Convertible Debentures provide us, subject to certain conditions, with an optional redemption right pursuant to which we, upon 10 trading days’ prior written notice to Yorkville (the “Redemption Notice”), may redeem in cash, in whole or in part, so long as (i) the Redemption Notice is delivered to Yorkville after the close of trading hours on a trading day, and (ii) the VWAP of the Common Stock was less than the Conversion Price on the day the Redemption Notice was given, any of the outstanding principal and interest thereon at a redemption price equal to (a) the principal amount being redeemed, (b) all accrued and unpaid interest under the applicable Convertible Debenture as of the date of such redemption and (c) a redemption premium of 5% of the principal amount being redeemed on or before the twelve-month anniversary of the