Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 144

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 144
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 sell their shares of Common Stock at prices higher than prevailing market prices.

Classified Board of Directors

Innventure’s directors, other than those who may be elected by the holders of any future series of preferred

stock, will be classified with respect to the time for which they severally hold office into three classes, as nearly

equal in number as possible, designated Class I, Class II, and Class III. At any meeting of stockholders at which

directors are to be elected, the number of directors elected may not exceed the greatest number of directors then in

office in any class of directors. The directors first elected to Class I will hold office for a term expiring at the annual

meeting of stockholders to be held in 2025; the directors first elected to Class II will hold office for a term expiring

at the annual meeting of stockholders to be held in 2026; and the directors first elected to Class III will hold office

for a term expiring at the annual meeting of stockholders to be held in 2027, with the members of each class to hold

office until their successors are elected and qualified.

At each succeeding annual meeting of the stockholders of Innventure, the successors to the class of directors

whose term expires at that meeting will be elected by plurality vote of all votes cast at such meeting to hold office

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for a term expiring at the annual meeting of stockholders held in the third year following the year of their election

and until their successors are elected and qualified. Subject to the rights, if any, of the holders of any future series of

preferred stock to elect additional directors under circumstances specified in a Preferred Stock Designation, directors

may be elected by the stockholders only at an annual meeting of stockholders.

Removal of Directors; Vacancies

Subject to the rights of the holders of any series of preferred stock then outstanding, for as long as this A&R

Certificate of Incorporation provides for a classified board of directors, any director may otherwise be removed only

for cause by an affirmative vote of at least two-thirds of the total voting power of all the outstanding shares of

capital stock of Innventure entitled to vote generally in the election of directors, voting together as a single class, at a

meeting duly called for that purpose. Vacancies on the Board will be able to be filled only by resolution of a

majority of the directors then in office, although less than a quorum, or by a sole remaining director.