Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 40

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 40
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Certain Directors ” in Item 10 for more information.

**Lock-Up Agreements**

In connection with the entry into the Business Combination Agreement, certain members of Innventure LLC (the

“MSA Lock-Up Parties”) entered into a Member Support Agreement (the “Member Support Agreement”) with Learn CW,

Innventure, and Holdco pursuant to which the MSA Lock-Up Parties agreed to, among other things, be subject to a 180-

day lock-up period following the Closing with respect to any shares of Common Stock received as consideration in the

Business Combination. On April 1, 2025, the restrictions pursuant to the lock-up under the Member Support Agreement

lapsed with respect to the shares of Common Stock held by the MSA Lock-Up Parties.

Pursuant to Innventure’s Certificate of Incorporation, the holders of shares of Common Stock issued as

consideration (including any Earnout Shares, as defined in the Business Combination Agreement) to former holders of

membership interests, warrants or other equity interests of Innventure LLC were prohibited from transferring any such

shares of Common Stock until the end of the period beginning on the date of the Closing and ending on the date of the

opening of the first trading window at least 180 days after the Closing. On April 1, 2025, the restrictions pursuant to the

lock-up under the 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.

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