Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 50

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 50
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 of Common Stock to Yorkville in excess

of the SEPA Exchange Cap (as defined below). As of the Record Date, we had issued 208,993 shares of Common Stock to

Yorkville pursuant to the SEPA at prices ranging from $11.93 to $12.86 per share.

**Background**

On October 24, 2023, we entered into the SEPA with Yorkville. Pursuant to the SEPA, we have the right, but not

the obligation, to sell to Yorkville up to $75.0 million (the “Commitment Amount”) of shares of Common Stock at our

request any time during the 36 months following the Closing of the Business Combination. At our option, the shares would

be purchased at a purchase price determined by multiplying the market price of the shares of Common Stock by either (i)

95% of the daily VWAP (as defined below) during the applicable one-day pricing period (the “Option 1 Pricing Period”) or

(ii) 97% of the lowest daily VWAP during the applicable three consecutive trading day pricing period (the “Option 2

Pricing Period”). We may also specify a certain minimum acceptable price per share in each sale that we request under the

SEPA (an “Advance”) below which we will not be obligated to make any sales to Yorkville. “VWAP” means, for any

trading day, the daily volume weighted average price of the Common Stock for such date on Nasdaq as reported by

Bloomberg L.P. during regular trading hours or, for a specified period, the volume weighted average price of the Common

Stock on Nasdaq, for such period as reported by Bloomberg L.P. through its “AQR” function.

Each Advance may be for the greater of (i) 100% of the aggregate daily trading volume of the Common Stock

during the five trading days preceding the Advance notice or (ii) $10.0 million.

We may not issue shares of Common Stock to Yorkville pursuant to the SEPA to the extent that, as a result of

previous issuances and sales of shares of Common Stock to Yorkville under the SEPA, it would result in Yorkville and its

affiliates having beneficial ownership of more than 9.99% of the then outstanding shares of Common Stock. Moreover,

under the applicable Nasdaq Listing Rules and pursuant to the SEPA, Yorkville may not purchase more than 9,899,582

shares