Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 13

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 13
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 so long as any amounts remain outstanding under the Convertible Debentures (as defined

below), if the Company submits an Advance Notice then, unless otherwise agreed by Yorkville, (1) the Company

may only request an Option 2 Pricing Period (as defined in the SEPA) in such Advance Notice, and (2) all of the

proceeds from such Advance Notice shall be used as an Advance Payment (as defined in the Convertible

Debentures), provided that, if certain conditions have been satisfied under the Convertible Debentures, with respect

to any Advance Notice, then the proceeds of such Advance Notice shall be paid to the Company.

Innventure Warrants

In connection with the Business Combination, Innventure assumed that certain Warrant Agreement (the

“Warrant Agreement”), dated as of October 12, 2021, by and between Learn CW and Equiniti Trust Company, LLC

(f/k/a American Stock Transfer & Trust Company, LLC), and each of the outstanding public warrants and

outstanding private placement warrants (collectively, the “Learn CW Warrants”) to acquire one Class A ordinary

share, par value $0.0001 per share, of Learn CW (a “Learn CW Ordinary Share”) were, pursuant to their terms,

converted into warrants to acquire, subject to substantially the same terms and conditions as were applicable under

the applicable Learn CW Warrant, the number of shares of Innventure’s Common Stock equal to the number of

Learn CW Ordinary Shares for which such Learn CW Warrants shall have been exercisable.

Each whole Innventure Warrant entitles the registered holder to purchase one share of Common Stock at a price

of $11.50 per share, subject to adjustment as discussed below, except as discussed in the immediately following

paragraph. Pursuant to the Warrant Agreement, an Innventure Warrant holder may exercise its Innventure Warrants

only for a whole number of shares of Common Stock. This means only a whole Innventure Warrant may be

exercised at a given time by an Innventure Warrant holder. The Innventure Warrants will expire five years after the

completion of the Business Combination, at 5:00 p.m., New York City time, or earlier upon redemption or

liquidation.

We will not be obligated to deliver any Common Stock pursuant to the exercise of an Innventure Warrant and

will have no obligation to settle such Innventure Warrant exercise unless a registration statement under the