Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 15

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 15
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ure”) on the first business day after the date the registration statement, of which this prospectus is a part, is filed with the SEC registering the resale of the Conversion Shares is declared effective by the SEC (the “Second Closing”). The New Convertible Debentures bear interest at an annual rate of 5.0% unless an event of default occurs and remains uncured, upon which the New Convertible Debentures will bear interest at an annual rate of 18.0%. The New Convertible Debentures will mature on September 15, 2026, the date that is 12 months from the date of the First Closing Date (the “Maturity Date”) and, upon completion of the Second Closing, will result in gross proceeds to the Company of approximately $11,500,000 (including the original issue discount of 10% and the $2,000,000 September Payment). The New Convertible Debentures are convertible at the option of the holder into Common Stock equal to the applicable Conversion Amount (as defined below) divided by the Conversion Price (as defined below). The conversion price for the New Convertible Debentures will be the lower of (i) $7.00 per share of Common Stock (the “Fixed Price”) or (ii) 95% of the lowest daily VWAP of the Common Stock during the five consecutive trading days immediately preceding the conversion date or other date of determination (the “Variable Price”) and the applicable purchase price, the “Conversion Price”), but which Variable Price shall not be lower than the “Floor Price” then in effect. The “Floor Price” is $1.16, the price equal to 20% of the Minimum Price (as calculated pursuant to the rules of the NASDAQ) of the Common Stock. Any portion of the New Convertible Debentures may be converted at any time and from time to time, subject to the SPA Exchange Cap (as defined below). The conversion amount with respect to any requested conversion will equal the principal amount requested to be converted plus all accrued and unpaid interest on the New Convertible Debentures as of such conversion, with fractional shares rounded up (the “Conversion Amount”). In addition, no conversion will be permitted to the extent that, after giving effect to such conversion, the holder together with the certain related parties would beneficially own in excess of 4.99% of the Common Stock outstanding immediately after giving effect to such conversion, subject to certain adjustments. The Company shall not issue any Common Stock