Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 17

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 17
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 of Convertible Debentures issuable in an aggregate principal amount of up to $30,000,000, which Convertible Debentures will be convertible into shares of the Company’s Common Stock (as converted, the “Conversion Shares”). Pursuant to the Securities Purchase Agreement, Yorkville purchased, and the Company issued, $20,000,000 in aggregate principal amount of Convertible Debentures (the “First Convertible Debenture”) on April 14, 2025 (the “First Closing”). Yorkville will purchase and the Company will issue an additional $10,000,000 in aggregate principal amount of Convertible Debentures (the “Second Convertible Debenture”) after both (i) a registration statement is filed with the SEC registering the resale of the Conversion Shares and is declared effective by the SEC and (ii) the Company has received stockholder approval either through affirmative votes in the Company’s annual meeting or irrevocable proxies to do the same by a majority of the voting power of the Company of the issuance of Conversion Shares and shares issuable pursuant to the SEPA in excess of the Exchange Cap.

The Convertible Debentures will not bear interest unless an event of default occurs and remains uncured, upon which the Convertible Debentures will bear interest at an annual rate of 18.0%. The Convertible Debentures will mature on July 14, 2026 (the “Maturity Date”). The First Convertible Debenture resulted in gross proceeds to the Company of approximately $18,000,000, representing an original issue discount of 10%. Upon issuance and sale, the Second Convertible Debenture is expected to result in gross proceeds to the Company of approximately $9,000,000, representing an original issue discount of 10%. The Company will be required to make monthly cash payments of principal in amounts between $1,000,000 and $3,000,000 (as per the schedule set forth in the First Convertible Debenture and to be set in a schedule set forth in the Second Convertible Debenture) plus a payment premium of 5% and all accrued and unpaid interest as of the date of such installment. Such payments will commence 30 days following the date of issuance of the applicable Convertible Debenture and will continue on a monthly basis thereafter until the applicable Convertible Debenture is repaid in full.

The Convertible Debentures are and will be convertible at the option of the holder