Company: INV
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001628280-25-024239
Chunk: 51

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 51
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 defined below) is at least 200% of the aggregate principal amount outstanding under the Convertible Debentures, and (D) the market value of the number of shares of Common Stock issuable under the SEPA that remain registered for resale by Yorkville pursuant to an effective registration statement is at least 200% of the aggregate principal amount outstanding under the Convertible Debentures. Additional information concerning the SEPA is contained in our 2024 Annual Report and is incorporated by reference herein. 27 Reasons for Seeking Stockholder Approval Under Nasdaq Listing Rule 5635(d), stockholder approval is required prior to the issuance of securities in connection with a transaction (or a series of related transactions) other than a public offering involving the sale, issuance or potential issuance of Common Stock (or securities convertible into or exercisable for Common Stock) equal to 20% or more of the shares of Common Stock or 20% or more of the voting power outstanding before the issuance at a price that is less than the lower of (i) the Nasdaq Official Closing Price (as reflected on Nasdaq.com) immediately preceding the signing of the binding agreement; or (ii) the average Nasdaq Official Closing Price of the Common Stock (as reflected on Nasdaq.com) for the five trading days immediately preceding the signing of the binding agreement (the “Minimum Price”). On October 23, 2023, the date immediately preceding the date of the execution of the SEPA, our Common Stock was not yet trading on Nasdaq. Under Nasdaq Listing Rule 5635(b), stockholder approval is required prior to the issuance of securities when the issuance or potential issuance will result in a change of control of a company. This rule does not specifically define when a change in control of a company may be deemed to occur for this purpose; however, Nasdaq suggests in its guidance that a change of control would occur, subject to certain limited exceptions, if after a transaction an investor (or a group of investors) would own or have the right to acquire 20% or more of a company’s then-outstanding capital stock. Until this Proposal 3 is approved by our stockholders, Yorkville may not purchase more than 9,899,582 shares of Common Stock pursuant to the SEPA, representing 19.99% of the shares of Common Stock outstanding as of the date of the Closing of the Business Combination. Stockholder approval of this Proposal 3 will constitute stockholder approval for purposes of Nasdaq Listing Rules 5635(d