Company: INV
Filing Date: 2025-10-08
Form Type: PRE 14A
Source: 0001140361-25-037708
Chunk: 16

Company: Innventure, Inc.
Filing Date: 2025-10-08
Form: PRE 14A
Chunk 16
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 Debentures

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TABLE OF CONTENTS

Exchange Cap, which may trigger an Amortization Event once 99% of the Common Stock available under the September 2025 Convertible Debentures Exchange Cap has been issued, and would require us to make monthly prepayments as described above. As of the close of business on the Record Date, the price of the Common Stock was $[] per share. Effect on Current Stockholders Upon stockholder approval of this Proposal 1, the issuance of shares of Common Stock under the September 2025 Convertible Debentures will not be subject to the September 2025 Convertible Debentures Exchange Cap and such issuance of shares would dilute, and thereby reduce, each existing stockholder’s proportionate ownership in the Common Stock. Because the number of shares of Common Stock that may be issued to Yorkville pursuant to the September 2025 Convertible Debentures is determined based on the price of our Common Stock at the time of issuance, the exact magnitude of the dilutive effect cannot be conclusively determined. However, the dilutive effect may be material to our current stockholders. For illustrative purposes only, the table below shows the number of shares of Common Stock that would be issuable upon conversion of the September 2025 Convertible Debentures if we issue securities at the Fixed Price, certain illustrative prices per share lower than the Fixed Price, and the Floor Price. This example is based on the conversion of the original aggregate principal amount of $15.0 million and does not reflect the conversion of any accrued but unpaid interest. As of the Record Date, the outstanding aggregate principal amount of the September 2025 Convertible Debentures was $10.0 million.

| Assumed          
 Conversion Price |     | Common Stock Issuable Upon Conversion of September 2025 Convertible Debentures |
| $1.16            |     |                                                                     12,931,035 |
| $2.00            |     |                                                                      7,500,000 |
| $3.00            |     |                                                                      5,000,000 |
| $4.00            |     |                                                                      3,750,000 |
| $5.00            |     |                                                                      3,000,000 |
| $6.00            |     |                                                                      2,500,000 |
| $7.00            |     |                                                                      2,142,858 |

Consequences of Non-Approval