Company: INV
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001628280-25-024243
Chunk: 25

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 25
---
 making these determinations, the Board considered the current and prior relationships that each non-employee director has with Innventure and all other facts and circumstances the Board deemed relevant in determining a director nominee’s independence, including the beneficial ownership of our capital stock by each non-employee director. 12 Director Nominations The N&CG Committee is responsible for identifying and reviewing the qualifications of potential director candidates and recommending to the Board those individuals for election to Innventure’s Board. The N&CG Committee recommends directors who have the experience, qualifications, skills and attributes to guide the Company and function effectively. The N&CG Committee is also responsible for making recommendations to the Board of the criteria to be used by the N&CG Committee in seeking nominees for election to the Board. Agreements to Nominate Certain Directors Mr. Hennessy is a director designated by Learn CW pursuant to the Business Combination Agreement. Additionally, in connection with the completion (the “Closing”) of the business combination on October 2, 2024 (the “Business Combination”) by and between Learn CW Investment Corporation, a Cayman Islands exempted company (“Learn CW”), Innventure LLC, a Delaware limited liability company, Learn SPAC HoldCo, Inc., a Delaware corporation (“Holdco”), LCW Merger Sub, Inc., a Delaware corporation (LCW Merger Sub”), and Innventure Merger Sub, LLC, a Delaware limited liability company (“Innventure Merger Sub”) and the other transactions contemplated (the “Transactions”) by the Business Combination Agreement (the “Business Combination Agreement”), dated October 24, 2023, by and among Learn CW, Innventure LLC, Holdco, LCW Merger Sub, and Innventure Merger Sub, the Company, certain of the members of Innventure LLC (the “Founding Investors”) and other parties entered into the Amended & Restated Investor Rights Agreement (the “Investor Rights Agreement” or “IRA”). Pursuant to the Investor Rights Agreement, the Company agreed to grant the Founding Investors certain rights with respect to nomination of the directors of the Board, as further described below. Pursuant to the Investor Rights Agreement, at each annual meeting or special meeting of stockholders of the Company at which directors are to be elected, the Founding Investors will have the right to nominate for election to the Board a number of nominees (“Founding Investor Nominees”). The number of Founding Investor Nominees with respect to any meeting of stockholders at which directors are to be elected will be