Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010353
Chunk: 231

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 231
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 products that are granted in the ordinary course of business; and (13) other Liens securing Indebtedness or other obligations permitted under this Agreement in an aggregate outstanding amount not to exceed $200,000. “ Variable Rate Transaction” shall mean a transaction in which the Company (i) issues or sells any equity, warrants, or debt securities, in each case that are convertible into, exchangeable or exercisable for, or include the right to receive additional Common Shares either (A) at a conversion price, exercise price, exchange rate or other price that is based upon and/or varies with the trading prices of or quotations for the Common Shares at any time after the initial issuance of such security, or (B) with a conversion, exercise or exchange price that is subject to being reset at some future date after the initial issuance of such security or upon the occurrence of specified or contingent events directly or indirectly related to the business of the Company or the market for the Common Shares (including, without limitation, any “full ratchet” or “weighted average” anti-dilution provisions, but not including any standard anti-dilution protection for any reorganization, recapitalization, business combination, dividend, stock split or other similar transaction), or (ii) enters into or effects any agreement, including but not limited to an “equity line of credit,” “ATM agreement” or other continuous offering or similar offering of Common Shares; provided, however,in no event shall warrants (in a form previously provided to the Buyer) issued to WTI Fund X, Inc., WTI Fund XI, Inc., WTI Fund X, LLC or WTI Fund XI, LLC in connection with the execution of this Agreement and the transactions contemplated hereby constitute a Variable Rate Transaction. 26 (n) On any Trading Day that a Buyer sells any Conversion Shares, such Buyer shall, on such Trading Day, provide to the Company with the following information: (i) the quantity of the Conversion Shares sold by such Buyer on such day, and (ii) the average sale price of the Conversion Shares sold by such Buyer on such date. (o) At least two (2) days prior to each Closing Date, the Company shall deliver to the Buyer a disclosure schedule (the “ Disclosure Schedule”) setting forth any changes necessary to make the representations and warranties of the Company set forth in Section 3 true and correct as of such Closing Date. Notwithstanding the foregoing, (i) if the Buyer determines, in good faith, that the matters set forth in