Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010353
Chunk: 226

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 226
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 number of Common Shares authorized to be issued is not sufficient to meet the Required Reserve Amount, the Company will promptly take all corporate action necessary to authorize and reserve a sufficient number of shares, including, without limitation, calling a special meeting of stockholders to authorize additional shares to meet the Company's obligations pursuant to the Transaction Documents, in the case of an insufficient number of authorized shares, recommending that stockholders vote in favor of an increase in such authorized number of shares sufficient to meet the Required Reserve Amount. (i) Conduct of Business. The business of the Company and its Subsidiaries shall not be conducted in violation of any law, ordinance or regulation of any Governmental Entity, except where such violations would not reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect. (j) Covenants relating to the SEPA. (i) SEPA Exchange Cap. In connection with the Standby Equity Distribution Agreement entered into between the Company and YA II PN, Ltd. (“ Yorkville”) on October 24, 2023 (the “ SEPA”), the Company shall not effect any sales under the SEPA to the extent that the aggregate number of Common Shares issued thereunder would exceed 9,899,582 Common Shares (the “ SEPA Exchange Cap”), subject to certain exceptions in accordance with the rules and regulations of the Principal Market. The Company will use commercially reasonable efforts to include in its proxy statement for its next annual meeting of stockholders a proposal for the purpose of seeking the approval of its stockholders as required by the applicable rules of the Principal Market, for issuances of shares issuable pursuant to the SEPA and the Conversion Shares in excess of the Exchange Cap (such approval by the stockholders, an “ Affirmative Vote”). For purposes of this Agreement “ Stockholder Approval” shall mean the earlier of (a) an Affirmative Vote, and (b) irrevocable proxies of a majority of the Company’s stockholders indicating their intention to support an Affirmative Vote. 23 (ii) SEPA Registration Statement. The Company filed a registration statement (File No. 333-282971) (the “ SEPA Registration Statement”) for the resale by Yorkville of up to 4,418,307 Common Shares issuable pursuant to the SEPA. As of the date hereof, 4,209,314 Common Shares issuable under the SEPA remain registered for resale by Yorkville pursuant to the SEPA Registration Statement. The Company