Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 25

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 25
---
’s completed

questionnaire designed to solicit information about relationships that could have an impact on independence and (ii) using

standards required by the SEC and Nasdaq. In 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