Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010351
Chunk: 27

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 27
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1.01. “ Sanctioned Countries” shall have the meaning set forth in Section 1.01. “ SEC” shall mean the U.S. Securities and Exchange Commission. “ SEC Documents” shall have the meaning set forth in Section 4.05. “ Securities Act” shall have the meaning set forth in the recitals of this Agreement. “ Settlement Document” shall have the meaning set forth in Section 2.02(a). “ Shares” shall mean the Commitment Shares and the Common Shares to be issued from time to time hereunder pursuant to an Advance. “ Subsidiaries” shall mean any Person in which the Company, directly or indirectly, (x) owns a majority of the outstanding capital stock or holds a majority of the equity or similar interest of such Person or (y) controls or operates all or substantially all of the business, operations or administration of such Person, and the foregoing are collectively referred to herein as “ Subsidiaries.” “ Trading Day” shall mean any day during which the Principal Market shall be open for business. “ Transaction Documents” shall have the meaning set forth in Section 4.02. “ VWAP” shall mean for any Trading Day, the daily volume weighted average price of the Common Shares for such Trading Day on the Principal Market during regular trading hours as reported by Bloomberg L.P. or, for a specified period, the volume weighted average price of the Common Shares on the Principal Market, for such period as reported by Bloomberg L.P. through its “AQR” function. Article II. Advances Section 2.01 Advances; Mechanics. Upon the terms and subject to the conditions of this Agreement, during the Commitment Period, the Company, at its sole discretion, shall have the right, but not the obligation, to issue and sell to the Investor, and the Investor shall purchase from the Company, Advance Shares by the delivery to the Investor of Advance Notices on the following terms:

| (a) | Advance Notice. At any time during the Commitment Period the Company may require the Investor to purchase Shares by delivering an Advance Notice to the Investor, subject to the satisfaction or waiver 
 by the Investor of the conditions set forth in Section 7.01, and in accordance with the following provisions:                                                                                           |

| (i) | The Company shall, in its sole discretion, select the number of Advance Shares, not to exceed the Maximum Advance Amount, it desires to issue and sell to the Investor in each Advance Notice and the time it 
 desires to deliver each