Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 14

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 14
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 in Section 12(n) of the Existing Convertible Debentures to track the definition of Conversion Price under the New Convertible Debentures (as defined below), with a floor price of $1.59, the price equal to 20% of the Minimum Price (as calculated pursuant to the rules of the NASDAQ) of the Common Stock as of March 25, 2025, the date of the Existing Purchase Agreement; and (iv) institute a cap on the number of Existing Conversion Shares if the issuance of such Common Stock would exceed the aggregate number of Common Stock that the Company may issue in compliance with the Company’s obligations under the rules or regulations of the NASDAQ (the “Amendment Exchange Cap”). The Amendment Exchange Cap will not apply if the Company obtains the approval of its stockholders as required by the applicable rules of the NASDAQ for issuances of Common Stock in excess of such amount, or if the Company obtains a written opinion from outside counsel to the Company that such stockholder approval is not required. The Company also agreed to take all steps necessary to allow Yorkville to continue to utilize a registration statement that the Company previously filed, and is currently effective, to register the resale of the shares issued upon conversion of the Existing Convertible Debentures. 3 TABLE OF CONTENTS New Convertible Debentures On September 15, 2025, the Company entered into the Securities Purchase Agreement with Yorkville, in connection with the issuance and sale by the Company of Convertible Debentures issuable in an aggregate principal amount of up to $15,000,000 (the “New Convertible Debentures”), which New Convertible Debentures will be convertible into shares of the Company’s Common Stock (as converted, the “Conversion Shares”). Pursuant to the Securities Purchase Agreement, Yorkville purchased, and the Company issued, $10,000,000 in aggregate principal amount of New Convertible Debentures (the “Third Convertible Debenture”) on September 15, 2025, upon satisfaction of certain closing conditions in the Securities Purchase Agreement (the “First Closing Date”). The Third Convertible Debenture resulted in gross proceeds to the Company of approximately $7,000,000, representing an original issue discount of 10% and including the $2,000,000 September Payment. Yorkville will purchase and the Company will issue an additional $5,000,000 in aggregate principal amount of New Convertible Debentures (the “Fourth Convertible Debent