Company: INV
Filing Date: 2025-11-12
Form Type: 8-K
Source: 0001628280-25-051586
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Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 8-K
Item: Item 1.01
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Item 1.01

Entry into a Material Definitive Agreement.

Issuance of Fourth Convertible Debenture

As previously disclosed in the Current Report on Form 8-K filed by Innventure, Inc., a Delaware corporation (the “ Company”), with the Securities and Exchange Commission (the “ SEC”) on September 16, 2025, the Company entered into a securities purchase agreement (the “ Purchase Agreement”) with YA II PN, Ltd. (“ Yorkville”), for the issuance and sale by the Company of convertible debentures (the “ Convertible Debentures”) issuable in an aggregate principal amount of up to $15,000,000, which Convertible Debentures are convertible into shares of the Company’s common stock, par value $0.0001 per share (the “ Common Stock”) (as converted, the “ Conversion Shares”). On September 15, 2025, the Company issued a Convertible Debenture to Yorkville with a principal amount of $10,000,000, resulting in gross proceeds to the Company of approximately $7,000,000, representing an original issue discount of 10% and including a concurrent $2,000,000 payment to Yorkville (as described previously).

On November 12, 2025, the Company issued a Convertible Debenture to Yorkville with a principal amount of $5,000,000 (the “ Fourth Convertible Debenture”). The Fourth Convertible Debenture will bear interest at an annual rate of 5.0%, unless an event of default occurs and remains uncured, upon which the Fourth Convertible Debenture will bear interest at an annual rate of 18.0%. The Fourth Convertible Debenture will mature on September 15, 2026 (the “ Maturity Date”). The Fourth Convertible Debenture resulted in gross proceeds to the Company of approximately $4,500,000 (including the original issue discount of 10%). With respect to the Fourth Convertible Debenture, the Company will not be required to make monthly cash payments unless an Amortization Event (as defined below) has occurred and then the Company will make monthly cash payments each month until the earlier of (i) the entire outstanding amount under the Fourth Convertible Debenture has been repaid or (ii) the Amortization Event ceases, as provided in the Fourth Convertible Debenture. An “ Amortization Event” means (i) the daily