Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 13

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 13
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 Debentures) plus a payment premium of 5% and all accrued and unpaid interest as of the date of such installment. Such payments commenced 30 days following the date of issuance of the applicable Convertible Debenture and continued until the September Payment (as defined below) on September 15, 2025. In addition, no conversion is permitted to the extent that, after giving effect to such conversion, the holder together with the certain related parties would beneficially own in excess of 4.99% of the Common Stock outstanding immediately after giving effect to such conversion, subject to certain adjustments. The Existing Convertible Debentures provide the Company, subject to certain conditions, with an optional redemption right pursuant to which the Company, upon 10 trading days’ prior written notice to Yorkville (the “Redemption Notice”), can redeem in cash, in whole or in part, all amounts outstanding under the Existing Convertible Debentures prior to the Existing Debentures Maturity Date. The redemption amount is equal to the outstanding principal balance being redeemed by the Company, plus the redemption premium of 5% of the principal amount being redeemed if completed on or before the twelve month anniversary of the issuance date, or 10% of the principal amount being redeemed if completed after the twelve month anniversary of the issuance date, plus all accrued and unpaid interest as of the date of such redemption. On June 4, 2025, Yorkville and the Company entered into an amendment to the Existing Convertible Debentures, pursuant to which the parties agreed to amend the definition of “Conversion Price.” On September 15, 2025, Yorkville and the Company entered into an additional amendment (the “Amendment”) to the Existing Convertible Debentures, pursuant to which the parties agreed to (i) remove the monthly cash payments set forth in the Existing Convertible Debentures in Section 1(c) and Exhibit I, following the repayment of the approximately $2,000,000 due on September 14, 2025 pursuant to the Existing Convertible Debentures (the “September Payment”), which September Payment did not include any premium and was deducted from the gross proceeds received by the Company from the issuance of the Third Convertible Debenture (as defined below) on September 15, 2025; (ii) introduce cash payments only in connection with an Amortization Event (as defined in the Convertible Debentures); (iii) amend the definition of “Conversion Price” as set forth