Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 52

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 52
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 remain

available for issuance under the Convertible Debenture Exchange Cap (as defined below) is at least 200% of the aggregate

principal amount outstanding under the Convertible Debentures, and (D) the market value of the number of shares of

Common Stock issuable under the SEPA that remain registered for resale by Yorkville pursuant to an effective registration

statement is at least 200% of the aggregate principal amount outstanding under the Convertible Debentures.

Additional information concerning the SEPA is contained in our 2024 Annual Report and is incorporated by

reference herein.

**27

Reasons for Seeking Stockholder Approval**

Under Nasdaq Listing Rule 5635(d), stockholder approval is required prior to the issuance of securities in

connection with a transaction (or a series of related transactions) other than a public offering involving the sale, issuance or

potential issuance of Common Stock (or securities convertible into or exercisable for Common Stock) equal to 20% or

more of the shares of Common Stock or 20% or more of the voting power outstanding before the issuance at a price that is

less than the lower of (i) the Nasdaq Official Closing Price (as reflected on Nasdaq.com) immediately preceding the

signing of the binding agreement; or (ii) the average Nasdaq Official Closing Price of the Common Stock (as reflected on

Nasdaq.com) for the five trading days immediately preceding the signing of the binding agreement (the “Minimum Price”).

On October 23, 2023, the date immediately preceding the date of the execution of the SEPA, our Common Stock was not

yet trading on Nasdaq.

Under Nasdaq Listing Rule 5635(b), stockholder approval is required prior to the issuance of securities when the

issuance or potential issuance will result in a change of control of a company. This rule does not specifically define when a

change in control of a company may be deemed to occur for this purpose; however, Nasdaq suggests in its guidance that a

change of control would occur, subject to certain limited exceptions, if after a transaction an investor (or a group of

investors) would own or have the right to acquire 20% or more of a company’s then-outstanding capital stock.

Until this Proposal 3 is approved by our stockholders, Yorkville may not purchase more than 9,899,582 shares of

Common Stock pursuant to the SEPA, representing 19.99% of the