Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010351
Chunk: 148

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 148
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 ACT OF 1933, AS AMENDED (THE “ SECURITIES ACT”) OR ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF COUNSEL IN A FORM REASONABLY ACCEPTABLE TO COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED DUE TO AN EXEMPTION THEREFROM UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS. Date of Issuance: [_], 2025 WARRANT TO ACQUIRE SECURITIES OF INNVENTURE, INC. (Void after March 31, 2035) This certifies that WTI Fund X, LLC, a Delaware limited liability company, or assigns (“ Holder”), for value received, is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, to acquire from INNVENTURE, INC., a Delaware corporation formerly known as Learn SPAC Holdco, Inc. (“ Company”), the Applicable Number (hereinafter defined) of fully paid and nonassessable shares of, at Holder’s option, either (i) the common stock of Company (“ Common Stock”) or (ii) any Subsequent Round Stock (hereinafter defined) of Company (the Common Stock and the Subsequent Round Stock, as applicable, are sometimes referred to herein as the “ Warrant Stock”), for cash, at a purchase price equal to $0.01 per share (the “ Stock Purchase Price”). Holder may also exercise this Warrant on a cashless or “net issuance” basis as described in Section 1(b) below. Capitalized terms used herein and not otherwise defined in this Warrant shall have the meaning(s) ascribed to them in the Loan and Security Agreement, dated as of October 22, 2024, by and between Company, WTI Fund X, Inc. and WTI Fund XI, Inc. (the “ Loan Agreement”). “ Applicable Number” means the number of shares of Warrant Stock acquirable hereunder obtained by dividing (A) $2,250,000 (the “ Coverage Amount”), by (B) the Exercise Price (hereinafter defined). If in any case the Applicable Number includes a fraction then the fraction shall be rounded down to the closest integral number. “ Exercise Price” means: (i) if Holder chooses for this Warrant to be exercisable for Common Stock, the VWAP (here