Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 16

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 16
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. Pursuant to

the Series C Preferred Certificate of Designation, the shares of Series C Preferred Stock have a maturity date five

years after the Series C Closing Date and carry an annual 8.0% cumulative dividend, which will be paid prior to and

in preference over any Junior Stock or Parity Stock (each as defined below). On the last day of the last quarter in

each fiscal year of the Company, such dividends will be made as a payment in kind.. “Junior Stock” means (i) the

Common Stock, (ii) any other preferred stock, other than the Company’s Series B preferred stock, par value $0.0001

per share (“Series B Preferred Stock”), and (ii) any other equity interest of the Company, in each case which by its

terms ranks junior to the Series C Preferred Stock with respect to payment of dividends and/or distribution of assets.

“Parity Stock” means the Company’s Series B Preferred Stock and any equity interest of the Company hereinafter

created which by its terms ranks pari passu with the Series C Preferred Stock.

With respect to (i) payment of dividends, (ii) distribution of assets and (iii) all other liquidation, winding up,

dissolution, dividend and redemption rights, the Series C Preferred Stock shall rank pari passu in priority of payment

to all Parity Stock and senior in priority of payment to all Junior Stock in any liquidation, dissolution, winding up or

distribution of the Company, and junior to any existing or future secured or unsecured indebtedness and other

liabilities (including trade payables) of the Company. Per each whole share of Series C Preferred Stock, the holders

of Series C Preferred Stock will be entitled to cast the number of votes equal to (i) the original issue price, which is

$10.00 (the “Original Issue Price”), divided by (ii) the Minimum Price (as defined in NASDAQ Listing Rule

5635(d)) of Common Stock as of the Initial Issue Date (as determined by reference to the NASDAQ Official Closing

Price) and will vote with the holders of the Common Stock as a single class and on an as-converted basis, except as

provided by law or applicable NASDAQ listing rules.

5

Shares of Series C Preferred Stock are subject to (i) a mandatory conversion on the date that is five years after

original issuance (the “Series C Maturity Date”) and (ii) an optional conversion, at