Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010353
Chunk: 149

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 149
---
’s Common Stock over the thirty (30) Trading Days (hereinafter defined) ending on the Trading Day immediately preceeding the date of this Warrant (the “Initial Exercise Price”); provided, however, that if, as of the date which is eighteen (18) months after the date of this Warrant, the VWAP of Company’s Common Stock over the five (5) Trading Days ending on the Trading Day immediately preceding such eighteen (18) month anniversary is less than the Initial Exercise Price then the Exercise Price shall be reduced to such lower VWAP; or (ii) if Holder chooses for this Warrant to be exercisable for Subsequent Round Stock, the corresponding Subsequent Round Price (hereinafter defined). “ VWAP” means, for Company’s Common Stock for a specified period, the dollar volume-weighted average price for such Common Stock on the Principal Market (hereinafter defined), for such period, as reported by Bloomberg through its “AQR” function, subject to appropriate adjustments for any stock dividend, stock split, stock combination, recapitalization or other similar transaction during such period. “ Trading Day” means any day on which the Principal Market is open for trading (regular way), including any day on which it is open for trading (regular way) for a period of time less than the customary time. “ Principal Market” means the principal national securities exchange on which Company’s Common Stock is then listed or traded. “ Subsequent Round Price” means the lowest price per share paid by any Person for Company’s equity securities (as applicable, the “ Subsequent Round Stock”) issued in a corresponding Subsequent Round (hereinafter defined), including for this purpose the value of all consideration given by any Person for such equity securities and specifically including any discounts afforded to any Person upon conversion of any convertible security (e.g., a promissory note or a “simple agreement for future equity” (i.e., a SAFE)) held by any such Person in connection with the corresponding Subsequent Round or otherwise. “ Subsequent Round” means each and every round of equity financing after the date hereof where either (x) Company receives gross cash proceeds of at least $10,000,000 in a single transaction or series of related transactions, (y) there are punitive terms (e.g., a round of financing that effectuates a recapitalization of Company) or (z) the securities Company sells or issues have a liquidation preference, and in each case, includes (and Holder shall be