Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010353
Chunk: 144

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 144
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) of in excess of fifty percent (50%) of the voting power of the Company (except that the acquisition of voting securities by the Holder or any other current holder of convertible securities of the Company shall not constitute a Change of Control Transaction for purposes hereof), (b) the closing of any privatization (i.e., a take-private transaction), (c) the closing of a transaction that constitutes a management buyout of the existing stockholders or the closing of a transaction that constitutes a stockholder buyout in which one or more stockholders that previously had a controlling interest in Company acquire the interests of all of the non-controlling stockholders, (d) the closing of any sale, lease, license, transfer or other disposition or sale of all or substantially all of the assets of the Company in one or a series of related transactions, or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth above in (a) or (b). No transfer to a wholly-owned Subsidiary shall be deemed a Change of Control Transaction under this provision. (g) “ Closing Price” means the price per share in the last reported trade of the Common Shares on a Principal Market or on the exchange which the Common Shares is then listed as quoted by Bloomberg. (h) “ Commission” means the Securities and Exchange Commission. (i) “ Common Shares” means the shares of common stock, par value $0.0001, of the Company and stock of any other class into which such shares may hereafter be changed or reclassified. (j) “ Conversion Amount” means the portion of the Principal, Interest, or other amounts outstanding under this Note to be converted, redeemed or otherwise with respect to which this determination is being made. (k) “ Conversion Date” shall have the meaning set forth in Section (3)(b)(i). (l) “ Conversion Failure” shall have the meaning set forth in Section (3)(b)(ii). (m) “ Conversion Notice” shall have the meaning set forth in Section (3)(b)(i). 15 (n) “ Conversion Price” means, as of any Conversion Date or other date of determination, $10.00 per Common Share, provided that, on each of [____] 2(the “ First Reset Date”) and [____] 3(the “ Second Reset Date” and collectively, a “ Reset Date”) the Conversion Price shall be adjusted (