Company: INV
Filing Date: 2025-09-16
Form Type: 8-K
Source: 0002001557-25-000007
Chunk: 1

Company: Innventure, Inc.
Filing Date: 2025-09-16
Form: 8-K
Item: Item 1.01
Chunk 1
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 defined below) divided by the Conversion Price (as defined below). The conversion price for the Convertible Debentures will be the lower of (i) $7.00 per share of Common Stock (the “ Fixed Price”), or (ii) 95% of the lowest daily VWAP (as defined below) of the Common Stock during the five consecutive trading days immediately preceding conversion date or other date of determination (the “ Variable Price” and the applicable purchase price, the “ Conversion Price”), but which Variable Price shall not be lower than the Floor Price (as defined below) then in effect. The Floor Price is $1.16, the price equal to 20% of the Minimum Price of the Common Stock (as calculated pursuant to the rules of the Nasdaq Stock Market). Any portion of the Convertible Debentures may be converted at any time and from time to time, subject to the Exchange Cap (as defined below). The Conversion Amount with respect to any requested conversion will equal the principal amount requested to be converted plus all accrued and unpaid interest on the Convertible Debentures as of such conversion, with fractional shares rounded up (the “ Conversion Amount”). In addition, no conversion will be permitted to the extent that, after giving effect to such conversion, the holder together with the certain related parties would beneficially own in excess of 4.99% of the Common Stock outstanding immediately after giving effect to such conversion, subject to certain adjustments.

The Company shall not issue any Common Stock upon conversion of the Convertible Debentures held by Yorkville if the issuance of such Common Stock underlying the Convertible Debentures would exceed the aggregate number of Common Stock that the Company may issue upon conversion of the Convertible Debentures in compliance with the Company’s obligations under the rules or regulations of the Nasdaq Stock Market (the “ Exchange Cap”). The Exchange Cap will not apply if the Company obtains the approval of its stockholders as required by the applicable rules of the Nasdaq Stock Market for issuances of Common Stock in excess of such amount.

The Company will not be required to make monthly cash payments pursuant to the Convertible Debentures unless an Amortization Event (as defined below) has occurred and then the Company will make monthly cash payments each month until the earlier of (i) the entire outstanding amount under the Convertible Debentures have been repaid or (ii) the Amortization Event ceases, as provided in the Convertible Debentures. An “ Amortization Event” means (