Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010351
Chunk: 177

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 177
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 the trading day immediately prior to the date of the Holder’s election hereunder. (ii) If (i) is not applicable, the Per Share Price shall be the price per share determined in good faith by the Board of Directors of Company (the “ Board”) based on relevant facts and circumstances at the time of the net exercise under Section 1(b), including in the case of a Liquidity Event the consideration receivable by the holders of the Warrant Stock in such Liquidity Event and the liquidation preference (including any declared but unpaid dividends), if any, then applicable to the corresponding Warrant Stock. (d) Notwithstanding anything herein to the contrary, Company shall not issue to Holder any Warrant Stock to the extent such shares after giving effect to such issuance after exercise and when added to the number of shares of Common Stock (1) issued or issuable upon exercise of the Warrant to Acquire Securities of Innventure, Inc., dated October 22, 2024, by and between Company and WTI FUND X, LLC, (2) issued or issuable upon exercise of the Warrant to Acquire Securities of Innventure, Inc., dated October 22, 2024, by and between Company and WTI FUND XI, LLC, (3) issued and issuable upon conversion of any shares of Series B preferred stock issued pursuant to the Investment Agreement, dated September 27, 2024, by and among Learn SPAC Holdco, Inc. and the purchasers listed on Schedule I thereto, (4) issued or issuable upon exercise of the Warrant to Acquire Securities of Innventure, Inc., dated March 31, 2025, by and between Company and WTI Fund X, LLC, and (5) issued and issuable in connection with any other transaction that would result in the number of shares of Common Stock issued in private offerings exceeding the aggregate number of Common Stock the Company is permitted to issue under the Nasdaq Stock Market rules without obtaining Stockholder Approval (hereinafter defined), would: (i) result in Holder (together with Holder’s affiliates) (a) beneficially owning in excess of 19.99% of the number of shares of Common Stock outstanding immediately after giving effect to such issuance (the “ Maximum Aggregate Ownership Amount”) or (b) controlling in excess of 19.99% of the total voting power of Company’s securities outstanding immediately after giving effect to such issuance that are entitled to vote on a matter being voted on by