Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 148

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 148
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, to the fullest extent permitted by law, any person who is or was a

party or is threatened to be made a party to any action, suit or proceeding, by reason of the fact that he or she is or

was one of our directors or officers or is or was serving at our request as a director or officer of another corporation,

partnership, joint venture, trust or other enterprise. Our Bylaws also provide that we must advance expenses incurred

by or on behalf of a director or officer in advance of the final disposition of any action or proceeding, subject to very

limited exceptions.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers

or persons controlling Innventure pursuant to the foregoing provisions, we have been informed that, in the opinion

of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore

unenforceable.

The limitation of liability, advancement and indemnification provisions in the A&R Certificate of Incorporation

and the Bylaws may discourage stockholders from bringing a lawsuit against directors or officers for breach of their

fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against

directors and officers, even though such an action, if successful, might otherwise benefit Innventure and its

stockholders. In addition, your investment may be adversely affected to the extent Innventure pays the costs of

settlement and damage awards against directors and officers pursuant to these indemnification provisions.

87

DESCRIPTION OF INNVENTURE WARRANTS

The Company assumed the Warrant Agreement and the outstanding Learn CW Warrants, and, as a result, such

warrants were, pursuant to their terms, converted into Innventure Warrants.

Each whole Innventure Warrant entitles the registered holder to purchase one share of Common Stock at a price

of $11.50 per share, subject to adjustment as discussed below, except as discussed in the immediately following

paragraph. Pursuant to the Warrant Agreement, an Innventure Warrant holder may exercise its Innventure Warrants

only for a whole number of shares of Common Stock. This means only a whole Innventure Warrant may be

exercised at a given time by an Innventure Warrant holder. The Innventure Warrants will expire on October 2, 2029,

at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

We will not be obligated to deliver any Common