Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 143

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 143
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communication as authorized by and in accordance with the DGCL.

Anti-Takeover Effects of Innventure’s A&R Certificate of Incorporation and Bylaws and Certain Provisions

of Delaware Law

The A&R Certificate of Incorporation and Bylaws contain and the DGCL contains provisions, which are

summarized in the following paragraphs, that are intended to enhance the likelihood of continuity and stability in the

composition of the Board. These provisions are intended to avoid costly takeover battles, reduce Innventure’s

vulnerability to a hostile change of control and enhance the ability of the Board to maximize stockholder value in

connection with any unsolicited offer to acquire Innventure. However, these provisions may have an anti-takeover

effect and may delay, deter or prevent a merger or acquisition of Innventure by means of a tender offer, a proxy

contest or other takeover attempt that a stockholder might consider in its best interest, including those attempts that

might result in a premium over the prevailing market price for the shares of Common Stock held by stockholders.

Authorized but Unissued Capital Stock

Delaware law does not require stockholder approval for any issuance of authorized shares. However, the listing

requirements of NASDAQ, which would apply if and so long as Common Stock remains listed on NASDAQ,

require stockholder approval of certain issuances equal to or exceeding 20% of the then outstanding voting power or

then outstanding number of shares of common stock. Additional shares that may be used in the future may be issued

for a variety of corporate purposes, including future public offerings, to raise additional capital or to facilitate

acquisitions.

The Board may generally issue preferred shares on terms calculated to discourage, delay or prevent a change of

control of Innventure or the removal of Innventure’s management. Moreover, Innventure’s authorized but unissued

shares of preferred stock will be available for future issuances without stockholder approval and could be utilized for

a variety of corporate purposes, including future offerings to raise additional capital, to facilitate acquisitions and

employee benefit plans.

One of the effects of the existence of unissued and unreserved Common Stock or preferred stock may be to

enable the Board to issue shares to persons friendly to current management, which issuance could render more

difficult or discourage an attempt to obtain control of Innventure by means of a merger, tender offer, proxy contest

or otherwise, and thereby protect the continuity of Innventure’s management and possibly deprive Innventure’s

stockholders of opportunities to