Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010353
Chunk: 12

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 12
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 time to time out of assets or funds of the Company legally available therefor, as if all shares of the Series C Preferred Stock held by such Holder had been converted into the applicable number of shares of Common Stock pursuant to Section 6on the day any such dividend was declared. 5. Amendments and Waivers. So long as any shares of Series C Preferred Stock remain outstanding, and unless a greater percentage is required by law, the Company shall not, without the affirmative vote or written consent of the Holders of 51% of the then-outstanding Series C Preferred Stock, voting separately as one class, amend, alter or change the rights, preferences or privileges of the shares of Series C Preferred Stock, or waive the compliance of any of the covenants included in this Certificate; provided, however, that the Company shall not effect any of the following matters without the consent of each Holder that is adversely affected thereby: (a) reduce the Dividend Rate or alter the timing or method of payment of any Dividends pursuant to Section 4; (b) authorize the issuance of any series of Preferred Stock of the Company that is senior to the Series C Preferred Stock with respect to any rights referenced in Section 2 of this Certificate; or (c) reduce the Original Issue Price. 6. Conversion. (a) Mandatory Conversion. (i)All shares of Series C Preferred Stock will be converted into shares of Common Stock (the “ Mandatory Conversion”) on the fifth anniversary of the Initial Issue Date. 3 (ii) Mechanics of Conversion. Prior to such date of conversion, the Company shall send all Holders written notice. Such notice will contain the time (“ Mandatory Conversion Time”) and the place designated for mandatory conversion of all such shares of Series C Preferred Stock pursuant to this Section 6(a). Such notice will be sent at least seven days in advance of the Mandatory Conversion Time. Upon receipt of such notice, each Holder that holds shares of Series C Preferred Stock in certificated form shall surrender his, her or its certificate or certificates for all such shares (or, if such holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Company to indemnify the Company against any claim that may be made against the Company on account of the alleged loss, theft or destruction of such certificate) to the Company at the place designated in such notice. If so required by the Company, any certificates surrendered for conversion shall be endorsed or accompanied by written instrument or instruments of transfer