Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 58

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 58
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 approval under this Proposal 4 to issue shares of Common Stock in excess

of the Convertible Debentures Exchange Cap, if necessary, to Yorkville under the terms of the Convertible Debentures.

The failure of our stockholders to approve this Proposal 4 will prevent us from issuing shares of Common Stock to

Yorkville in excess of the Convertible Debentures Exchange Cap, which may require us to make monthly prepayments as

described above. As of the close of business on the Record Date, the price of the Common Stock was $4.42 per share.

**Effect on Current Stockholders**

Upon stockholder approval of this Proposal 4, the issuance of shares of Common Stock under the Convertible

Debentures will not be subject to the Convertible Debentures Exchange Cap and such issuance of shares would dilute, and

thereby reduce, each existing stockholder’s proportionate ownership in the Common Stock. Because the number of shares

of Common Stock that may be issued to Yorkville pursuant to the Convertible Debentures is determined based on the price

of our Common Stock at the time of issuance, the exact magnitude of the dilutive effect cannot be conclusively determined.

However, the dilutive effect may be material to our current stockholders.

For illustrative purposes only, the table below shows the number of shares of Common Stock that would be

issuable upon conversion of Convertible Debentures if we issue securities at an effective price per share that is lower than

$10.00 per share, thereby resulting in the issuance of more than 9,415,549 shares of Common Stock. This example is based

on the conversion of the original aggregate principal amount of $30.0 million and does not reflect the conversion of any

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accrued but unpaid interest. As of the Record Date, the outstanding aggregate principal amount of the Convertible Debentures was $20.0 million.

| Assumed Conversion Price |     | Common Stock Issuable Upon Conversion of Convertible Debentures |
| $3.00                    |     |                                                      10,000,000 |
| $4.00                    |     |                                                       7,500,000 |
| $5.00                    |     |                                                       6,000,000 |
| $6.00                    |     |                                                       5,000,000 |
| $7.00                    |     |                                                       4,285,714 |
| $8.00                    |