Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 11

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 11
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 $25,000 and (ii) commitment fee in an amount equal to $375,000 (the “Commitment Fee”).

Each advance the Company issues in writing to Yorkville under the SEPA (each, an “Advance,” and notice of

such request, an “Advance Notice”) may be in an amount of Common Stock up to the greater of (i) $10.0 million or

(ii) the aggregate daily trading volume of Common Stock for the five trading days prior to the Company requesting

an Advance. The purchase price for the shares of Common Stock set forth in the Advance is determined by

multiplying the market price of Common Stock by either (a) 95% of the daily volume weighted average price

(“VWAP”) during the applicable one-day pricing period or (b) 97% of the lowest daily VWAP during the applicable

three consecutive trading day pricing period. The applicable pricing period depends on the type of Advance Notice

selected by the Company under the SEPA. As discussed below, the Company may establish a minimum acceptable

price in each Advance Notice below which the Company will not be obligated to make any sales to Yorkville.

Any purchase under an Advance would be subject to certain limitations and conditions, depending on selections

set forth in the applicable Advance, including the following:

• Exchange Cap: Yorkville shall not purchase or acquire any shares of Common Stock pursuant to the SEPA

that would result in it and its affiliates (on an aggregated basis) beneficially owning more than 9.99% of the

then outstanding voting power or number of shares of Common Stock or any shares of Common Stock that,

aggregated with shares issued under all other earlier Advances, would exceed 19.99% of all shares of

Common Stock outstanding on the Closing Date (which number shall be reduced, on a share-for-share

basis, by the number of shares of Common Stock issued or issuable pursuant to any transaction or series of

transactions that may be aggregated with the transactions contemplated by the SEPA under applicable

NASDAQ rules) (the “Exchange Cap”), unless the Company obtains stockholder approval to issue shares

of Common Stock in excess of the Exchange Cap in accordance with applicable NASDAQ rules or certain

other requirements are met;

• Registration Limitation: In no event shall an Advance exceed the amount of shares of Common Stock

registered under an effective registration statement that provides for the resale from time to time of the

shares of Common Stock sold pursuant the SEPA;

• Volume