Company: INV
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001628280-25-024243
Chunk: 55

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 55
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 issuance date of the Convertible Debentures (the “Issuance Date”), and 10% of the principal amount being redeemed after the twelve-month anniversary of the Issuance Date. The Convertible Debentures include a monthly repayment schedule of installment dates (the “Repayment Schedule”) on which the Company shall repay a portion of the outstanding balance of the Convertible Debentures equal to (i) the installment principal amount set forth on the Repayment Schedule, (ii) a 5% payment premium (of the principal amount being paid) and (iii) any accrued and unpaid interest as of each installment date. On April 14, 2025, we and Yorkville entered into a registration rights agreement (the “Registration Rights Agreement”) pursuant to which we are required to file a registration statement registering the resale by Yorkville of any 30 shares of Common Stock issuable upon conversion of the Convertible Debentures. We filed the registration statement on April 15, 2025 and received notice of effectiveness on April 23, 2025. Additional information concerning the Securities Purchase Agreement, Registration Rights Agreement and Convertible Debentures is contained in our Current Reports on Form 8-K filed with the SEC on March 26, 2025 and April 14, 2025, which are incorporated by reference herein. Reasons for Seeking Stockholder Approval Under Nasdaq Listing Rule 5635(d), stockholder approval is required prior to the issuance of securities in connection with a transaction (or a series of related transactions) other than a public offering involving the sale, issuance or potential issuance of Common Stock (or securities convertible into or exercisable for Common Stock) equal to 20% or more of the shares of Common Stock or 20% or more of the voting power outstanding before the issuance at a price that is less than the lower of (i) the Nasdaq Official Closing Price (as reflected on Nasdaq.com) immediately preceding the signing of the binding agreement; or (ii) the Minimum Price. On March 24, 2025, the date immediately preceding the date of the execution of the Securities Purchase Agreement, the closing price of the Common Stock was $7.93 and the average closing price of the Common Stock for the five trading days immediately preceding March 25, 2025 was $7.77. Under Nasdaq Listing Rule 5635(b), stockholder approval is required prior to the issuance of securities when the issuance or potential issuance will result in a change of control