Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 238

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 238
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 case of the Glockner Bridge Note, 1,392,059 shares of Series C Preferred Stock.

Issuance to Grail Partners

On March 24, 2025, the Company issued to affiliates of Grail Partners LLC an aggregate of 300,000 shares of

Series C Preferred Stock in settlement of amounts owed pursuant to the terms of a letter agreement under which

Grail Partners LLC would provide certain financial advisory and merchant banking services.

Issuance of Convertible Debentures and the Conversion Shares

On March 25, 2025, the Company entered into the Securities Purchase Agreement with Yorkville in connection

with the issuance and sale by the Company of the Convertible Debentures issuable in an aggregate principal amount

of up to $30,000,000, which Convertible Debentures will be convertible into Conversion Shares. Pursuant to the

Securities Purchase Agreement, Yorkville purchased, and the Company issued, $20,000,000 in aggregate principal

amount of Convertible Debentures on April 14, 2025.

II-4

Other On October 22, 2024, the Company issued the WTI Warrants as unregistered securities to WTI Fund X, LLC and WTI Fund XI, LLC, which warrants may be exercised for up to an aggregate of 1,000,000 shares of Common Stock. Each warrant is exercisable into one share of Common Stock at price of $0.01 per share (subject to certain limitations, adjustment and certain other rights to possible future financings in accordance with terms of the WTI Warrants) through March 31, 2035. On April 14, 2025, the Company issued the 2025 WTI Warrants to WTI Fund X, LLC and WTI Fund XI, LLC, respectively. Each 2025 WTI Warrant is exercisable into one share of Common Stock at a price of $0.01 per share (subject to certain limitations, adjustment and certain other rights to possible future financings in accordance with terms of the 2025 WTI Warrants) through March 31, 2035. The Company issued the foregoing securities in transactions not involving an underwriter and not requiring registration under Section 5 of the Securities Act in reliance on the exemption afforded by Section 4(a)(2) thereof or Regulation D promulgated under the Securities Act. Item 16. Exhibits The following is a list of exhibits filed as a part of this