Company: INV
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001140361-25-010351
Chunk: 227

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 227
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 to the SEPA Registration Statement. The Company agrees that for so long as any amounts remain outstanding under the Convertible Debentures, if the market value of the number of Common Shares issuable under the SEPA that remain registered for resale by Yorkville pursuant to the SEPA Registration Statement (as determined by multiplying the number of shares available for resale by the last closing price of the Common Shares) is less than 100% of the aggregate principal amount outstanding under the Convertible Debentures, then the Company shall prepare and file a new registration statement to register the resale by Yorkville of additional Common Shares issuable under the SEPA within 30 days of the first occurrence of such event, and use commercially reasonable efforts to have such registration statement declared effective by the SEC within 60 days of filing thereof. (iii) SEPA Advances. For so long as any amounts remain outstanding under the Convertible Debentures, if the Company submits an Advance Notice (as defined in the SEPA) then, unless otherwise agreed by Yorkville, (1) the Company may only request an Option 2 Pricing Period in such Advance Notice, and, (2) all of the proceeds from such Advance Notice shall be used as an Advance Payment (as defined in the Convertible Debentures), provided that, if all the following conditions have been satisfied with respect to any Advance Notice, then then the proceeds of such Advance Notice shall be paid to the Company: (A) the Commitment Amount (as defined in the SEPA) remaining available (after taking into account the subject Advance Notice) exceeds 110% of the aggregate principal amount outstanding under the Convertible Debentures, (B) all monthly payments under the Convertible Debentures that have come due and that are coming due within 31 calendar days following the closing of the subject Advance Notice shall have been repaid, (C) the market value of the number of Common Shares that remain available for issuance under the Exchange Cap (as determined by multiplying the number of shares available under the Exchange Cap by the last closing price of the Common Shares) is at least 200% of the aggregate principal amount outstanding under the Convertible Debentures, and (D) the market value of the number of Common Shares issuable under the SEPA that remain registered for resale by Yorkville pursuant to an effective registration statement (as determined by multiplying the number of shares available for resale by the last closing price of the Common Shares) is at least 200% of the aggregate principal amount outstanding under