Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 51

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 51
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 of Common Stock under the SEPA without obtaining stockholder approval, or 19.99% of the shares of Common

Stock outstanding as of the date of the Closing of the Business Combination (the “SEPA Exchange Cap”). The SEPA

Exchange Cap will not apply under certain circumstances, including if our stockholders have approved issuances in excess

of the SEPA Exchange Cap in accordance with the rules of Nasdaq or the average price of all applicable sales of Common

Stock under the SEPA equals or exceeds certain minimum prices.

As consideration for Yorkville’s commitment to purchase shares of Common Stock at our direction upon the

terms and subject to the conditions set forth in the SEPA, we paid Yorkville certain fees, including a commitment fee in an

amount equal to $375,000.

Yorkville’s obligation to purchase shares of Common Stock pursuant to the SEPA is subject to a number of

conditions, including that a registration statement be filed with the SEC, registering the shares to be issued pursuant to an

Advance under the Securities Act, and that the Registration Statement is declared effective by the SEC. We filed the

registration statement on November 4, 2024, and received notice of effectiveness on November 12, 2024. Furthermore, we

filed a post-effective amendment to the registration statement on April 15, 2025, which was declared effective on April 23,

2025.

In connection with the entry into the Securities Purchase Agreement (as defined below), we agreed that for so long

as any amounts remain outstanding under the Convertible Debentures, if we request an Advance then, unless otherwise

agreed by Yorkville, (1) we may only request an Option 2 Pricing Period in such Advance, and, (2) all of the proceeds from

such Advance 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, then then the proceeds of such Advance shall be

paid to us: (A) the Commitment Amount remaining available (after taking into account the subject Advance) 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 shall have been repaid, (C) the market value of the number of shares of Common Stock that