Company: INV
Filing Date: 2025-03-26
Form Type: 8-K
Source: 0001140361-25-010344
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Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

Securities Purchase Agreement and Convertible Debentures

On March 25, 2025 (the “ Agreement Date”), Innventure, Inc., a Delaware corporation (the “ Company”), entered into a securities purchase agreement (the
“ Purchase Agreement”) with YA II PN, Ltd. (“ Yorkville”), in connection with the issuance and sale by the Company of convertible debentures (the “ Convertible Debentures”) issuable in an aggregate principal amount of up to $30,000,000 (the
“ Subscription Amount”), which Convertible Debentures will be convertible into shares of the Company’s common stock, par value $0.0001 per share (the “ Common Stock”) (as converted, the “ Conversion Shares”). Pursuant to the Purchase Agreement,
Yorkville will purchase, and the Company will issue, $20,000,000 in aggregate principal amount of Convertible Debentures on the first business day after certain closing conditions are satisfied (the “ First Closing Date”), including the timely
filing of its Annual Report on Form 10-K for the year ended December 31, 2024 (the “ First Closing”). Yorkville will purchase and the Company will issue an additional $10,000,000 in aggregate principal amount of Convertible Debentures after both
(i) the registration statement is filed with the Securities and Exchange Commission (the “ SEC”) registering the resale of the Conversion Shares is declared effective by the SEC and (ii) the Company has received stockholder approval either through
affirmative votes in the Company’s annual meeting or irrevocable proxies to do the same by a majority of the voting power of the Company (“ Stockholder Approval”) of the issuance of Conversion Shares and shares issuable pursuant to the Company’s
Standby Equity Purchase Agreement, dated October 24, 2023, with Yorkville in excess of the Exchange Cap (as defined below) (the “ Second Closing”). If the First Closing does not occur by April 17, 2025, the parties may terminate their obligations
under the Purchase Agreement.

The Convertible Debentures will not bear interest unless an event of default occurs and remains uncured, upon which the Convertible Debentures will
bear interest at an annual rate of 18.0%. The Convertible Debentures will mature on the date that is 15 months from the First Closing Date (the “ Maturity Date”) and