Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 78

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 78
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’s request during the commitment period commencing on the Closing and continuing for a term of 3 years, subject to certain conditions and limitations. See the section entitled “ Prospectus Summary—Background—Standby Equity Purchase Agreement” for more information. The SEPA will automatically terminate on the earlier to occur of (i) November 01, 2027 and (ii) the date on which Yorkville shall have made payment of advances pursuant to the SEPA for Common Stock equal to the commitment amount of $75,000. Convertible Debentures On March 25, 2025, the Company entered into the Existing Debenture Agreement for the issuance and sale of the Existing Convertible Debentures. These Existing Convertible Debentures will be convertible into the Existing Conversion Shares. The Company issued the aggregate principal amount of Existing Convertible 44 TABLE OF CONTENTS Debentures in two tranches tied to separate reporting and filing requirements. On April 14, 2025 and May 15, 2025, the Company issued the first and second tranches of Existing Convertible Debentures with aggregate principal amounts of $20,000 and $10,000, respectively, and received gross proceeds of $18,000 and $9,000, respectively. In connection with the issuance of the Existing Convertible Debentures, also on April 14, 2025 the Company issued the 2025 WTI Warrants to purchase, at a price of $0.01 per share (subject to certain limitations and adjustment), up to an aggregate total of 495,074 shares of Common Stock, as of the date of issuance and June 30, 2025 (subject to future adjustments to the number and type of shares pursuant to the 2025 WTI Warrants) to the WTI Holders. Each of the 2025 WTI Warrants is exercisable through March 31, 2035. The 2025 WTI Warrants were issued to the WTI Holders as consideration for the WTI Holders and other parties entering into the Consent in connection with the issuance of the first tranche of Existing Convertible Debentures to Yorkville under the Existing Debenture Agreement. See further discussion in Note 21. Subsequent Events within the notes to the consolidated financial statements. Term Convertible Notes Accelsius entered into unsecured convertible notes with various other parties (the “Term Convertible Notes”) for a total principal amount of $7,750. As of June