Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 30

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 30
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 Convertible

Debentures to Yorkville, or the actual gross proceeds resulting from those sales.

Subject to certain conditions and limitations in the SEPA and compliance with applicable law, Innventure has

the discretion to deliver notices to Yorkville at any time throughout the term of the SEPA. The actual number of

shares of Common Stock that are issued and sold to Yorkville depends on a number of factors, including the market

price of Common Stock during the sales period. Actual gross proceeds may be less than $75.0 million, which may

impact Innventure’s future liquidity. Because the price per share of each share sold to Yorkville will fluctuate during

the sales period, it is not currently possible to predict the number of shares that will be sold or the actual gross

proceeds to be raised in connection with those sales. Additionally, the Conversion Price applicable to the

Convertible Debentures will be adjusted on the First Reset Date and the Second Reset Date, and, accordingly, it is

not currently possible to predict how many shares will be sold in total under the Convertible Debentures.

As of February 28, 2025, Innventure has drawn $2.67 million under the SEPA. Moreover, although the SEPA

provides that Innventure may sell up to an aggregate of $75.0 million of its Common Stock to Yorkville, Innventure

registered the resale by Yorkville of up to 4,418,307 shares of Common Stock that may be issued without exceeding

the 9.99% prong of the Exchange Cap set forth in the SEPA. If Innventure elects to issue and sell to Yorkville all of

the shares registered for resale to Yorkville, depending on the market prices of its Common Stock for each purchase

made pursuant to the SEPA, the actual gross proceeds from the sale of the shares may be substantially less than the

$75.0 million total commitment available to Innventure under the SEPA. If it becomes (i) necessary for Innventure

to issue and sell to Yorkville under the SEPA more shares than the shares registered for resale by Yorkville in order

to receive the aggregate gross proceeds equal to $75.0 million under the SEPA and (ii) if Innventure is able to sell

more shares than the shares registered for resale by Yorkville while still complying with the Exchange Cap, then

Innventure will need to file with the SEC one or more additional registration statements to