Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 12

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 12
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entures Existing Convertible Debentures On March 25, 2025, the Company entered into the Existing Purchase Agreement with Yorkville, in connection with the issuance and sale by the Company of Convertible Debentures issuable in an aggregate principal amount of up to $30,000,000 (the “Existing Convertible Debentures”), which Existing Convertible Debentures are convertible into shares of the Company’s Common Stock (as converted, the “Existing Conversion

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TABLE OF CONTENTS Shares”). Pursuant to the Existing Purchase Agreement, Yorkville purchased, and the Company issued, $20,000,000 in aggregate principal amount of Existing Convertible Debentures in one Convertible Debenture (the “First Convertible Debenture”), on April 14, 2025 (the “Existing Debentures First Closing Date”) and an additional $10,000,000 in aggregate principal amount of Existing Convertible Debentures in one Convertible Debenture (the “Second Convertible Debenture”) on May 15, 2025 after both (i) a registration statement was filed with the SEC registering the resale of the Existing Conversion Shares and was declared effective by the SEC and (ii) the Company received stockholder approval through irrevocable proxies of the Company’s stockholders to, by a majority of the voting power of the Company, issue Existing Conversion Shares and shares issuable pursuant to the SEPA in excess of the Exchange Cap (as defined in the SEPA). Approximately $18,000,000 of the Existing Convertible Debentures currently remains outstanding. The Existing Convertible Debentures do not bear interest unless an event of default occurs and remains uncured, upon which the Existing Convertible Debentures will bear interest at an annual rate of 18.0%. The Existing Convertible Debentures will mature on July 14, 2026 (the “Existing Debentures Maturity Date”). The First Convertible Debenture resulted in gross proceeds to the Company of approximately $18,000,000, representing an original issue discount of 10%. The Second Convertible Debenture resulted in gross proceeds to the Company of approximately $9,000,000, representing an original issue discount of 10%. Prior to the Amendment (as defined below), the Company was required to make monthly cash payments of principal in amounts between $1,000,000 and $3,000,000 (per the schedule set forth in the Existing Convertible