Company: INV
Filing Date: 2025-04-29
Form Type: PRE 14A
Source: 0001628280-25-020657
Chunk: 56

Company: Innventure, Inc.
Filing Date: 2025-04-29
Form: PRE 14A
Chunk 56
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ible Debentures provide us, subject to certain conditions, with an optional redemption right pursuant

to which we, upon 10 trading days’ prior written notice to Yorkville (the “Redemption Notice”), may redeem in cash, in

whole or in part, so long as (i) the Redemption Notice is delivered to Yorkville after the close of trading hours on a trading

day, and (ii) the VWAP of the Common Stock was less than the Conversion Price on the day the Redemption Notice was

given, any of the outstanding principal and interest thereon at a redemption price equal to (a) the principal amount being

redeemed, (b) all accrued and unpaid interest under the applicable Convertible Debenture as of the date of such redemption

and (c) a redemption premium of 5% of the principal amount being redeemed on or before the twelve-month anniversary of

the issuance date of the Convertible Debentures (the “Issuance Date”), and 10% of the principal amount being redeemed

after the twelve-month anniversary of the Issuance Date.

The Convertible Debentures include a monthly repayment schedule of installment dates (the “Repayment

Schedule”) on which the Company shall repay a portion of the outstanding balance of the Convertible Debentures equal to

(i) the installment principal amount set forth on the Repayment Schedule, (ii) a 5% payment premium (of the principal

amount being paid) and (iii) any accrued and unpaid interest as of each installment date.

On April 14, 2025, we and Yorkville entered into a registration rights agreement (the “Registration Rights

Agreement”) pursuant to which we are required to file a registration statement registering the resale by Yorkville of any

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shares of Common Stock issuable upon conversion of the Convertible Debentures. We filed the registration statement on

April 15, 2025 and received notice of effectiveness on April 23, 2025.

Additional information concerning the Securities Purchase Agreement, Registration Rights Agreement and

Convertible Debentures is contained in our Current Reports on Form 8-K filed with the SEC on March 26, 2025 and April

14, 2025, which are incorporated by reference herein.

**Reasons for Seeking Stockholder Approval**

Under Nasdaq Listing Rule 5635(d), stockholder approval is required prior to the issuance of securities in

connection with a transaction (or a series of related transactions) other than a