Company: INV
Filing Date: 2025-03-26
Form Type: 8-K
Source: 0001140361-25-010344
Chunk: 1

Company: Innventure, Inc.
Filing Date: 2025-03-26
Form: 8-K
Item: Item 1.01
Chunk 1
---
, upon completion of the Second Closing, will result in gross proceeds to the
Company of approximately $27,000,000. The Convertible Debentures will be issued at an original issue discount of 10%. The Company will be required to make monthly cash payments of principal in amounts between $1,000,000 and $3,000,000 (as per the
schedule set forth in the Convertible Debentures) plus a payment premium of 5% and all accrued and unpaid interest as of the date of such installment. Such payments will commence 30 days following the First Closing and will continue on a monthly
basis thereafter until the Convertible Debentures are repaid in full.

The Convertible Debentures are convertible at the option of the holder into Common Stock equal to the applicable Conversion Amount (as defined below)
divided by the Conversion Price (as defined below). The conversion price for the Convertible Debentures will initially be $10.00, and will be adjusted on the six-month anniversary of the First Closing Date (the “ First Reset Date”) and the
nine-month anniversary of the First Closing Date (the “ Second Reset Date” and collectively with the First Reset Date, a “ Reset Date”)) to equal the lower of the then applicable conversion price or the average volume weighted average price of the
Common Stock for the 10 trading days immediately prior to the applicable Reset Date. Any portion of the Convertible Debentures may be converted at any time and from time to time, subject to the Exchange Cap (as defined below). The Conversion
Amount with respect to any requested conversion will equal the principal amount requested to be converted plus all accrued and unpaid interest on the Convertible Debentures as of such conversion, with fractional shares rounded up (the “ Conversion
Amount”). In addition, no conversion will be permitted to the extent that, after giving effect to such conversion, the holder together with the certain related parties would beneficially own in excess of 4.99% of the Common Stock outstanding
immediately after giving effect to such conversion, subject to certain adjustments.

The Company shall not issue any Common Stock upon conversion of the Convertible Debentures held by Yorkville if the issuance of such Common Stock
underlying the Convertible Debentures would exceed the aggregate number of Common Stock that the Company may issue upon conversion of the Convertible Debentures in compliance with the Company’s obligations under the rules or regulations of Nasdaq
Stock Market (the “ Exchange Cap”).