Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019358
Chunk: 218

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 218
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 38% . On January 7, 2025, the VWAP Completion Event, as discussed in Note 10. Earnout Shares , occurred and 344,828 Sponsor Earnout Shares vested and were no longer subject to contingencies. As part of the Company’s SEPA with Yorkville, on January 7, 2025 , the Company sold 50,000 shares of Common Stock to Yorkville for aggregate proceeds of approximately $633 . On January 22, 2025 , the Company issued and sold 4,617 Common Shares for aggregate proceeds of approximately $57 . On January 30, 2025 , the Company issued and sold 19,376 Common Shares for aggregate proceeds of approximately $235 . The remaining shares that could be sold to Yorkville are 4,209,314 . The Board determined that as of January 8, 2025, the creation of Refinity, a consolidated subsidiary of the Company, satisfied the vesting condition applicable to Milestone 2 of the Company Earnout Shares. As such, 2,000,000 shares of common stock were issued on February 4, 2025 as a result of the satisfaction of the Milestone. On January 22, 2025, Refinity entered into a framework agreement with a third party for research services focusing on the further development and optimization of licensed technology, as well as the enhancement and improvement of plastic recycling through pyrolysis. As part of this agreement, Refinity has agreed to pay a minimum fee of €5,000 during the period beginning May 1, 2025, and ending April 30, 2027, with the stipulation that €2,000 be paid in the first 12-month period and €3,000 in the second 12-month period. On February 1, 2025, the Company entered into a consulting agreement with a third party for services in respect of public relations and investor communications. The agreement includes monthly compensation of 2,500 shares of the Company's common stock issued each month services are provided. The initial term of the agreement is for one year and may be terminated by either party upon seven days ’ notice. On February 3, 2025, and February 27, 2025, two of the Company’s Series 1 Promissory Notes, discussed in Note 5. Borrowings , matured in an aggregate amount of $300 and were paid as they became due. On February 3, 2025