Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 164

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 164
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 Common Stock (collectively, the “Restricted Shares”), currently owned or acquired

after the date of the applicable Lock-Up Agreement, that is owned directly by such Lock-Up Party (including

securities held as custodian) or with respect to which such Lock-Up Party has beneficial ownership within the rules

and regulations of the SEC, (ii) enter into any swap or other arrangement that transfers to another, in whole or in

part, any of the economic consequences of ownership of any of the Restricted Shares, whether any such transaction

is to be settled by delivery of such securities, in cash or otherwise or (iii) publicly announce any intention to effect

any transaction specified in clause (i) or (ii) for a period ending upon the earlier of (A) the expiration of one year

after the Closing, and (B) subsequent to the Closing, (i) if the closing price of Common Stock equals or exceeds

$12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the

like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Closing, or (ii)

the date which Innventure completes a merger, liquidation, stock exchange, reorganization or other similar

transaction after the Closing that results in all of the public stockholders of Innventure having the right to exchange

their Common Stock for cash securities or other property.

On October 7, 2021, Learn CW entered into a letter agreement dated October 7, 2021, by and among Learn CW

and its officers, directors, director nominees, and the Sponsor, pursuant to which, among other things and in relevant

part, the parties are subject to a lock-up on sales of their Common Stock until (a) one year after the completion of

the Business Combination or (b) subsequent to the Business Combination, (x) the date on which the Company

completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s

shareholders having the right to exchange their shares of Common Stock for cash, securities or other property or (y)

if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for share sub-divisions,

share capitalizations, reorganizations, recapitalizations and other similar transactions) for any twenty (20) trading

days within any 30-trading day period commencing at