Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 212

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 212
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 is no maximum amount that the Company could be required to pay if the instrument is redeemed.

Note 13. Stockholders' Equity

For periods prior to the Closing, the Predecessor had Class B Preferred Units, Class B-1 Preferred Units, Class A Units and Class C Units issued and outstanding. In connection with the Business Combination on October 2, 2024, as described in Note 8. Business Combinations , the Successor acquired all membership interests that were in existence for the Predecessor.

F-38

Innventure, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

(in thousands, except share or per share data)

Series B Preferred Stock The Company is authorized to issue 25,000,000 shares of preferred stock with a par value of $ 0.0001 per share. Of which, 3,000,000 of the shares of preferred stock are designated as Series B Preferred Stock. Immediately following the Business Combination, Innventure issued 1,102,000 of Series B Preferred Stock at a purchase price of $ 10.00 per share (the “Original Issue Price”) for a total amount of $ 11,020 . Series B Preferred Stock are subject to: (i) a mandatory conversion on the date that is five years after original issuance (the “Maturity Date”); and (ii) an optional conversion, at the election of the holder, at any time prior to the Maturity Date upon the effectiveness of a registration statement by the Company registering the underlying shares of Common Stock issuable upon conversion. The number of shares of Common Stock that each holder of Series B Preferred Stock will receive upon conversion will be the number of Series B Preferred shares multiplied by the Conversion Rate, subject to a threshold amount. The conversion rate (“Conversion Rate”) will equal a fraction whose numerator is $ 10.00 and whose denominator is the lesser of: (i) $ 12.50 and (ii) the Reset Conversion Price, where the “Reset Conversion Price” means the greater of: (a) $ 5.00 and (b) the 10 -trading day volume-weighted average closing price of the Common Stock. Any fractional shares resulting from conversion will be rounded up to the next whole share. Holders of Series B Preferred Stock are entitled to cast the number of votes equal to: (i) $ 10.00 , divided by (ii) the Minimum Price (which shall have the meaning assigned in Nasdaq Listing Rule