Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 12

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 12
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 Limitation: In certain instances, if the total number of Common Stock traded on NASDAQ during

the applicable period is less than a specified threshold, then the number of shares issued and sold by the

Company under the Advance will be limited to the greater of (a) 35% of the trading volume during the

applicable period or (b) the number of shares of Common Stock sold by Yorkville during the applicable

period (in each case not to exceed the amount specified in the Advance and the other limitations under the

SEPA); and

• Minimum Acceptable Price: If the Company notifies Yorkville of a minimum acceptable price (“MAP” as

defined in the SEPA), then, if during the applicable period the VWAP of the Common Stock is below the

specified MAP or there is no VWAP, the amount of Common Stock set forth in the Advance will be

reduced by one third (1/3 rd ); provided, however, that this lower amount may be increased if certain

conditions are met.

The SEPA will automatically terminate on the earliest to occur of (i) November 1, 2027 or (ii) the date on which

Yorkville shall have made payment of Advances equal to $75.0 million. On December 24, 2024, the Company

issued Yorkville 60,000 shares of Common Stock at an effective price of $12.83 per share; on December 30, 2024,

the Company issued Yorkville 75,000 shares of Common Stock at an effective price of $12.86 per share; on January

8, 2025, the Company issued Yorkville 50,000 shares of Common Stock at an effective price of $12.85 per share; on

January 23, 2025, the Company issued Yorkville 4,617 shares of Common Stock at an effective price of $12.37 per

share; and on January 31, 2025, the Company issued Yorkville 19,376 shares of Common Stock at an effective price

of $11.93 per share, each pursuant to the terms of the SEPA. The Company has the right to terminate the SEPA at

no cost or penalty upon five trading days’ prior written notice to Yorkville, provided that there are no outstanding

Advance Notices for which shares of Common Stock must be issued and the Company has paid all amounts owed to

Yorkville pursuant to the SEPA.

3

In addition, for