Company: INV
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001628280-25-024239
Chunk: 53

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 53
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 the shares of Common Stock issued pursuant to the SEPA, of which there were 208,993 shares, are not entitled to vote on Proposal 3.

29 PROPOSAL FOUR—CONVERTIBLE DEBENTURES SHARE ISSUANCE PROPOSAL We are seeking approval of the potential issuance of a number of shares of Common Stock to Yorkville in excess of the Convertible Debentures Exchange Cap (as defined below). As of the Record Date, no shares of Common Stock have been issued to Yorkville upon conversion of any amounts under the Convertible Debentures and the outstanding aggregate principal amount of the Convertible Debentures was $20.0 million. Background On March 25, 2025, we entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Yorkville in connection with our issuance and sale to Yorkville of convertible debentures, convertible into shares of Common Stock subject to certain conditions and limitations, in the aggregate principal amount of up to $30.0 million (the “Convertible Debentures”). On April 14, 2025, pursuant to the Securities Purchase Agreement, we sold and issued to Yorkville a Convertible Debenture in the principal amount of $20.0 million. Yorkville will purchase and we will issue an additional $10.0 million in principal amount of Convertible Debentures (the “Second Convertible Debenture”) after both (i) a registration statement is filed with the SEC registering the resale of the Conversion Shares and is declared effective by the SEC and (ii) the Company has received approval of this Proposal 4 either through affirmative votes for this Proposal 4 at the Annual Meeting or irrevocable proxies to do the same by a majority of the voting power of the Company. The Convertible Debentures bear interest at an annual rate of 0.0%, and have a maturity date of July 14, 2026, which may be extended at the option of Yorkville. The interest rate will increase to an annual rate of 18.0% upon the occurrence and during the continuance of an event of default (as defined in the Convertible Debentures). The Convertible Debentures provide a conversion right, at Yorkville’s option, in which any portion of the principal amount of the debt, together with any interest or other amounts outstanding under the Convertible Debentures, may be converted at any time and from time to time into the Common Stock at a conversion price equal to $