Company: INV
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001628280-25-024239
Chunk: 50

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 50
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582 shares of Common Stock under the SEPA without obtaining stockholder approval, or 19.99% of the shares of Common Stock outstanding as of the date of the Closing of the Business Combination (the “SEPA Exchange Cap”). The SEPA Exchange Cap will not apply under certain circumstances, including if our stockholders have approved issuances in excess of the SEPA Exchange Cap in accordance with the rules of Nasdaq or the average price of all applicable sales of Common Stock under the SEPA equals or exceeds certain minimum prices. As consideration for Yorkville’s commitment to purchase shares of Common Stock at our direction upon the terms and subject to the conditions set forth in the SEPA, we paid Yorkville certain fees, including a commitment fee in an amount equal to $375,000. Yorkville’s obligation to purchase shares of Common Stock pursuant to the SEPA is subject to a number of conditions, including that a registration statement be filed with the SEC, registering the shares to be issued pursuant to an Advance under the Securities Act, and that the Registration Statement is declared effective by the SEC. We filed the registration statement on November 4, 2024, and received notice of effectiveness on November 12, 2024. Furthermore, we filed a post-effective amendment to the registration statement on April 15, 2025, which was declared effective on April 23, 2025. In connection with the entry into the Securities Purchase Agreement (as defined below), we agreed that for so long as any amounts remain outstanding under the Convertible Debentures, if we request an Advance then, unless otherwise agreed by Yorkville, (1) we may only request an Option 2 Pricing Period in such Advance, and, (2) all of the proceeds from such Advance shall be used as an Advance Payment (as defined in the Convertible Debentures), provided that, if all the following conditions have been satisfied with respect to any Advance, then then the proceeds of such Advance shall be paid to us: (A) the Commitment Amount remaining available (after taking into account the subject Advance) exceeds 110% of the aggregate principal amount outstanding under the Convertible Debentures, (B) all monthly payments under the Convertible Debentures that have come due and that are coming due within 31 calendar days following the closing of the subject Advance shall have been repaid, (C) the market value of the number of shares of Common Stock that remain available for issuance under the Convertible Debenture Exchange Cap (as