Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 163

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 163
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as defined below), and the SEPA, respectively.

On April 14, 2025, the Company issued two warrants to purchase up to an aggregate total of 300,000 shares of

Common Stock (the “2025 WTI Warrants”) to WTI Fund X, LLC and WTI Fund XI, LLC, respectively. Each 2025

WTI Warrant is exercisable into one share of Common Stock at a price of $0.01 per share (subject to certain

limitations, adjustment and certain other rights to possible future financings in accordance with terms of the 2025

WTI Warrants) through March 31, 2035. The Company has agreed to file a registration statement with the SEC to

permit the public resale of the shares of Common Stock underlying the 2025 WTI Warrants on substantially the

same terms as the WTI RRA.

The registration statement of which this prospectus forms a part is registering securities of the Company

pursuant to the Securities Purchase Agreement RRA, the Series C Purchase Agreements, the WTI RRA, and the

Ducera Engagement Letter, respectively, held by certain Company equity holders, each identified as a Selling

Stockholder herein. The aggregate number of shares of Common Stock that will be entitled to registration under the

Securities Purchase Agreement RRA (giving effect to the SPA Exchange Cap), the SEPA (giving effect to the

98

Exchange Cap), the Series C Purchase Agreements, the WTI RRA, and the Ducera Engagement Letter is

approximately 20,281,538.

Lock-up Agreements

In connection with the execution of the Business Combination Agreement, certain insiders of Innventure LLC

(each, a “Lock-Up Party”) entered into the Lock-Up Agreements with the Company, pursuant to which such persons

agreed, subject to certain customary exceptions, not to (i) sell, offer to sell, contract or agree to sell, hypothecate,

pledge, grant any option to purchase or otherwise transfer, dispose of or agree to transfer or dispose of, directly or

indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within

the meaning of Section 16 of the Exchange Act, and the rules and regulations of the SEC promulgated thereunder,

any shares of Common Stock, or any securities convertible into, exercisable for, exchangeable for or that represent

the right to receive any shares of