Company: INV
Filing Date: 2025-10-08
Form Type: PRE 14A
Source: 0001140361-25-037708
Chunk: 12

Company: Innventure, Inc.
Filing Date: 2025-10-08
Form: PRE 14A
Chunk 12
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 Debentures”). On September 15, 2025, pursuant to the September 2025 Securities Purchase Agreement, we issued and sold to Yorkville a September 2025 Convertible Debenture in the principal amount of $10.0 million (the “First September 2025 Convertible Debenture”). Yorkville will purchase and we will issue an additional $5.0 million in principal amount of September 2025 Convertible Debentures (the “Second September 2025 Convertible Debenture”) after a registration statement (the “Registration Statement”) registering the resale of the shares issuable upon conversion of the September 2025 Convertible Debentures is filed with and declared effective by the SEC.

The September 2025 Convertible Debentures bear interest at an annual rate of 5.0%, unless an event of default occurs and remains uncured, upon which the September 2025 Convertible Debentures will bear interest at an annual rate of 18.0%. The September 2025 Convertible Debentures will mature on September 15, 2026. The September 2025 Convertible Debentures are convertible, at Yorkville’s option, into a number of shares of Common Stock equal to the applicable Conversion Amount (as defined below) divided by the Conversion Price (as defined below). The Conversion Price will be equal to the lower of: (a) $7.00 per share (the “Fixed Price”), or (b) 95% of the lowest daily volume-weighted average price (“VWAP”) of the shares during the five consecutive trading days immediately prior to each conversion date or other date of determination (the “Variable Price,” and the applicable purchase price, the “Conversion Price”), but which Variable Price shall not be lower than $1.16 (the “Floor Price”), which is the price equal to 20% of the Minimum Price of the Common Stock (as calculated pursuant to Nasdaq Listing Rule 5635(d)). Any portion of the September 2025 Convertible Debentures may be converted at any time and from time to time, subject to the September 2025 Convertible Debentures Exchange Cap (as defined below). The conversion amount with respect to any requested conversion will equal the principal amount requested to be converted plus all accrued and unpaid interest on the September 2025 Convertible Debentures as of such conversion, with fractional shares rounded up (the “Conversion Amount”). In addition, no conversion will be permitted