Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 133

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 133
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SG

Fund desires to acquire additional Accelsius Convertible Notes) as determined by Accelsius, until the earlier of (i)

such time as the aggregate amount of principal indebtedness evidenced by all of the Accelsius Convertible Notes

issued and sold pursuant to the note purchase agreement equals a total of $6,000 or (ii) July 31, 2023. In March

2024, the Accelsius Convertible Notes were converted into 693,480 Accelsius Series A units at a conversion price of

$9.74 per unit. Since the date of the Accelsius Convertible Notes, the largest aggregate amount of principal amount

outstanding was approximately $6,000.

Class A Series 2 Units

On February 1, 2023, the ESG Fund purchased 23,712 Class A Series 2 Units of Accelsius for aggregate

proceeds of approximately $100.

Other Related Party Transactions

Investor Rights Agreement

Pursuant to the terms of the Business Combination Agreement, at the Closing, Innventure and Founding

Investors entered into the Investor Rights Agreement. See the section entitled “ Management—Director Nominations

—Agreements to Nominate Certain Directors ” for more information.

Lock-Up Agreements

In connection with the entry into the Business Combination Agreement, certain members of Innventure LLC

(the “MSA Lock-Up Parties”) entered into a Member Support Agreement with Learn CW, Innventure, and Holdco

(the “Member Support Agreement”) pursuant to which the MSA Lock-Up Parties agreed to, among other things, be

subject to a 180-day lock-up period following the Closing with respect to any shares of Common Stock received as

consideration in the Business Combination. On April 1, 2025, the restrictions pursuant to the lock-up under the

Member Support Agreement lapsed with respect to the shares of Common Stock held by the MSA Lock-Up Parties.

Pursuant to Innventure’s A&R Certificate of Incorporation, the holders of shares of Common Stock issued as

consideration (including any Earnout Shares, as defined in the Business Combination Agreement) to former holders

of membership interests, warrants or other equity interests of Innventure LLC were prohibited from transferring any

such shares of Common Stock until the end of the period beginning on the date of the Closing and ending on the

date of the opening of the first trading window at least 180 days after the Closing. On April 1, 2025, the restrictions