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

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 15
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 and Grail Partners LLC. Pursuant to the Grail

Letter Agreement, the Company was obliged to pay an additional success fee for certain financial advisory and

merchant banking services provided by issuing $3,000,000 of Series C Preferred Stock to Grail. On March 24,

2025, the Company issued to Grail an aggregate of 300,000 shares of Series C Preferred Stock in settlement of

amounts owed pursuant to the terms of the Grail Letter Agreement.

Series C Preferred Stock Financing

On March 24, 2025 (the “Series C Closing Date”), the Company entered into preferred stock purchase

agreements (each, a “Series C Purchase Agreement” and, collectively, the “Series C Purchase Agreements”) with

certain purchasers (the “Series C Purchasers”), pursuant to which the Company issued and sold to the Series C

Purchasers an aggregate of up to 275,000 shares of the Company’s Series C preferred stock, par value $0.0001 per

share (the “Series C Preferred Stock”), in a private placement, at a price of $10.00 per share of Series C Preferred

Stock, resulting in an aggregate purchase price of approximately $2,750,000 before deducting fees and other

estimated offering expenses (such offering, the “Series C Preferred Stock Financing”). The Series C Preferred Stock

Financing closed on the Series C Closing Date.

The Series C Purchase Agreements contain customary representations, warranties, and covenants by the parties,

including certain indemnification obligations of the Series C Purchasers. The representations, warranties, and

covenants contained in the Series C Purchase Agreements were made only for purposes of such agreements and as

of specific dates, were solely for the benefit of the Series C Purchasers and are subject to limitations agreed upon by

contracting parties. As part of the Series C Purchase Agreements, the Company is required to prepare and file a

registration statement with the Commission under the Securities Act, covering the resale of the shares of Common

Stock issuable upon conversion of Series C Preferred Stock within 120 days from the original issuance date, which

obligation is to be satisfied hereby.

On the Series C Closing Date, the Company also filed a Certificate of Designations (the “Series C Preferred

Stock Certificate of Designations”) with the Secretary of State of the State of Delaware setting forth the terms,

rights, obligations and preferences of the Series C Preferred Stock, which became effective upon filing