Company: INV
Filing Date: 2025-05-15
Form Type: 8-K
Source: 0001628280-25-025932
Chunk: 1

Company: Innventure, Inc.
Filing Date: 2025-05-15
Form: 8-K
Item: Item 1.01
Chunk 1
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 as described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on May 9, 2025 (the “2025 Proxy Statement”) in connection with the Company’s Annual Meeting of Stockholders to be held virtually at 9:00 a. m., ET, on June 25, 2025 (the “2025 Annual Meeting”). Each Voting Agreement Party also agreed to vote all shares of voting stock over which the Voting Agreement Party has voting control in favor of the equivalent of Proposals 3 and 4, each as described in the Company’s 2025 Proxy Statement, at any other meeting of stockholders of the Company subsequent to the 2025 Annual Meeting if such proposals are required to be resubmitted to the Company’s stockholders.

The foregoing description of the terms of the Voting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such document, a form of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

Issuance of Second Convertible Debenture

On May 15, 2025 (the “ Second Closing Date”), the Company issued a Convertible Debenture to Yorkville with a principal amount of $10,000,000 (the “ Second Convertible Debenture”). The Second Convertible Debenture will not bear interest unless an event of default occurs and remains uncured, upon which the Second Convertible Debenture will bear interest at an annual rate of 18.0%. The Second Convertible Debenture will mature on July 14, 2026 (the “ Maturity Date”). The Second Convertible Debenture resulted in gross proceeds to the Company of approximately $9,000,000, representing an original issue discount of 10%. With respect to the Second Convertible Debenture, the Company will be required to make monthly cash payments of principal in amounts between $545,455 and $1,545,450 (as per the schedule set forth in the Second Convertible Debenture) plus a payment premium of 5% and all accrued and unpaid interest as of the date of such installment. Such payments will commence on June 14, 2025 and will continue on a monthly basis thereafter until the Second Convertible Debenture is repaid in full.

The Second Convertible Debenture is convertible at the option of the holder into Common Stock equal to the applicable Conversion Amount (as defined below