Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 69

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 69
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 and issued 1,392,059 shares of Common Stock in exchange for the termination of another related party loan between AeroFlexx Packaging Company, LLC and Auto Now Acceptance Co., LLC. Further, on March 24, 2025, the Company issued an aggregate of 300,000shares of Series C Preferred Stock for financial advisory and merchant banking services rendered. See further discussion of the Series C Preferred Stock in the sub-section titled “Bridge Financing” above and in Note 21. Subsequent Events within the notes to the consolidated financial statements.

Convertible Debentures

On March 25, 2025, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) to the issuance and sale of the Convertible Debentures with an aggregate principal amount of up to $ 30,000. These Convertible Debentures will be convertible into Conversion Shares. On April 14, 2025, the Company issued $ 20,000in aggregate principal amount of Convertible Debentures. Additionally, the Company will issue an additional $ 10,000in aggregate principal amount of Convertible Debentures after both (i) the registration statement filed with the SEC registering the resale of the Conversion Shares is declared effective by the SEC and (ii) the Company receives stockholder approval. The Convertible Debentures will not bear interest unless an event of default occurs, in which case the Convertible Debentures will bear interest at an annual rate of 18%. The Convertible Debentures will mature 15months after the First Closing Date and can be converted into shares of Common Stock at a conversion price to be determined. The Convertible Debentures were and will be issued at an original issue discount of 10%. In connection with the Securities Purchase Agreement, the Company agreed to issue warrants to purchase up to 300,000shares of Common Stock to the WTI Lenders. These warrants serve as consideration for the WTI Lenders’ consent to the transaction. The warrants have an exercise price of $ 0.01per share and are exercisable until March 31, 2035, with additional customary rights and protections. See further discussion of the Convertible Debentures in Note 21. Subsequent Events within the notes to the consolidated financial statements.

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Cash Flows

Cash flows associated with operating, investing and financing activities for the years ended December 31, 2024 and 2023 are summarized as follows: