Innventure, Inc. Enters into $15 Million Convertible Debenture Agreement

On September 15, 2025, Innventure, Inc. entered into a securities purchase agreement with YA II PN, Ltd. for the issuance and sale of convertible debentures totaling up to $15 million. The debentures are convertible into shares of the company's common stock at a conversion price determined by the lower of $7.00 per share or 95% of the lowest daily VWAP during the five trading days preceding the conversion date, with a floor price of $1.16. The debentures bear an annual interest rate of 5.0%, increasing to 18.0% in the event of default. The company received $10 million in gross proceeds from the initial issuance, with an additional $5 million to be issued upon the effectiveness of a registration statement. The debentures mature on September 15, 2026. The agreement also includes a global guaranty from Innventure LLC and a registration rights agreement requiring the company to file a registration statement within 45 days of the initial closing.