secwatch.observer — SEC 8-K summary
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Issuer:     Innventure, Inc. (INV)
CIK:        0002001557
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001140361-24-044030
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innventure secures $50M secured credit line from WTI, issues warrants for 1M shares
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- Up to $50M term loan facility from WTI Fund X and WTI Fund XI; tranches through Jan 2025; interest prime+5% or 13.5% floor.
- Issued warrants to purchase up to 1M shares of common stock at $0.01/share, exercisable through March 2025.
- Also completed ~$11M Series B Preferred Stock private placement with qualified investors to augment trust assets.
- Obligations secured by substantially all assets; includes restrictions on debt, liens, dividends, and other covenants.
- CEO Bill Haskell says financing strengthens Innventure's financial position as newly public company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2001557/000114036124044030/0001140361-24-044030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2001557/000114036124044030/ef20037576_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-044030

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