Innventure raises $2.75M in Series C preferred; settles $26.1M in related party loans with equity

Innventure, Inc.

Issued up to 275,000 Series C preferred shares at $10/share for $2.75M cash; 8% cumulative dividend.
Terminated Otworth, Scott, Auto Now, and Glockner loans in exchange for ~2.3M Series C shares plus $375K cash.
Series C preferred ranks pari passu with Series B; converts to common at lesser of Reset Price or $12.50.
Also issued 184k common shares to Yorkville, Ducera, and Roth between Oct 2024 and Feb 2025.
Filed Certificate of Designations for Series C; Grail Partners received 300,000 Series C shares for advisory fees.

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