debt
confidence high
sentiment neutral
materiality 0.75
Innventure enters $30M convertible debenture deal with Yorkville; issues warrants to WTI
Innventure, Inc.
- Yorkville to buy $20M initial convertible debentures at 90% of face; second $10M tranche contingent on registration and stockholder approval.
- Conversion price initially $10/share, resets to lower of current or trailing 10-day VWAP at 6- and 9-month anniversaries.
- Monthly principal payments of $1M–$3M plus 5% premium; 18% interest on default; optional redemption at 5% or 10% premium.
- 300,000 warrants issued to WTI entities at $0.01 exercise price, with pro-rata participation rights in future financings.