Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Innventure, Inc. incurred convertible notes of $20,000,000 with YA II PN, Ltd. at 18.0% maturing July 14, 2026.
- Instrument
- convertible notes
- Principal
- $20,000,000
- Counterparty
- YA II PN, Ltd.
- Rate
- 18.0%
- Maturity
- July 14, 2026
- Event
- incurrence
Exact text from the filing
On April 14, 2025 (the “First Closing Date”), the Company issued a Convertible Debenture to Yorkville with a principal amount of $20,000,000 (the “First Convertible Debenture”). The First Convertible Debenture will not bear interest unless an event of default occurs and remains uncured, upon which the First Convertible Debenture will bear interest at an annual rate of 18.0%. The First Convertible Debenture will mature on July 14, 2026 (the “Maturity Date”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Innventure, Inc. entered an off-balance-sheet arrangement for guarantee with YA II PN, Ltd..
- Instrument
- guarantee
- Counterparty
- YA II PN, Ltd.
- Event
- off balance sheet
Exact text from the filing
rm 8-K filed by Innventure, Inc., a Delaware corporation (the “Company”) with the Securities and Exchange Commission (the “SEC”) on March 26, 2025 (the “Prior Form 8-K”), the Company entered into a securities purchase agreement (the “Purchase Agreement”) with YA II PN, Ltd. (“Yorkville”), for the issuance and sale by the Company of convertible debentures (the “Convertible Debentures”) issuable in an aggregate principal amount of up to $30,000,000, which Convertible Debentures will be convertible into shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) (as converted, the “Conversion Shares”).
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