debt
confidence high
sentiment negative
materiality 0.75
Innventure issues $10M convertible note to Yorkville, amends existing $30M debentures
Innventure, Inc.
- First closing of $10M principal, ~$7M net proceeds after 10% OID and $2M September Payment.
- Second closing of $5M upon registration effectiveness; total potential gross ~$11.5M.
- Conversion price: lower of $7 fixed or 95% of 5-day VWAP, floor $1.16; maturity Sept 2026.
- Amendment to existing $30M debentures: removed monthly payments, added amortization event triggers, floor price $1.59.
- Innventure LLC guaranteed obligations; Yorkville granted registration rights for at least 12M shares.
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