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Innventure (INV) holders approve 20%+ share issuance for Yorkville debenture conversions

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

Innventure, Inc. is updating its existing stock offering prospectus to include a recent current report describing the results of a special stockholder meeting. On December 2, 2025, stockholders approved two proposals required under Nasdaq Listing Rule 5635(d) that allow the company to issue 20% or more of its issued and outstanding common stock in connection with the conversion of convertible debentures held by YA II PN, Ltd. under Securities Purchase Agreements dated March 25, 2025 and September 15, 2025. Proposal 1 passed with 34,642,386 votes for and Proposal 2 passed with 34,696,064 votes for, and an adjournment proposal was not needed because both Yorkville-related proposals received sufficient support. The company’s common stock trades on Nasdaq under the symbol INV, and the closing price on December 3, 2025 was $4.98 per share.

Positive

  • None.

Negative

  • Potential significant dilution approved: Stockholders authorized issuance of 20% or more of previously outstanding common stock upon conversion of Yorkville convertible debentures, allowing sizeable equity issuance tied to these instruments.

Insights

Stockholders approved Nasdaq 20% rule proposals enabling large share issuance on Yorkville debenture conversions.

Innventure, Inc. obtained stockholder approval under Nasdaq Listing Rule 5635(d) to issue 20% or more of its previously outstanding common stock upon conversion of convertible debentures held by YA II PN, Ltd. These approvals relate to Securities Purchase Agreements dated March 25, 2025 and September 15, 2025, formalizing the company’s ability to settle those debentures in equity at potentially significant scale.

Both Yorkville-related proposals passed comfortably, with 34,642,386 and 34,696,064 votes cast "For," respectively, indicating strong support among voting holders. Because both proposals cleared the required thresholds, a separate adjournment proposal was not brought to a vote. The practical effect is that future conversion activity under these debentures can now include sizeable common stock issuance, with the actual impact dependent on how and when Yorkville elects to convert.


Filed pursuant to Rule 424(b)(3)
Registration No. 333-291034
 
Prospectus Supplement No. 3
(To Prospectus dated November 12, 2025)
 
INNVENTURE, INC.
 
This prospectus supplement updates, amends and supplements the prospectus dated November 12, 2025 (the “Prospectus”), which forms a part of our Registration Statement on Form S-1 (Registration No. 333-291034) and is being filed to update, amend and supplement the information included in the Prospectus with information contained in our Current Report on Form 8-K which was filed with the Securities and Exchange Commission (the “SEC”) on December 4, 2025 (the “Current Report”). Accordingly, we have attached the Current Report to this prospectus supplement. Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the Prospectus.
 
This prospectus supplement is not complete without the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.
 
Shares of our common stock, par value $0.0001 per share (our “Common Stock”), are listed on The Nasdaq Stock Market, LLC under the symbol “INV.” On December 3, 2025, the closing price of our Common Stock was $4.98 per share.
 
Investing in our securities involves risks that are described in the “Risk Factors” section of the Prospectus.
 
Neither the SEC nor any state securities commission has approved or disapproved of the securities to be issued under the Prospectus or this prospectus supplement or determined if the Prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.
 
The date of this prospectus supplement is December 4, 2025.
 
 
 
 
 
 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

December 2, 2025
Date of Report (date of earliest event reported)
___________________________________
Innventure, Inc.
(Exact name of registrant as specified in its charter)
___________________________________

Delaware
(State or other jurisdiction of
incorporation or organization)
001-42303
(Commission File Number)
93-4440048
(I.R.S. Employer Identification Number)
6900 Tavistock Lakes Blvd, Suite 400
Orlando, Florida 32827
(Address of principal executive offices and zip code)
(321) 209-6787
(Registrant's telephone number, including area code)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value $0.0001 per shareINVThe Nasdaq Stock Market, LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company    ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.07 Submission of Matters to a Vote of Security Holders.
On December 2, 2025, Innventure, Inc. (the “Company”) held a Special Meeting of Stockholders (the “Special Meeting”). At the close of business on October 14, 2025, the record date for the Special Meeting, there were (i) 58,046,433 shares of common stock, par value $0.0001 per share (“Common Stock”), issued and outstanding, each share entitled to one vote, (ii) 33,144 shares of Series B Preferred Stock, par value of $0.0001 per share (the “Series B Preferred Stock”), issued and outstanding, each share of Series B Preferred Stock entitled to 0.97 votes, and (iii) 150,000 shares of Series C Preferred Stock, par value $0.0001 per share (the “Series C Preferred Stock”), issued and outstanding, each share of Series C Preferred Stock entitled to 1.3 votes, constituting all outstanding voting securities of the Company entitled to vote at the Special Meeting.
At the Special Meeting, the holders of shares of the Company’s Common Stock, Series B Preferred Stock, and Series C Preferred Stock, representing 35,268,907 votes in aggregate, were present in person or by proxy, constituting a quorum. A description of each matter voted upon at the Special Meeting is described in detail in the Company’s Definitive Proxy Statement on Schedule 14A, as filed with the U.S. Securities and Exchange Commission on October 20, 2025. The final votes on the proposals presented at the Special Meeting are set forth below.
Proposal 1: To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of 20% or more of the Company’s issued and outstanding Common Stock as of September 15, 2025, in connection with the conversion of the convertible debentures issued to YA II PN, Ltd. (“Yorkville”) pursuant to the Securities Purchase Agreement between the Company and Yorkville dated September 15, 2025 (“Proposal 1”). Proposal 1 was approved by vote of stockholders as follows:
Votes For
Votes Against
Abstentions
Broker Non-Votes
34,642,386
595,520
31,001
0
Proposal 2: To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of 20% or more of the Company’s issued and outstanding Common Stock as of March 25, 2025, in connection with the conversion of the convertible debentures issued to Yorkville pursuant to the Securities Purchase Agreement between the Company and Yorkville dated March 25, 2025 (“Proposal 2” and, together with Proposal 1, the “Yorkville Proposals”). Proposal 2 was approved by vote of stockholders as follows:
Votes For
Votes Against
Abstentions
Broker Non-Votes
34,696,064
541,841
31,002
0
The Company’s stockholders did not vote on the proposal to approve the adjournment of the Special Meeting, if necessary, to solicit additional proxies if there were not sufficient votes in favor of the Yorkville Proposals because there were sufficient votes to approve the Yorkville Proposals and, therefore, such adjournment was not necessary.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

INNVENTURE, INC.
Date: December 4, 2025
By:
/s/ Suzanne Niemeyer
Name:
Suzanne Niemeyer
Title:
General Counsel




FAQ

What did Innventure, Inc. (INV) stockholders approve at the special meeting?

Stockholders approved two proposals under Nasdaq Listing Rule 5635(d) allowing the issuance of 20% or more of previously outstanding common stock upon conversion of Yorkville convertible debentures.

How are Yorkville’s convertible debentures linked to Innventure (INV) share issuance?

The approvals permit Innventure to issue 20% or more of its issued and outstanding common stock in connection with the conversion of debentures held by YA II PN, Ltd. (Yorkville) under Securities Purchase Agreements dated March 25, 2025 and September 15, 2025.

What were the vote results on Innventure’s Yorkville-related proposals?

Proposal 1 received 34,642,386 votes for, 595,520 against, and 31,001 abstentions. Proposal 2 received 34,696,064 votes for, 541,841 against, and 31,002 abstentions, with no broker non-votes on either proposal.

Did Innventure (INV) stockholders vote on adjourning the special meeting?

No. A proposal to adjourn the special meeting was not submitted to a vote because there were already sufficient votes to approve both Yorkville-related proposals.

How does this filing affect Innventure’s existing prospectus and S-1 registration?

The company is filing a prospectus supplement to update and amend its existing S-1 prospectus by incorporating the current report that details the special meeting results and stockholder approvals.

On which exchange is Innventure (INV) listed and what was the recent share price?

Innventure’s common stock is listed on The Nasdaq Stock Market, LLC under the symbol INV. The closing price on December 3, 2025 was $4.98 per share.
Innventure, Inc.

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