Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 43

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 43
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 reimbursements to each of

Mr. Otworth and Dr. Scott in the amounts of $142 and $122, respectively. Mr. Otworth was the Executive Chairman of

Innventure LLC and is now Innventure’s Executive Chairman. Dr. Scott was the Chief Strategy Officer of Innventure LLC

and is now Innventure’s Chief Strategy Officer.

**Bridge Financing**

On August 20, 2024, pursuant to an unsecured promissory note (the “Glockner Bridge Note”), Innventure LLC

borrowed $10,000 from Glockner Family Venture Fund, LP (the “Glockner Lender”), a Florida limited partnership

affiliated with Glockner Enterprises, as bridge financing until the Closing of the Transactions. The outstanding principal

amount and loan fee were due upon the later of October 15, 2024 or the first business day following Closing. The Glockner

Bridge Note carries a loan fee of $1,000 and does not bear interest except during an event of default. Pursuant to the

Glockner Bridge Note, advances under the note shall be made in multiple installments as follows: (i) $3,000 on August 20,

2024 (and was received on August 20, 2024), (ii) $3,000 on August 27, 2024 (and was received on August 27, 2024) and

(iii) $4,000 on September 3, 2024 (and was received on September 3, 2024). Amounts that are borrowed and repaid may

not be re-borrowed. Glockner Enterprises is affiliated with persons or entities that collectively own greater than 10% of

Innventure’s Class B-1 Preferred Units. James Donnally was a director of Innventure LLC and is now a director of

Innventure, is the Managing Member of Bellringer Consulting Group, LLC, the General Partner of the Glockner Lender, is

an equity holder of the Glockner Lender, and previously served as the Vice President and Chief Financial Officer of

Glockner Enterprises from 1996 to 2023. Mr. Donnally currently has no authority over the Glockner Lender’s decision-

making with respect to equity or debt investments in Innventure.

On August 22, 2024, pursuant to an unsecured promissory note (the “Scott Bridge Note”), Innventure LLC

borrowed $