Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 217

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 217
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     | $                    | 182,153 |

Note 10. Earnout Shares

Upon Closing of the Business Combination, 5,000,000Company Earnout Shares were contingently issuable to Innventure Members. Additionally, 344,828earnout shares were issued to the Sponsor who received consideration in the Business Combination. These shares, referred to as "Sponsor Earnout Shares," are subject to clawback. The Company Earnout Shares and the Sponsor Earnout Shares are collectively referred to as the “Earnout Shares”.

The Earnout Shares will vest upon the following milestone conditions:

• 40% of the Earnout Shares will vest upon Accelsius having entered into binding contracts providing for revenue for the Company (as defined in the Business Combination Agreement) within 7years following the Closing (the “Vesting Period”) in excess of $ 15,000in revenue ("Milestone One");

• 40% of the Earnout Shares will vest upon the Company’s formation of a new subsidiary, in partnership with an MNC, as determined using the Innventure LLC's “DownSelect” process, within the Vesting Period ("Milestone Two"); and

• 20% of the Earnout Shares will vest upon AeroFlexx having received in excess of $ 15,000revenue within the Vesting Period ("Milestone Three").

The Sponsor Earnout Shares have a vesting provision that occurs upon a change of control event or upon the occurrence of the VWAP of the shares of Innventure, Inc. Common Stock exceeding $ 11.50per share for at least twentydays in any immediately preceding thirtyday period (the "VWAP Completion Event"). These vesting conditions are not effective on the Company Earnout shares until 6months following the Business Combination.

The Earnout Shares related to Milestone One and Milestone Two were determined to be classified as equity. At Closing, 4,275,862equity-classified Earnout Shares were fair valued at $ 46,350, inclusive of 2,137,931Milestone One shares fair valued at $ 23,175and 2,137,931Milestone Two shares fair valued at $ 23,175which are presented in Additional paid-in capital on the consolidated balance sheets.

The Earnout Shares related to Milestone Three are classified as a liability. At Closing, 1,068,966liability-classified Earnout Shares were fair valued at $ 11,352and subsequently fair valued at $ 14,752