Company: INV
Filing Date: 2025-05-19
Form Type: 424B3
Source: 0001628280-25-026457
Chunk: 52

Company: Innventure, Inc.
Filing Date: 2025-05-19
Form: 424B3
Chunk 52
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Convertible Debentures

On March 25, 2025, the Company entered into the Securities Purchase Agreement for the issuance and sale of the Convertible Debentures with an aggregate principal amount of up to $30,000. These Convertible Debentures will be convertible into shares of Common Stock under certain circumstances. The Company will issue the aggregate principal amount of Convertible Debentures in two tranches tied to separate reporting and filing requirements. As of March 31, 2025, the Company had not yet met the required reporting and filing requirements and therefore had not issued these Convertible Debentures. On April 14, 2025 and May 15, 2025, the Company issued the first and second tranches of Convertible Debentures with aggregate principal amounts of $20,000 and $10,000, respectively, and gross proceeds of $18,000 and $9,000, respectively. In connection to the Convertible Debentures, on April 14, 2025 the Company issued warrants to purchase up to 300,000 shares of Common Stock to the WTI Lenders. See further discussion in Note 5. Borrowings and Note 18. Subsequent Events within the notes to the consolidated financial statements.

Cash Flows

Cash flows associated with operating, investing and financing activities for the three months ended March 31, 2025 (Successor) and three months ended March 31, 2024 (Predecessor) are summarized as follows:

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|                                                            |     | Successor | Three months ended March 31, 2025 |     | Predecessor | Three months ended March 31, 2024 |     | Change | Amount |     |     | % Change |   |
|:-----------------------------------------------------------|:----|:----------|----------------------------------:|:----|:------------|----------------------------------:|:----|:-------|-------:|:----|:----|---------:|:--|
| Net Cash Used in Operating Activities                      |     | $         |                           -14,696 |     | $           |                            -7,397 |     | $      | -7,299 |     |     |     98.7 | % |
| Net Cash Used in Investing Activities                      |     |           |                            -3,254 |     |             |                            -3,180 |     |        |    -74 |     |     |      2