Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019356
Chunk: 201

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 201
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 on the contractual terms, and then discounted at the term-matched risk-free rate. The risk-free interest rate was determined by reference to the U.S. Treasury yield curve for time periods approximately equal to the remaining contractual term of the Earnout Shares. Discounting conventions of revenue-based milestones are mid-period assuming annual revenue forecasts are earned on average at the mid-period of the forecast period. The value of the Earnout Shares is calculated as the average present value over all future modeled payoffs.

<div align='center'>F-23</div>

#### Innventure, Inc. and Subsidiaries

### Notes to Consolidated Financial Statements
<div align='center'>(in thousands, except share or per share data)</div>

The inputs used in simulating the Company’s stock price include, the term, stock price, volatility, risk-free rate and dividend yield. Prior to the Business Combination, the Company never paid or declared dividends, thus the dividend yield is estimated to be 0% as of December 31, 2024. The following table summarizes the inputs used in simulating the Company’s stock price for purposes of valuing the Earnout Shares:

|                |     |   | October 2, 2024 |         |     |   | December 31, 2024 |           |
|:---------------|:----|:--|----------------:|:--------|:----|:--|------------------:|:----------|
| Term           |     |   |                 | 7 years |     |   |                   | 6.8 years |
| Stock price    |     | $ |           10.87 |         |     | $ |             13.85 |           |
| Volatility     |     |   |           56.00 | %       |     |   |             56.00 | %         |
| Risk-Free Rate |     |   |            3.62 | %       |     |   |              4.42 | %         |
| Dividend Yield |     |   |               — | %       |     |   |                 — | %         |

The Milestone One and Milestone Two Earnout Shares are equity classified and the Milestone Three Earnout Shares are liability classified, as further described in Note 10. Earnout Shares. The assumptions used in measuring fair value of Milestone One and Milestone Three are considered Level 3 inputs, which include weighted average cost of capital risk premium, operational leverage ratio, revenue