Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 137

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 137
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 sufficient capital to be able to repay all amounts outstanding under such note and

otherwise meet its expected working capital needs, as determined by the Company in its reasonable discretion. From

and after the issuance date of the A&R Glockner Bridge Note, such note will bear interest at 15.99% per annum,

payable in arrears on the first business day of each calendar month, beginning on November 1, 2024. In the event of

a failure to pay any amount due under the A&R Glockner Bridge Note, such failure will not constitute an event of

default unless certain other conditions are met. The Company also agreed to pay the Glockner Lender $1,000 as a

loan fee, which was repaid in connection with entry into the Second A&R Glockner Bridge Note. As described

above, Mr. Donnally serves as the managing member of the Glockner Lender’s general partner, Bellringer

Consulting Group LLC. As of the date hereof, only the $1,000 loan fee has been repaid under the A&R Glockner

Bridge Note.

On October 1, 2024, the Company and Dr. John Scott agreed to amend and restate the Scott Bridge Note (as

amended, the “A&R Scott Bridge Note”). The A&R Scott Bridge Note was reissued in the principal amount of

$1,000 and such borrowings are due at maturity on January 31, 2025. From August 22, 2024 to but excluding

October 1, 2024, interest on the A&R Scott Bridge Note accrued at a rate of 11.5% per annum, and from and after

October 1, 2024, interest on the A&R Scott Bridge Note accrued at a rate of 13.5% per annum. In the event of a

failure to pay any amount due under the A&R Scott Bridge Note, such failure will not constitute an event of default

unless certain other conditions are met. The Company also agreed to pay Dr. John Scott, the Company’s Chief

Strategy Officer, $1,000 under the Scott Bridge Note.

On March 20, 2025, the Glockner Lender agreed to deem as repaid in full and otherwise terminated all loans

and other obligations of Innventure LLC to the Glockner Lender under the A&R Glockner Bridge Note and any loan

documentation executed in connection with the A&R Glockner Bridge Note in