Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 237

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 237
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 the Company agreed to issue and sell to the Series C Purchasers an aggregate of up to

275,000 shares of the Series C Preferred Stock, in a private placement, at a price of $10.00 per share of Series C

Preferred Stock, resulting in an aggregate purchase price of approximately $2,750,000 before deducting fees and

other estimated offering expenses. The Series C Preferred Stock Financing closed on the Series C Closing Date.

On May 2, 2024, Innventure LLC and Mike Otworth entered into the Otworth Promissory Note pursuant to

which Innventure LLC agreed to pay Mr. Otworth the principal and interest in accordance the terms and conditions

set forth therein.

On October 1, 2024, Innventure LLC and Dr. John Scott entered into the Scott Bridge Note pursuant to which

Innventure LLC agreed to pay Dr. Scott the principal and interest in accordance the terms and conditions set forth

therein.

On February 9, 2023, AeroFlexx and Auto Now, of which James Donnally, a director of the Company, serves as

a director, entered into the Loan Agreement pursuant to which AeroFlexx agreed to pay Auto Now the principal and

interest in accordance the terms and conditions set forth therein (the “Auto Now Loan”).

On October 1, 2024, Innventure LLC and the Glockner Lender (collectively with Mr. Otworth, Dr. Scott, Auto

Now and each of their respective affiliates, the “Lenders”) entered into the Glockner Bridge Note and, together with

the Otworth Promissory Note, the Scott Bridge Note, and the Auto Now Loan, the “Related Party Loans”) pursuant

to which Innventure LLC agreed to pay the Glockner Lender the principal and interest in accordance with the terms

and conditions set forth therein.

On the Series C Closing Date, each of the Lenders terminated their respective Related Party Loans in exchange

for (i) in the case of the Otworth Promissory Note, 114,161 shares of Series C Preferred Stock and a cash payment

of $180,042, (ii) in the case of the Scott Bridge Note, 226,334 shares of Series C Preferred Stock and a cash

payment of $194,507, (iii) in the case of the Auto Now Loan, 578,294 shares of Series C Preferred Stock, and (iv) in

the