Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 123

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 123
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ation to be delivered to Innventure Members consists of a contingent right to receive up to 5,000,000 (the “Company Earnout Shares”) shares of Common Stock. Refer to Note 10. Earnout Shares for more details on the Company Earnout Shares. Immediately after giving effect to the Business Combination (including as a result of the conversions described above), there were 43,589,850 shares of Common Stock and 18,645,997 Warrants issued and outstanding. As of the Closing, the Innventure Members owned approximately 88.3% of the Company’s outstanding shares of Common Stock and the former shareholders of Learn CW, including (i) Learn CW's sponsor, CWAM LC Sponsor LLC (the “Sponsor”) and (ii) Learn CW's independent directors, owned approximately 13.7% of the Company’s outstanding shares of Common Stock. The number of shares of Common Stock issued and outstanding at the Closing of the Business Combination were: Innventure LLC Units Immediately Prior to Closing Common Stock Conversion Ratio Common Stock Upon Closing Class B Preferred Units 10,875,000 2.09 22,754,664 Class B-1 Preferred Units 5,609,951 2.09 11,738,165 Class A Units 342,608 2.09 716,867 Class C Units 1,570,125 2.09 3,285,303 Total 18,397,684 38,494,999 Learn CW Shares Learn CW Public shareholders 1,027,674 1.00 1,027,674 Learn CW Class B Shareholders 5,000,000 1.00 5,000,000 Total 6,027,674 6,027,674 Less: Learn CW shares subject to clawback provisions (932,823) Total Common Stock Issued and Outstanding at Closing 43,589,850 The consideration transferred for the Business Combination is summarized as follows: Holdco Common Stock transferred to Innventure Members(1) $ 418,441 Contingent consideration(2) 53,980 Consideration transferred 472,421 Non-controlling interest(3) 343,030 Total business enterprise value $ 815,451 (1) Represents the fair value of the 38,494,999 of aggregate consideration paid in shares (excluding the Company Earnout shares) at a Closing share price of $10.87. (2) Represents the fair value of the Company Earnout Shares issued