Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 207

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 207
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ory notes (the “2025 Notes”) that can be converted into equity units at the later of a qualified financing event or upon maturity, which is 36-months. A qualified financing event is one or more transactions that results in gross proceeds of at least $ 2,000. Upon the occurrence of a qualified financing event, the 2025 Notes convert to the series of stock issued in that financing at the lesser of (a) a 20percent discount or (b) $ 200million divided by the number of fully diluted units outstanding immediately prior to the financing. This conversion option is accounted for as a derivative instrument and the fair value of such is discussed in Note 4. Fair Value.

<div align='center'>F-27</div>

#### Innventure, Inc. and Subsidiaries

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

On March 31, 2024, the 2025 Notes with a $ 6,000principal balance and $ 755of accrued interest were converted into 693,480Accelsius Series A units at a conversion price of $ 9.74per share. The conversion was pursuant to the occurrence of a qualified financing event. The related embedded derivative liability was extinguished in connection with the conversion, resulting in a loss on conversion of $ 1,119recorded on the consolidated statements of operations and comprehensive income (loss) in the Predecessor period from January 1, 2024 through October 1, 2024.

Interest expense on the 2025 Notes was as follows:

|                                                            |     | Successor                                 
 October 2, 2024 through December 31, 2024 |   |     | Predecessor                             
 January 1, 2024 through October 1, 2024 |     |     | Year ended December 31, 2023 |       |
|:-----------------------------------------------------------|:----|:------------------------------------------|:--|:----|:----------------------------------------|----:|:----|:-----------------------------|------:|
| Interest attributable to contractual interest              |     | $                                         | — |     | $                                       | 120 |     | $                            |   583 |
| Interest attributable to amortization of implied discounts |     |                                           | — |     |                                         | 231 |     |                              |   456 |
| Total interest expense                                     |     | $                                         | — |