Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019356
Chunk: 209

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 209
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 $6,000 principal balance and $755 of accrued interest were converted into 693,480 Accelsius Series A units at a conversion price of $9.74 per 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 $1,119 recorded 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                                     |     | $                                         | — |     | $                                       | 351 |     | $                            | 1,039 |

The Company has accrued interest of $— and $634 in convertible promissory notes as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, the unamortized discount was $— and $2,133, respectively.

#### WTI Facility
On October 22, 2024, the Company entered into a term loan with WTI Fund X, Inc. and WTI Fund XI, Inc., (collectively, “WTI Lenders”). The terms of the loan provides for a term loan facility in the aggregate principal amount of up to $50,000 (the "WTI Facility"), of which (i) up to $20,000 is made available after October 22, 2024 and through November 15, 2024 (the "First Tranche"); (ii) up to $15,000 is made available after November 1,