Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 115

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 115
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 ........................ 2025 - 2026 $ 725 12% - 15% $ 1,911 9% - 15% Related party notes ................................... 2024 - 2025 14,000 8% - 15.99% 1,000 —% Convertible promissory notes .................. — 6,634 8% WTI Facility ............................................. 2028 20,000 13.50% — Total Notes Payable .............................. 34,725 9,545 Less: unamortized debt discount .............. (6,446) (2,133) Less: current portion of related party notes payable ............................................ (14,000) (1,000) Less: current portion of notes payable ..... (625) (912) Total Long-term Notes ......................... $ 13,654 $ 5,500 The Company's debt is carried on a historical cost basis net of unamortized discounts and premiums. Costs associated with acquiring debt are presented in the consolidated balance sheets as a direct deduction from the carrying amount of the debt as a debt discount. Discounts on debt are amortized over the contractual life of the related debt instrument using the effective interest method (unless otherwise specified below) and are included in Interest expense, net in the consolidated statements of operations and comprehensive income (loss). The Company’s notes payable, excluding debt issuance costs, and notes payable to related parties mature as follows: Table of Contents Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) 82

Year Ending December 31, Amount 2025 ...................................................................................................................................................... $ 14,625 2026 ...................................................................................................................................................... 7,295 2027 ...................................................................................................................................................... 8,244 2028 ...................................................................................................................................................... 4,561 Total Debt ........................................................................................................................................... $ 34,725 Series 1 Promissory Notes In 2018, the Company authorized the issuance and sale of unsecured promissory notes to investors up to $35,000. From 2018 to 2021, the Company issued promissory notes with a total principal amount of $4,936. The notes require monthly interest payments, have an original maturity period of 36-48 months, and bear interest at 9%-12% per annum. The notes contain two term extension options, at the Company’s election, which can extend the notes’ maturity period to