Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 136

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 136
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 Bridge Note carries a loan fee of $1,000 and does not bear interest except during an event of

default. Pursuant to the Glockner Bridge Note, advances under the note shall be made in multiple installments as

follows: (i) $3,000 on August 20, 2024 (and was received on August 20, 2024), (ii) $3,000 on August 27, 2024 (and

was received on August 27, 2024) and (iii) $4,000 on September 3, 2024 (and was received on September 3, 2024).

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Amounts that are borrowed and repaid may not be re-borrowed. Glockner Enterprises is affiliated with persons or

entities that collectively own greater than 10% of Innventure’s Class B-1 preferred units. James Donnally was a

director of Innventure LLC and is now a director of Innventure, is the Managing Member of Bellringer Consulting

Group, LLC, the General Partner of the Glockner Lender, is an equity holder of the Glockner Lender, and previously

served as the Vice President and Chief Financial Officer of Glockner Enterprises from 1996 to 2023. Mr. Donnally

currently has no authority over the Glockner Lender’s decision-making with respect to equity or debt investments in

Innventure.

On August 22, 2024, pursuant to an unsecured promissory note (the “Scott Bridge Note”), Innventure LLC

borrowed $2,000 from Dr. John Scott, Innventure’s Chief Strategy Officer. Interest will accrue on the Scott Bridge

Note at a rate of eleven and half percent (11.5%) per annum plus, in the case of an event of default, an additional

two percent (2%) per annum, amounts will be advanced under the Scott Bridge Note upon written request and,

otherwise, the Scott Bridge Note has terms identical to the Glockner Bridge Note.

On October 1, 2024, the Company and the Glockner Lender amended and restated the Glockner Bridge Note (as

amended, the “A&R Glockner Bridge Note”). The A&R Glockner Bridge Note was issued in the principal amount

of $10,000 and such borrowings are due upon the earlier of January 31, 2025 and the first business day following the

date on which the Company has