Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 211

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 211
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 the private placement warrants will be redeemable by Learn CW and exercisable by such holders on the same basis as the public warrants. Public Warrants The Company determined the public warrants are equity-classified and are presented as permanent equity on the consolidated balance sheets. As such, the public warrants are measured at fair value at Closing using the warrant price at Closing multiplied by the number of public warrants and will not be subsequently re-measured. At Closing, the fair value of the equity classified public warrants was $ 1,265and is presented in the consolidated balance sheets. See Note 4. Fair Value for details on valuation. The public warrants expire on October 2, 2029. During the Successor period from October 2, 2024 through December 31, 2024, 259,309public warrants were exercised. Each public warrant that was exercised was converted into one share of Common Stock for an exercise price of $ 11.50, amounting to a total of $ 2,982cash proceeds. Private Placement Warrants The private placement warrants are liability classified and are not eligible for an exception from derivative accounting. The private placement warrants are presented as a current liability on the consolidated balance sheets given their exercisable term, which is 30 days from Closing. The private placement warrants are measured at fair value based on the price of the public warrants (Level 2 fair value measurement). As of Closing and December 31, 2024, the fair value of the liability-classified private placement warrants is $ 786and $ 16,793, respectively, and is presented in the consolidated balance sheets. For the Successor period from October 2, 2024 through December 31, 2024, the company recognized a loss of $ 16,007in Change in fair value of financial liabilities on the consolidated statements of operations and comprehensive income (loss). There were no private warrants exercised for the year ended December 31, 2024.

WTI Warrants On October 22, 2024, in connection with the WTI Facility, the Company issued warrants (the “WTI Warrants”) to the WTI Lenders. The WTI Warrants allow the holders to acquire shares of the Company’s Common Stock or any future equity securities issued by the Company (“Subsequent Round Stock”) for cash, at a purchase price equal to $ 0.01per share. The number of shares acquirable is determined by dividing $ 10,000by the applicable exercise price, which