Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 39

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 39
---
2,700 was outstanding under the Loan Agreement. Since the date of the Loan

Agreement, no principal has been paid, $500 of interest has been paid, and the largest amount of principal outstanding was

$2,800.

Additionally, on February 9, 2023, AeroFlexx Packaging and Auto Now entered into a Security Agreement (the

“Security Agreement”) pursuant to which AeroFlexx Packaging granted to Auto Now a security interest in AeroFlexx

Packaging’s liquid filling equipment (the “Collateral”). The Security Agreement secures (i) all indebtedness owed under

the Loan Agreement and future advances and promissory notes made pursuant to the Loan Agreement, (ii) all expenditures

by AeroFlexx Packaging incurred for taxes, insurance and repairs to and maintenance for the Collateral and (iii) all

liabilities of AeroFlexx Packaging to Auto Now presently existing or incurred in the future, whether they are matured or

unmatured, direct or contingent, and any renewals, extensions and substitutions of those liabilities.

On March 20, 2025, Auto Now agreed to deem as repaid in full and otherwise terminated all loans and other

obligations of AeroFlexx Packaging to Auto Now under the Loan Agreement and any loan documentation executed in

connection with the Loan Agreement in exchange for the issuance to Glockner Family Venture Fund, LP of 578,294 shares

of Series C Preferred Stock on March 24, 2025.

James Donnally, a member of the Board, also serves as a director of Auto Now Acceptance Company, the parent

company of Auto Now.

**Accelsius

Convertible Notes**

On August 18, 2022, pursuant to a note purchase agreement (the “Series I Note Purchase Agreement”), by and

among Accelsius, the ESG Fund and the other parties thereto, Accelsius issued a convertible promissory note to the ESG

Fund in an aggregate principal amount of $4,000 (the “Accelsius Convertible Notes”). The Accelsius Convertible Notes

accrue interest at a rate of 8% per year and are convertible into equity securities of Accelsius issued in a bona fide equity

offering for investment purposes at a conversion price equal to the lesser of 80% of the per unit price paid by the investors

purchasing such equity in the such offering or (b) the quotient of $200,000 divided by the aggregate number of outstanding