Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 73

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 73
---
the Convertible Debentures with an aggregate principal amount of up to $ 30,000 . These Convertible Debentures will

be convertible into Conversion Shares. On April 14, 2025, the Company issued $20,000 in aggregate principal

amount of Convertible Debentures. Additionally, the Company will issue an additional $10,000 in aggregate

principal amount of Convertible Debentures after both (i) the registration statement filed with the SEC registering

the resale of the Conversion Shares is declared effective by the SEC and (ii) the Company receives stockholder

approval. The Convertible Debentures will not bear interest unless an event of default occurs, in which case the

Convertible Debentures will bear interest at an annual rate of 18% . The Convertible Debentures will mature 15

months after the First Closing Date and can be converted into shares of Common Stock at a conversion price to be

determined. The Convertible Debentures were and will be issued at an original issue discount of 10% . In connection

with the Securities Purchase Agreement, the Company agreed to issue warrants to purchase up to 300,000 shares of

Common Stock to the WTI Lenders. These warrants serve as consideration for the WTI Lenders’ consent to the

transaction. The warrants have an exercise price of $0.01 per share and are exercisable until March 31, 2035, with

additional customary rights and protections. See further discussion of the Convertible Debentures in Note 21.

Subsequent Events within the notes to the consolidated financial statements.

41

Cash Flows Cash flows associated with operating, investing and financing activities for the years ended December 31, 2024 and 2023 are summarized as follows:

|                                                                                                                         |                             Successor |     |                         Predecessor |     |            S/PCombined2024 |     |                Predecessor |     |    Change |     |          |
|                                                                                                                         | October 2,2024throughDecember31, 2024 |     | January 1,2024throughOctober 1,2024 |     | Year endedDecember31, 2024 |     | Year endedDecember31, 2023 |     |    Amount |     | % Change |
| Net Cash Used in OperatingActivities.............................................                                       |                             $(29,214) |     |                           $(18,848) |     |                  $(48,062) |     |