Company: INV
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001628280-25-017614
Chunk: 175

Company: Innventure, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 8
Chunk 175
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 not re-measured at fair value include prepaid expenses and other current assets, due from related parties, other assets, accounts payable, accrued expenses, accrued employee benefits, other current liabilities and other liabilities as the carrying amounts approximate fair value due to the short maturity terms of these instruments. 

Note 5. BorrowingsSuccessorPredecessorMaturitiesDecember 31, 2024Interest RatesDecember 31, 2023Interest RatesSeries 1 promissory notes2025 - 2026$725 12% - 15%$1,911 9% - 15%Related party notes2024 - 202514,000 8% - 15.99%1,000 —%Convertible promissory notes— 6,634 8%WTI Facility202820,000 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:

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Table of ContentsInnventure, Inc. and SubsidiariesNotes to Consolidated Financial Statements(in thousands, except share or per share data)

Year Ending December 31,Amount2025$14,625 20267,295 20278,244 20284,561 Total Debt $34,725 Series 1 Promissory NotesIn 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