Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 204

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 204
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 first 36 months, the default interest rate is 12% and increases to 18% thereafter.

Noteholders converted their Series 1 promissory notes into Class B Preferred Units as follows:

|                  |     | Successor                                 
 October 2, 2024 through December 31, 2024 |   |     | Predecessor                             
 January 1, 2024 through October 1, 2024 |        |     | Year ended December 31, 2023 |         |
|:-----------------|:----|:------------------------------------------|:--|:----|:----------------------------------------|-------:|:----|:-----------------------------|--------:|
| Principal amount |     | $                                         | — |     | $                                       |    396 |     | $                            |   1,310 |
| Number of shares |     |                                           | — |     |                                         | 40,829 |     |                              | 135,133 |

The conversion rate was based on the Class B Preferred Unit issuance price of $ 9.6992per unit. The noteholders elected to receive the last interest payment due and waive the prepayment fee, if applicable, in connection with the transaction. The Company accounted for the conversion of promissory notes as an extinguishment of debt, the impact of which is immaterial to the Company’s financial statements. Upon Closing of the Business Combination, the option for noteholders to convert their Series 1 promissory notes into Class B Preferred Units is no longer available.

Extensions on Series 1 promissory notes were as follow:

|                                                    |     |     | Interest Rate |   |     | Successor | December 31, 2024 |     | Predecessor | December 31, 2023 |
|:---------------------------------------------------|:----|:----|--------------:|:--|:----|:----------|------------------:|:----|:------------|------------------:|
| Principal amount of 1st extension promissory notes |     |     |            12 | % |     | $         |               122 |     | $           |               829 |
| Principal amount of 2nd extension promissory notes |     |     |            15 | % |     | $         |               603 |     | $           |               890 |

Interest expense on Series 1 promissory notes was as follows:

|                                                         |     | Successor | October 2