Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019358
Chunk: 198

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 198
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 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 $1,265 and 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 , 259,309 public 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 $2,982 cash 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

F-36 Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

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 $786 and $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 $16,007 in 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 .

|                                                                    |                   |     |                |     |                 |     |        Successor |
|                                                                    |                   |     |                |     |                 |     | December 31,2024 |
|                                                                    | Number ofWarrants |     | Exercise Price |     | Expiration Date |     |          Balance |
| Private Warrants.................................................. |         7,146,000 |     |         $11.50 |     | 10/2/2029       |     |          $16,793 |

WTI Warrants On October 22,