Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 254

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 254
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 Combination, 5,000,000“Company Earnout Shares” were contingently issuable and 344,828“Sponsor Earnout Shares” were issued subject to clawback provisions. The Company Earnout Shares and the Sponsor Earnout Shares are collectively referred to as the “Earnout Shares” and are subject to certain vesting provisions. On January 7, 2025, a total of 344,828Sponsor Earnout Shares fully vested and were no longer subject to contingencies as the Company’s public stock price had surpassed $ 11.50for twentyconsecutive days, thereby fulfilling the vesting provision for the Sponsor Earnout Shares. These vesting conditions were not effective on the Company Earnout Shares until 6months following the Business Combination. On January 8, 2025, the Company’s Board of Directors formally recognized the creation of the Refinity subsidiary, thereby meeting the milestone two conditions for the Company Earnout Shares. As such, 2,000,000shares of Common Stock were issued on February 4, 2025 as a result of the satisfaction of the milestone. F-70 TABLE OF CONTENTS Innventure, Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements (Unaudited) (in thousands, except share or per share data) The Earnout Shares related to milestone three are liability classified and were fair valued at $ 4,370and $ 14,752as of June 30, 2025 and December 31, 2024, respectively. The Company recognized a gain of $ 3,100and $ 9,509in Change in fair value of financial liabilities on the condensed consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2025 (Successor), respectively.

Note 10. Warrants

|                                |     | Number of Public 
         Warrants |     | Number of Private 
          Warrants |     | Number of 2024 WTI 
           Warrants |     | Number of 2025 WTI 
           Warrants |
| Outstanding, December 31, 2024 
 (Successor)                    |     |       11,240,688 |     |         7,146,000 |     |                  2 |     |                  — |
| Exercised                      |     |                — |     |                 — |     |                  — |     |                  — |
| Issued                         |     |