Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 197

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 197
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| Revenue risk premium |     | 30.60%     |     | 36.10%       |
| Revenue volatility   |     | 165.00%    |     | 176.00%      |

For further information on the Earnout Shares, refer to Note 10. Earnout Shares. Warrants The Company issued freestanding warrants to the WTI Lenders in connection with the WTI Facility (as defined and further described in Note 5. Borrowings and Note 11. Warrants). The fair value measurement of WTI Warrants is based on unobservable inputs (Level 3 fair value measurement).

F-23

TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) The fair value of the WTI Warrants was determined using a Monte Carlo valuation model in which the future stock price is simulated assuming a GBM in a risk-neutral framework. The model utilizes significant assumptions including stock price, stock price volatility, and credit spread. The credit spread relates to estimated counterparty credit risk of Innventure being able to make payments related to the WTI Lenders’ put right, in which the WTI Lenders may exchange the WTI Warrants for a total cash payment of $15,000 after the four-year anniversary of issuance. The risk-free interest rate was determined by reference to the U.S. Treasury yield curve.

|                        |     | October 22, 
        2024 |     | December 31, 
         2024 |
|:-----------------------|:----|------------:|:----|-------------:|
| Stock Price            |     |      $11.50 |     |       $13.85 |
| Stock Price Volatility |     |      56.00% |     |       56.00% |
| Credit Spread          |     |      18.60% |     |       18.80% |

Other Our financial instruments that are 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. Borrowings

| Series 1 promissory notes                            |     |  Maturities 
 2025 - 2026 |     |         Successor