Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 201

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 201
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| Total interest expense |     |              $611 |     |            $932 |     | $—                |

In addition to the related party notes above, the Company also has a related party note for $ 1,000that had no stated interest or maturity at issuance. The Company formally came to terms on the related party note by executing an unsecured promissory note with the related party on May 2, 2024. As per the terms of the executed agreement, the principal amount became due on December 21, 2024 but as of December 31, 2024 has not yet been paid and interest will now accrue at the rate of 8.00% per annum. Upon maturity, the Company is required to repay the outstanding principal amount of $ 1,000and a loan fee equal to approximately $ 63. There is no stated interest as per the terms of the executed agreement but it provides for interest at the rate of 8.00% per annum on the outstanding amount from the maturity date if the Company fails to pay any amount due on the maturity date. Convertible Promissory Notes The Company previously issued 8% convertible promissory notes (the “2025 Notes”) that can be converted into equity units at the later of a qualified financing event or upon maturity, which is 36-months. A qualified financing event is one or more transactions that results in gross proceeds of at least $ 2,000. Upon the occurrence of a qualified financing event, the 2025 Notes convert to the series of stock issued in that financing at the lesser of (a) a 20percent discount or (b) $ 200million divided by the number of fully diluted units outstanding immediately prior to the financing. This conversion option is accounted for as a derivative instrument and the fair value of such is discussed in Note 4. Fair Value. On March 31, 2024, the 2025 Notes with a $ 6,000principal balance and $ 755of accrued interest were converted into 693,480Accelsius Series A units at a conversion price of $ 9.74per share. The conversion was pursuant to the occurrence of a qualified financing event. The related embedded derivative liability was extinguished in connection with the conversion, resulting in a loss on conversion of $ 1,119recorded on the consolidated statements of operations and comprehensive income (loss) in the Predecess