Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 202

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 202
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 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 $1,119 recorded on the consolidated statements of operations and comprehensive income (loss) in the Predecessor period from January 1, 2024 through October 1, 2024. Interest expense on the 2025 Notes was as follows:

|                                               |     | Successor         
 October 2, 2024   
 through           
 December 31, 2024 |     |     Predecessor 
 January 1, 2024 
         through 
 October 1, 2024 |     |        Year ended 
 December 31, 2023 |
|:----------------------------------------------|:----|:------------------|:----|----------------:|:----|------------------:|
| Interest attributable to contractual interest |     | $—                |     |            $120 |     |              $583 |

F-26

TABLE OF CONTENTS

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

|                                                            |     | Successor         
 October 2, 2024   
 through           
 December 31, 2024 |     |     Predecessor 
 January 1, 2024 
         through 
 October 1, 2024 |     |        Year ended 
 December 31, 2023 |
|:-----------------------------------------------------------|:----|:------------------|:----|----------------:|:----|------------------:|
| Interest attributable to amortization of implied discounts |     | —                 |     |             231 |     |               456 |
| Total interest expense                                     |     | $—                |     |            $351 |     |            $1,039 |

The Company has accrued interest of $— and $634 in convertible promissory notes as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, the unamortized discount was $— and $2,133, respectively. WTI Facility On October 22, 2024, the Company entered into a term loan with WTI Fund X, Inc. and WTI Fund XI, Inc., (collectively, “WTI Lenders”). The terms of the loan provides for a term loan facility in the aggregate principal amount of up to $