Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 143

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 143
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 2 Units of Accelsius for aggregate proceeds of approximately $100.

#### 2025 Convertible Notes
On June 26, 2025, Accelsius entered into the CPN with Mr. Joshua Claman, Chief Executive Officer of Accelsius. The maximum principal amount under the CPN is $3,000, issuable in three equal draws, upon the request of Accelsius and subject to Mr. Claman’s sole discretion. Accelsius received the first draw amounting to $1,000 on June 27, 2025 and the second draw amounting to $1,000 on July 24, 2025. The CPN has a stated interest rate of 15% and Accelsius is required to pay a loan fee (“Loan Fee”) of $35 upon maturity, repayment or conversion of this note. Since the CPN was issued, the largest aggregate amount of principal outstanding was approximately $12,000. The CPN was repaid in full, including $73,562 of interest and a $35,000 fee, on October 8, 2025.

The CPN was convertible at the option of Mr. Claman for all amounts due under this note, including the Loan Fee, into either preferred units of Accelsius at a price equal to 80% of the next funding round price if Accelsius raises at least $5,000 from unaffiliated investors, or into common units of Accelsius, if no such funding round occurs before the maturity date, with unit pricing of common units determined by an independent valuation firm. In connection with the JCI Closing, the CPN became convertible into Series B-2 Units.

The CPN had a maturity date of December 31, 2025; was subordinated to the WTI Facility and the Convertible Debentures; and each of the WTI Lenders and Yorkville have been granted certain rights under the CPN. As a result of the JCI Closing, Mr. Claman had the right to demand payment of such note at any time, and the CPN was no longer subordinated to repayments of indebtedness under the WTI Facility and the Convertible Debentures. Furthermore, pursuant to a Side Letter, dated June 26, 2025, by and among the Company, Innventure LLC, Accelsius and Mr. Claman, until such time as the CPN was either repaid in full or converted into equity of Accelsius, the Company could not seek repayment of any portion of