Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 129

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 129
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 “Otworth

Promissory Note”) which provides that the indebtedness has no stated interest and matures on December 21, 2024.

75

Per the executed agreement, on the maturity date, the Company is required to repay the outstanding principal

amount of the related party note and a loan fee equal to $63. If the Company failed to pay any amount due under the

related party note on the maturity date thereof, interest will accrue on the amount outstanding at a rate of eight

percent (8%) per annum from the maturity date.

On March 20, 2025, Mike Otworth agreed to deem as repaid in full and otherwise terminated all loans and other

obligations of Innventure LLC to Mike Otworth under the Otworth Promissory Note and any loan documentation

executed in connection with the Otworth Promissory Note in exchange for (i) Mike Otworth’s receipt in cash of

$180 and (ii) the issuance to Mike Otworth of 114,161 shares of Series C Preferred Stock on March 24, 2025.

Transactions Involving Innventure1

From time to time, Innventure1 LLC (“Innventure1”) pays expenses on behalf of Innventure LLC pursuant to a

related party note, with settlement of such amounts to be agreed upon by management of each of Innventure1 and

Innventure LLC. On October 31, 2023, Innventure LLC entered into a debt conversion agreement with Innventure1.

During the year ended December 31, 2023, and pursuant to the terms of the debt conversion agreement, the

Company extinguished the related party note with Innventure1 and converted this note in the amount of $500 into

52,010 Class B Preferred Units based on the Class B Preferred Unit issuance price of $9.6992 per unit. The nature of

this indebtedness is primarily expenses paid on the Company’s behalf and settlement was agreed upon by the

management of the two related parties. The indebtedness has no stated interest and no maturity date.

ESG Fund Obligations

On May 24, 2023, Innventure LLC and WE-INN paid to the ESG Fund its capital call obligation of

approximately $100.

Class B-1 Unit Purchase Agreement

On August 25, 2023, Innventure LLC entered into a unit purchase agreement with each of John Scott and

Michael Otworth (each a