Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 35

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 35
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 and AeroFlexx’s ability to merge or consolidate with another entity. Since the date of the AeroFlexx Loan

Agreement, the largest amount of principal outstanding $10,000 and no interest or principal has been paid on the Term

Loans, and as of March 31, 2025 the current amount outstanding is $10,307 following the conversion of $7,300 on January

2, 2025 and the inclusion of the $4,400 informal loan under the AeroFlexx Loan Agreement. Subsequent to the date on

which the $10,000 cap on the AeroFlexx Loan Agreement was achieved, Innventure has also informally loaned an

additional $4,155 to AeroFlexx.

On March 30, 2023, Innventure LLC entered into a loan and security agreement with Accelsius. Under the loan

and security agreement, Innventure LLC agreed to loan, from time to time, up to $6,000 in term loans to Accelsius, with a

minimum loan of $10 per term loan. On December 13, 2023, the loan and security agreement was amended to increase the

aggregate amount available to be loaned to Accelsius to $12,000. On April 10, 2024, the loan and security agreement was

amended to allow for all or any portion of the term loans to be re-borrowed. On July 1, 2024, the loan and security

agreement was amended to remove the requirement that interest under the term loans be paid in kind. Outstanding principal

amounts accrue interest at the annual applicable federal rate published by the IRS and are adjusted quarterly. In lieu of

repayment in cash, at its option, Innventure may convert the outstanding principal amount of the term loans and any unpaid

accrued interest, fees and expenses into equity securities of Accelsius issued in a bona fide equity financing for investment

purposes. To date, Accelsius has borrowed $17,075 in the aggregate, of which $5,075 of principal has been repaid and $84

of interest has been repaid. As of December 31, 2024, approximately $12,408 was outstanding under the loan and security

agreement, including $408 of accrued interest. In addition, to date, Innventure LLC has informally loaned Accelsius

$1,200. As described elsewhere in this report, all intercompany transactions and balances have been eliminated