Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 196

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 196
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 Company never paid or declared dividends, thus the dividend yield is estimated to be 0% as of December 31, 2024. The following table summarizes the inputs used in simulating the Company’s stock price for purposes of valuing the Earnout Shares:

|                |     | October 2, 
       2024 |     | December 31, 
         2024 |
|:---------------|:----|-----------:|:----|-------------:|
| Term           |     |    7 years |     |    6.8 years |
| Stock price    |     |     $10.87 |     |       $13.85 |
| Volatility     |     |     56.00% |     |       56.00% |
| Risk-Free Rate |     |      3.62% |     |        4.42% |
| Dividend Yield |     |         —% |     |           —% |

The Milestone One and Milestone Two Earnout Shares are equity classified and the Milestone Three Earnout Shares are liability classified, as further described in Note 10. Earnout Shares. The assumptions used in measuring fair value of Milestone One and Milestone Three are considered Level 3 inputs, which include weighted average cost of capital risk premium, operational leverage ratio, revenue risk premium and revenue volatility. Milestone One The following table summarizes the unobservable inputs used in estimating the fair value of the Earnout Shares based on revenue for Accelsius (Milestone One):

|                      |     | October 2, 
 2024       |
|:---------------------|:----|:-----------|
| Revenue risk premium |     | 6.10%      |
| Revenue volatility   |     | 44.00%     |

Milestone Two Milestone Two is contingent on the Company’s formation of a new subsidiary, in partnership with an MNC, as determined using the Innventure LLC’s “DownSelect” process, within the Vesting Period. The probability of achievement based on the Company’s analysis was 98% on October 2, 2024. Milestone Three The following table summarizes the unobservable inputs used in estimating the fair value of the Earnout Shares based on revenue for AeroFlexx (Milestone Three):

|                      |     | October 2, 
 2024       |     | December 31, 
 2024         |
|:---------------------|:----|:-----------|:----|: