Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 221

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 221
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idiary Equity Plan”). In March 2023, the Accelsius Subsidiary Equity Plan was amended to permit the grant of 3,300,000Class C units of the subsidiary to the subsidiary’s employees, directors, and consultants, as designated by the Board of Directors. The awards vest over the period defined in each individual grant agreement which is generally accelerated upon a change of control event. Accelsius has the option to repurchase all vested units upon an employee’s termination of employment or service. The summary of Accelsius Subsidiary Equity Plan activity is as follows:

|                                                  |     |  Successor Period 
       Period from 
   October 2, 2024 
           through 
 December 31, 2024 |     | Predecessor Period 
        Period from 
    January 1, 2024 
            through 
    October 1, 2024 |     |        Year ended 
 December 31, 2023 |
|:-------------------------------------------------|:----|------------------:|:----|-------------------:|:----|------------------:|
| Compensation expense                             |     |            $1,341 |     |               $918 |     |              $705 |
| Class C units granted                            |     |           168,500 |     |            110,000 |     |           365,500 |
| Weighted average grant date fair value per share |     |            $46.38 |     |              $4.41 |     |             $3.80 |

Note: The grant date fair value per share for the year ended December 31, 2023 is an average amount.

F-40

TABLE OF CONTENTS Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) The Company recognizes compensation costs within General and administrative, Sales and marketing and Research and development expense in the consolidated statements of operations and comprehensive income (loss). As of December 31, 2024, the Company had $ 8,103in unit-based compensation expense remaining to be recognized over approximately 2.42years. The grant date fair value was estimated using an Option Pricing Model to allocate the total equity value of Accelsius to the Class C Units. The total equity value was estimated using the Discounted Cash Flow method and Management’s projections. The resulting values of Class C Units were then discounted for lack of marketability ( 20%). Series A Issuance On October,