Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 44

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 44
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2,000 from Dr. John Scott, Innventure’s Chief Strategy Officer. Interest will accrue on the Scott Bridge Note at

a rate of eleven and half percent (11.5%) per annum plus, in the case of an event of default, an additional two percent (2%)

per annum, amounts will be advanced under the Scott Bridge Note upon written request and, otherwise, the Scott Bridge

Note has terms identical to the Glockner Bridge Note.

On October 1, 2024, the Company and the Glockner Lender amended and restated the Glockner Bridge Note (as

amended, the “A&R Glockner Bridge Note”). The A&R Glockner Bridge Note was issued in the principal amount of

$10,000 and such borrowings are due upon the earlier of January 31, 2025 and the first business day following the date on

which the Company has sufficient capital to be able to repay all amounts outstanding under such note and otherwise meet

its expected working capital needs, as determined by the Company in its reasonable discretion. From and after the issuance

date of the A&R Glockner Bridge Note, such note will bear interest at 15.99% per annum, payable in arrears on the first

business day of each calendar month, beginning on November 1, 2024. In the event of a failure to pay any amount due

under the A&R Glockner Bridge Note, such failure will not constitute an event of default unless certain other conditions

are met. The Company also agreed to pay the Glockner Lender $1,000 as a loan fee in connection with entry into the A&R

Glockner Bridge Note. As described above, Mr. Donnally serves as the managing member of the Glockner Lender’s

general partner, Bellringer Consulting Group LLC. On March 20, 2025, the Glockner Lender agreed to deem as repaid in

full and otherwise terminated all loans and other obligations of Innventure LLC to the Glockner Lender under the A&R

Glockner Bridge Note and any loan documentation executed in connection with the A&R Glockner Bridge Note in

exchange for the issuance to the Glockner Lender of 1,392,059 shares of Series C Preferred Stock on March 24, 2025.

On October 1, 2024, the Company and Dr. John Scott agreed to amend and restate the Scott Bridge Note (as

amended, the “A