Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 81

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 81
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urities Purchase Agreement”) to the issuance and sale of convertible debentures (the “Convertible Debentures”) with an aggregate principal amount of up to $30,000. These Convertible Debentures will be convertible into shares of Common Stock (as converted, the “Conversion Shares”). On the first business day after certain closing conditions are met, including the timely filing of this Form 10-K, the Company will issue $20,000 in aggregate principal amount of Convertible Debentures (the “First Closing Date”). Additionally, the Company will issue an additional $10,000 in aggregate principal amount of Convertible Debentures after both (i) the registration statement filed with the SEC registering the resale of the Conversion Shares is declared effective by the SEC and (ii) the Company receives stockholder approval. The Convertible Debentures will not bear interest unless an event of default occurs, in which case the Convertible Debentures will bear interest at an annual rate of 18%. The Convertible Debentures will mature 15 months after the First Closing Date and can be converted into shares of Common Stock at a conversion price to be determined. The Convertible Debentures were issued at an original issue discount of 10%. In connection with this agreement, the Company agreed to issue warrants to purchase up to 300,000 shares of Common Stock to the WTI Lenders. These warrants serve as consideration for the WTI Lenders’ consent to the transaction. The warrants have an exercise price of $0.01 per share and are exercisable until March 31, 2035, with additional customary rights and protections. See further discussion of the Convertible Debentures in Note 21. Subsequent Events within the notes to the consolidated financial statements. Cash Flows Cash flows associated with operating, investing and financing activities for the years ended December 31, 2024 and 2023 are summarized as follows: 55

Successor Predecessor S/P Combined 2024 Predecessor Change October 2, 2024 through December 31, 2024 January 1, 2024 through October 1, 2024 Year ended December 31, 2024 Year ended December 31, 2023 Amount % Change Net Cash Used in Operating Activities .. $ (29,214) $ (18,848) $ (48,062) $ (19,476) $ (28,586) 146.8 % Net Cash Provided by (Used in) Investing