Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 208

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 208
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 | $                                       | 351 |     | $                            | 1,039 |

The Company has accrued interest of $ —and $ 634in convertible promissory notes as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, the unamortized discount was $ —and $ 2,133, respectively.

WTI Facility

On October 22, 2024, the Company entered into a term loan with WTI Fund X, Inc. and WTI Fund XI, Inc., (collectively, “WTI Lenders”). The terms of the loan provides for a term loan facility in the aggregate principal amount of up to $ 50,000(the "WTI Facility"), of which (i) up to $ 20,000is made available after October 22, 2024 and through November 15, 2024 (the "First Tranche"); (ii) up to $ 15,000is made available after November 1, 2024 and through November 30, 2024 (the "Second Tranche"); and (iii) up to $ 15,000will be made available after December 31, 2024 and through January 31, 2025 (the "Third Tranche") (provided that up to $ 7,500of the Third Tranche will be made available until March 31, 2025), in each case, subject to the satisfaction of certain conditions, including, with respect to each of the Second Tranche and the Third Tranche, satisfaction of certain financial conditions and the WTI Lenders’ satisfaction with the Company’s forward-looking plan at such time.

Borrowings under the WTI Facility will accrue interest at a rate per annum equal to the greater of (i) the “prime rate” of interest, as published by The Wall Street Journal on the date that the WTI Lenders prepare the promissory notes for the borrowings under such tranche, plus 5% and (ii) 13.50% and will amortize, after an interest-only period of twelve monthsin the case of the First Tranche and six monthsin the case of each of the Second Tranche and the Third Tranche, in equal monthly installments over a period of thirty months. Obligations are secured by a lien on the majority of the assets of Innventure LLC and Innventure, Inc.

The Company received all