Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 207

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 207
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ued and Outstanding at Closing |     |                  |     |                  |     |   43,589,850 |

The consideration transferred for the Business Combination is summarized as follows:

| Holdco Common Stock transferred to Innventure Members(1) |     | $418,441 |
| Contingent consideration(2)                              |     |   53,980 |
| Consideration transferred                                |     |  472,421 |
| Non-controlling interest(3)                              |     |  343,030 |
| Total business enterprise value                          |     | $815,451 |

F-29

TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

| (1) | Represents the fair value of the 38,494,999 of aggregate consideration paid in shares (excluding the Company Earnout shares) at a Closing share price of $10.87. |

| (2) | Represents the fair value of the Company Earnout Shares issued and contingently issuable to Innventure Members. Refer to Note 10. Earnout Shares for more details. |

| (3) | The non-controlling interest represents the fair value of equity in Accelsius held by non-controlling parties. The fair value is calculated using a discounted cash flow methodology to determine the Accelsius equity value which is pro rated by the non-controlling ownership percentage (Level 3). Significant inputs used to measure the fair value of the non-controlling interest include the long-term growth rate of 3%, normalized tax rate of 27.9%, normalized net working capital of 18%, and weighted average cost of capital of 17.6%. |

Investing cash flow activity as a result of the Business Combination is summarized as follows:

|                                                                      |     | Amount |
| Cash consideration transferred                                       |     |     $— |
| Add: Cash and cash equivalents acquired                              |     |     16 |
| Investing cash flow activity as a result of the Business Combination |     |    $16 |

On the Closing Date, Innventure settled certain obligations using cash from the Learn CW trust account that was released at Closing and financing secured through Series B Preferred Stock. The financing secured through Series B Preferred Stock is discussed in Note 13. Stockholders’ Equity.

|                                                           |     |  Amount |
| Cash proceeds from Learn CW trust account                 |     | $11,342 |
| Net cash proceeds from Series B Preferred Stock