Company: INV
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001628280-25-052397
Chunk: 39

Company: Innventure, Inc.
Filing Date: 2025-11-14
Form: 424B3
Chunk 39
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 31, 2024, respectively. The Company recognized a loss of $1,090 and gain of $8,419 in Change in fair value of financial liabilities on the condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2025 (Successor), respectively.

#### Note 10. Warrants
|                                             |     | Number of Public Warrants |            |     | Number of Private Warrants |           |     | Number of 2024 WTI Warrants |   |     | Number of 2025 WTI Warrants |   |
| Outstanding, December 31, 2024 (Successor)  |     |                           | 11,240,688 |     |                            | 7,146,000 |     |                             | 2 |     |                             | — |
| Exercised                                   |     |                           |          — |     |                            |         — |     |                             | — |     |                             | — |
| Issued                                      |     |                           |          — |     |                            |         — |     |                             | — |     |                             | 2 |
| Outstanding, September 30, 2025 (Successor) |     |                           | 11,240,688 |     |                            | 7,146,000 |     |                             | 2 |     |                             | 2 |

There were no warrants outstanding during the three and nine months ended September 30, 2024 (Predecessor).

#### Public Warrants
The Company’s equity-classified public warrants expire on October 2, 2029 or earlier upon redemption or liquidation and are exercisable for $11.50 per share.

#### Private Placement Warrants
The Company’s liability-classified private placement warrants are measured at fair value based on the price of the public warrants (Level 2 fair value measurement). The private placement warrants will expire on October 2, 2029 or earlier upon redemption or liquidation and are exercisable for $11.50 per share. As of September 30, 2025 (Successor) and December 31, 2024 (Predecessor), the fair value of the private placement warrants is $6,392 and $16,793, respectively, and is presented as a current liability in the condensed consolidated balance sheets. For the three and nine months ended September 30, 2025 (Successor), the Company recognized a gain of $