Company: INV
Filing Date: 2025-05-19
Form Type: 424B3
Source: 0001628280-25-026457
Chunk: 33

Company: Innventure, Inc.
Filing Date: 2025-05-19
Form: 424B3
Chunk 33
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 options was $4.97 per option based on an expected volatility of 56%, an expected option term of approximately 5.9 years, and risk-free rate of return of 4.06%. The stock options have a maximum contractual life of 10 years from the grant date.

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#### Innventure, Inc. and Subsidiaries

### Notes to Condensed Consolidated Financial Statements
<div align='center'>(Unaudited) (in thousands, except share or per share data)</div>

During the three months ended March 31, 2025 (Successor), the Company recognized compensation costs related to the stock options of $1,027 in the condensed consolidated statements of operations and comprehensive income (loss). As of March 31, 2025, the Company had $5,732 in compensation expense remaining to be recognized over approximately 1.7 years.

Stock Appreciation Rights

In 2024, the Company issued 30,000 cash-settled stock appreciation rights (“SARs”) which were recognized at their fair value as of the date of the grant. These SARs entitle participants to cash equal to the value of the appreciation in Accelsius’ stock price over the base price established of $12.175. These cash-settled SARs are liability classified and are revalued at each reporting period. The SARs were valued using the Black-Scholes option-pricing model based on an expected volatility of 70%, an expected term of approximately 1.75 years, and risk-free rate of return of 4%. The Company recognized a decrease in compensation expense in the amount of $442 in relation to the change in fair value of the cash-settled SARs for the three months ended March 31, 2025 (Successor).

#### Subsidiary Equity Plans
Accelsius Subsidiary Equity Plan

During the three months ended March 31, 2025 (Successor) there were no Class C units granted under the Accelsius Subsidiary Equity Plan. During the three months ended March 31, 2024 (Predecessor), there were 129,700 Class C units granted with a grant date fair value per share of $4.41.

The Company recognized compensation costs related to the Accelsius Subsidiary Equity Plan of $898 and $345 for the three months ended March 31, 2025 (Successor) and the three months ended March