Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 130

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 130
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 “Purchaser” and together the “Purchasers”), who are each members of Innventure1. Under

the terms of the unit purchase agreements, Innventure LLC agreed to issue the Purchasers 171,498 and 260,787

Class B-1 Preferred Units, respectively, upon the release of Dr. Scott and Mr. Otworth’s contractual restrictions

under lock-up agreements entered into between Dr. Scott and Mr. Otworth and PCT. The Purchasers agreed to

purchase such Class B-1 Preferred Units at a price of $9.6992 per unit (based on a weighted average of the closing

price on the NASDAQ Global Market of PCT’s common stock during the 30-day period ending on the date on

which the exchange closed, multiplied by 0.8) in exchange for contributing certain shares of PCT’s common stock to

Innventure LLC, with the aggregate purchase price of the Class B-1 Preferred Units totaling approximately $1,700

and $2,500, respectively. Following discussions to place the Purchasers in, as closely as possible, the same

economic position following the Business Combination, the parties terminated this arrangement in connection with

the Closing.

Intercompany Advancement of Expenses

In the normal course of business, Innventure LLC has made advances for certain expenses on behalf of

AeroFlexx, Accelsius, the ESG Fund and Refinity. These advances are typically made on a month-to-month basis,

meaning that they are incurred one month and repaid the following month. As of December 31, 2024, $246 of the

respective advances have been fully reimbursed, and the remainder is added to the respective letter-of-credit

76

outstanding balance or otherwise remains outstanding. The following table details the aggregate amount advanced to each company (in excess of $120) per year since 2023:

| Company Name                                                                                                                |     | Fiscal Year EndedDecember 31, 
                          2024 |     | 2023 |
|:----------------------------------------------------------------------------------------------------------------------------|:----|------------------------------:|:----|-----:|
| Accelsius.................................................................................................................  |     |                          $126 |     |  160 |
| AeroFlexx...............................................................................................................    |     |                             * |     |    * |
| ESG Fund...............................................................................................................     |     |                             * |     |    * |
| Refinity................................................................................................................... |     |                          $539