Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 249

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 249
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 $1,031 |     | $—            |     |           $2,214 |     | $—            |

Convertible Debentures On March 25, 2025, the Company entered into a securities purchase agreement (“Securities Purchase Agreement”) with Yorkville related to the issuance and sale of convertible debentures (“Convertible Debentures”) with an aggregate principal amount of up to $ 30,000. These Convertible Debentures are convertible into shares of Common Stock (as converted, the “Conversion Shares”). The Convertible Debentures contain certain features which qualify as embedded derivatives requiring bifurcation. Therefore, the bifurcated features are accounted for separately as a compound embedded derivative and included within Embedded derivative liability on the condensed consolidated balance sheets. The host contract, which represents the Convertible Debentures excluding the embedded derivative liability is included in Notes payable - current on the condensed consolidated balance sheets. The Company issued the aggregate principal amount of Convertible Debentures in twotranches tied to separate reporting and filing requirements. On April 14, 2025, the Company issued the first tranche of the Convertible Debentures with a principal amount of $ 20,000in accordance with the Securities Purchase Agreement. The first tranche resulted in gross proceeds to the Company of approximately $ 18,000, representing an original issue discount of 10% and is scheduled to be repaid in twelvemonthly payments with a 5% payment premium due to the lender with each payment. Also on April 14, 2025, the Company issued twowarrants (the “2025 WTI Warrants”) to purchase, at a price of $ 0.01per share (subject to certain limitations and adjustment), up to an aggregate total of 495,074shares of Common Stock, as of the date of issuance and June 30, 2025 (subject to future adjustments to the number and type of shares pursuant to the 2025 WTI Warrants), to the WTI Holders. Each of the 2025 WTI Warrants is exercisable through March 31, 2035. For further information on the 2025 WTI Warrants, refer to Note 10. Warrants. On May 15, 2025, the Company issued the second tranche of Convertible Debentures with a principal amount of $ 10,000in accordance with the Securities Purchase Agreement. The second tranche resulted in gross proceeds to