Company: INV
Filing Date: 2025-05-19
Form Type: 424B3
Source: 0001628280-25-026459
Chunk: 66

Company: Innventure, Inc.
Filing Date: 2025-05-19
Form: 424B3
Chunk 66
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 |                              |     | -83,067 |                              |     | -29,752 |
| Transaction and other related costs(2)           |     |                                                       |     |   2,309 |                                     |     |   9,414 |                              |     |  11,723 |                              |     |   3,452 |
| Change in fair value of financial liabilities(3) |     |                                                       |     |  20,946 |                                     |     |     478 |                              |     |  21,424 |                              |     |    -766 |
| Stock based compensation(4)                      |     |                                                       |     |  16,338 |                                     |     |   1,056 |                              |     |  17,394 |                              |     |     910 |
| Adjusted EBITDA                                  |     |                                                       |     | -17,154 |                                     |     | -15,372 |                              |     | -32,526 |                              |     | -26,156 |

(1) Interest expense, net – For the combined twelve months ended December 31, 2024, interest expense, net includes interest incurred on our various borrowing facilities and the amortization of debt issuance costs. Additional debt issuance cost associated with a loan commitment fee asset in the amount of $10,041 was written off in combined twelve months ended December 31, 2024 and has also been included in this adjustment. This amount is representative of the asset associated with the second and third tranches of the WTI facility. When it became known that we would not be able to draw on these subsequent tranches based on certain metrics contained within the WTI Facility agreement, we immediately wrote this asset off. For the Predecessor year ended December 31, 2023, this balance is comprised entirely of interest incurred on our various borrowing facilities.

(2) Transaction and other related costs – For the combined twelve months ended December 31, 2024 and for the Predecessor year ended December 31, 2023 this is comprised entirely of consulting, legal, and other professional fees related to the “Business Combination.

(3) Change in fair value of financial liabilities – For the combined twelve months ended December 31, 2024 the change in fair value of financial liabilities primarily consists of the change in fair value of the warrant liability, change in fair value of the earnout liability, and the change in the fair value of the embedded derivative