Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 209

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 209
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 on the consolidated balance sheets

F-36 Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

given their exercisable term, which is 30 days from Closing. The private placement warrants are measured at fair

value based on the price of the public warrants (Level 2 fair value measurement).

As of Closing and December 31, 2024 , the fair value of the liability-classified private placement warrants is

$ 786 and $ 16,793 , respectively, and is presented in the consolidated balance sheets . For the Successor period from

October 2, 2024 through December 31, 2024, the company recognized a loss of $ 16,007 in Change in fair value of

financial liabilities on the consolidated statements of operations and comprehensive income (loss) . There were no

private warrants exercised for the year ended December 31, 2024 .

|                                                                    |                   |     |                |     |                 |     |        Successor |
|                                                                    |                   |     |                |     |                 |     | December 31,2024 |
|                                                                    | Number ofWarrants |     | Exercise Price |     | Expiration Date |     |          Balance |
| Private Warrants.................................................. |         7,146,000 |     |         $11.50 |     | 10/2/2029       |     |          $16,793 |

WTI Warrants

On October 22, 2024, in connection with the WTI Facility, the Company issued warrants (the “ WTI Warrants ” )

to the WTI Lenders. The WTI Warrants allow the holders to acquire shares of the Company’s Common Stock or any

future equity securities issued by the Company ( “ Subsequent Round Stock ” ) for cash, at a purchase price equal to

$ 0.01 per share. The number of shares acquirable is determined by dividing $ 10,000 by the applicable exercise

price, which varies depending on the type of stock acquired and certain other conditions.

• If the WTI Lenders choose to exercise the warrants for Common Stock, the exercise price is $ 10.00 per

share; however, if the volume-weighted average price (VWAP) of the Company's Common Stock is less

than $ 10.00 per share as of the date which is eighteen months after the Company's Common Stock began