Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 196

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 196
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 the WTI Lenders in connection with the WTI Facility (as defined and further described in Note 5. Borrowings and Note 11. Warrants). The fair value measurement of WTI Warrants is based on unobservable inputs (Level 3 fair value measurement).

F-23

TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) The fair value of the WTI Warrants was determined using a Monte Carlo valuation model in which the future stock price is simulated assuming a GBM in a risk-neutral framework. The model utilizes significant assumptions including stock price, stock price volatility, and credit spread. The credit spread relates to estimated counterparty credit risk of Innventure being able to make payments related to the WTI Lenders’ put right, in which the WTI Lenders may exchange the WTI Warrants for a total cash payment of $ 15,000after the four-yearanniversary of issuance. The risk-free interest rate was determined by reference to the U.S. Treasury yield curve.

|                        |     | October 22, 
        2024 |     | December 31, 
         2024 |
|:-----------------------|:----|------------:|:----|-------------:|
| Stock Price            |     |      $11.50 |     |       $13.85 |
| Stock Price Volatility |     |      56.00% |     |       56.00% |
| Credit Spread          |     |      18.60% |     |       18.80% |

Other Our financial instruments that are not re-measured at fair value include prepaid expenses and other current assets, due from related parties, other assets, accounts payable, accrued expenses, accrued employee benefits, other current liabilities and other liabilities as the carrying amounts approximate fair value due to the short maturity terms of these instruments.

Note 5. Borrowings

| Series 1 promissory notes                            |     |  Maturities 
 2025 - 2026 |     |         Successor 
 December 31, 2024 
              $725 |     | Interest Rates 
 12% -15%       |     |       Predecessor 
 December 31, 2023 
            $1,911 |     | Interest Rates 
 9% -15%        |
|:-----------------------------------------------------|:----|------------:|:----|----------------