Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019358
Chunk: 189

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 189
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 Successor period ended December 31, 2024 was 13.50% . In connection with the WTI Facility, the Company issued WTI Warrants to the WTI Lenders (as further defined and described in Note 11. Warrants ). The Company accounted for each of the WTI Warrants as detachable warrants at their fair value. The fair value of the WTI Warrants was recorded as a liability and as a discount to the WTI Facility on the consolidated balance sheets . The Company is amortizing the discount over the term of the WTI Facility using the straight-line method. On October 22, 2024, when the Company entered into the WTI Facility, the Company recognized $16,735 as a commitment fee asset on the consolidated balance sheets . On November 15, 2024, when the Company received the First Tranche in the amount of $20,000 , the prorated portion of the commitment fee asset of $6,694 was reclassified to a debt issuance cost within Notes payable, net of current portion and began amortizing over the term of the First Tranche. On November 30, 2024 and December 31, 2024, management determined that the Second and Third Tranche, respectively, could not be drawn upon due to certain operational thresholds which had not been met for these Tranches. Therefore, the Company wrote off $5,021 and $5,021 , respectively on these dates, to Write-off of

F-29 Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

loan commitment fee asset on the consolidated statements of operations and comprehensive income (loss) as the commitment fee asset could no longer benefit the Company in receiving debt financing capital. Interest expense on this facility was as follows:

|                                                                                        |                              Successor |     | Predecessor                           |     |                            |
|                                                                                        | October 2, 2024throughDecember 31,2024 |     | January 1, 2024through October1, 2024 |     | Year endedDecember 31,2023 |
| Interest attributable to contractual interest....................................      |                                   $352 |     | $—                                    |     | $—                         |
| Interest attributable to amortization of issuance costs..................              |                                    248 |     | —                                     |     | —                          |
| Total interest expense................................................................ |                                   $600 |     | $—                                    |     |