Company: INV
Filing Date: 2025-05-19
Form Type: 424B3
Source: 0001628280-25-026457
Chunk: 49

Company: Innventure, Inc.
Filing Date: 2025-05-19
Form: 424B3
Chunk 49
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 are to meet working capital requirements and operating expense obligations. To date we have financed our operations primarily through cash flows from investing and financing activities.

The following is a summary of the components of our liquidity as of March 31, 2025 and December 31, 2024:

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|                           |     |   | March 31, 2025 |     |   | December 31, 2024 |
|:--------------------------|:----|:--|---------------:|:----|:--|------------------:|
| Cash and cash equivalents |     | $ |          1,375 |     | $ |            11,119 |
| Working capital           |     |   |        -37,039 |     |   |           -45,061 |

On March 25, 2025, the Company entered into the Securities Purchase Agreement with Yorkville for the issuance and sale of the Convertible Debentures in two tranches with an aggregate principal amount of up to $30,000. On April 14, 2025, the Company issued the first tranche of Convertible Debentures with an aggregate principal amount of $20,000 and received $18,000 of gross proceeds. On May 15, 2025, the Company issued the second tranche of Convertible Debentures to Yorkville with an aggregate principal amount of $10,000 and received $9,000 of gross proceeds.

Our future liquidity requirements will depend on many factors, including funding required by us and our Operating Companies to (i) support the growth of the business and the current business strategy; (ii) fund working capital, capital expenditures and general corporate expenditures; and (iii) support other business opportunities and expenditures. Based on current projections, we estimate that Innventure and its Operating Companies will require, in addition to cash on hand, at least $50,000 to meet our collective liquidity requirements for the next 12 months and, to grow the Operating Companies in accordance with our current business plan, the Operating Companies will require at least an additional $25,000.

We expect to satisfy our liquidity requirements through cash on hand, cash generated from the operations of our Operating Companies, and the SEPA with Yorkville (maximum remaining availability of approximately $72,000 as of March 31, 2025), as well as proceeds from additional financings completed by us or our Operating Companies. During the three months ended March 31, 2025