Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 203

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 203
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 up to $ 15,000is made available after November 1, 2024 and through November 30, 2024 (the “Second Tranche”); and (iii) up to $ 15,000will be made available after December 31, 2024 and through January 31, 2025 (the “Third Tranche”) (provided that up to $ 7,500of the Third Tranche will be made available until March 31, 2025), in each case, subject to the satisfaction of certain conditions, including, with respect to each of the Second Tranche and the Third Tranche, satisfaction of certain financial conditions and the WTI Lenders’ satisfaction with the Company’s forward-looking plan at such time. Borrowings under the WTI Facility will accrue interest at a rate per annum equal to the greater of (i) the “prime rate” of interest, as published by The Wall Street Journal on the date that the WTI Lenders prepare the promissory notes for the borrowings under such tranche, plus 5% and (ii) 13.50% and will amortize, after an interest-only period of twelve monthsin the case of the First Tranche and six monthsin the case of each of the Second Tranche and the Third Tranche, in equal monthly installments over a period of thirty months. Obligations are secured by a lien on the majority of the assets of Innventure LLC and Innventure, Inc. The Company received all $ 20,000of the First Tranche on November 15, 2024. The First Tranche, principal and interest, shall be repaid over a period of 30months in equal, monthly installments, commencing after an initial 12-month period of interest-only monthly payments, resulting in a total term of 42months. The interest rate on the outstanding principal amounts under the WTI Facility for the 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