Company: INV
Filing Date: 2025-05-19
Form Type: 424B3
Source: 0001628280-25-026457
Chunk: 28

Company: Innventure, Inc.
Filing Date: 2025-05-19
Form: 424B3
Chunk 28
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ated Financial Statements
<div align='center'>(Unaudited) (in thousands, except share or per share data)</div>

|                                                             |     | Amortization Expense |         |
|:------------------------------------------------------------|:----|:---------------------|--------:|
| 2025 (excluding the first three months of fiscal year 2025) |     | $                    |  16,212 |
| 2026                                                        |     |                      |  21,616 |
| 2027                                                        |     |                      |  21,234 |
| 2028                                                        |     |                      |  20,073 |
| 2029                                                        |     |                      |  18,853 |
| 2030 and thereafter                                         |     |                      |  78,762 |
| Total                                                       |     | $                    | 176,750 |

#### Note 9. Earnout Shares
As further discussed in our 2024 Annual Report, upon Closing of the Business Combination, 5,000,000 “Company Earnout Shares” were contingently issuable and 344,828 “Sponsor Earnout Shares” were issued subject to clawback provisions. The Company Earnout Shares and the Sponsor Earnout Shares are collectively referred to as the “Earnout Shares” and are subject to certain vesting provisions.

On January 7, 2025, a total of 344,828 Sponsor Earnout Shares fully vested and were no longer subject to contingencies as the Company’s public stock price had surpassed $11.50 for twenty consecutive days, thereby fulfilling the vesting provision for the Sponsor Earnout Shares. These vesting conditions are not effective on the Company Earnout Shares until 6 months following the Business Combination.

On January 8, 2025, the Board formally recognized the creation of the Refinity subsidiary, thereby meeting the milestone two conditions for the Company Earnout Shares. As such, 2,000,000 shares of Common Stock were issued on February 4, 2025 as a result of the satisfaction of the milestone.

The Earnout Shares related to milestone three are liability classified and were fair valued at $7,470 and $14,752 as of March 31, 2025 and December 31, 2024, respectively. The Company recognized a gain of $6,409 in Change in fair value of financial liabilities on the condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2025