Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 200

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 200
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 2024, for a principal amount of $ 2,000. The Company entered into amended and restated agreements to amend the terms of these unsecured promissory notes on October 1, 2024. As per the original agreements, the note with the first party contained a loan fee of $ 1,000which was payable with the repayment of the principal amount of the note and the note with the second

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TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) party contained interest at the rate of 11.50% per annum. The principal amounts, loan fees and accrued interest were repayable at the earlier of October 15, 2024 and the first business day following the date of consummation of the Business Combination. As per the amended note with the first party, the maturity date was extended to the earlier of (i) January 31, 2025 and (ii) the first business day following the date on which the Company has sufficient capital to be able to repay all amounts outstanding under the note and otherwise meet its expected working capital needs as determined by the Company in its reasonable discretion. The loan fee of $ 1,000, required under the original agreement, became due on or around the amendment date but as of December 31, 2024 has not yet been paid and interest will accrue at the rate of 15.99% per annum until paid. The amendment was accounted for as a troubled debt restructuring as the Company was provided a concession through a decrease in the effective interest rate. However, no gain or loss was recognized as a result. As per the amended note with the second party, the maturity date was extended to January 31, 2025 and the interest rate was increased to 13.50% per annum. Additionally, $ 1,000of the principal amount became due on or around the amendment date but as of December 31, 2024 has not yet been paid. Interest expense on the related party notes was as follows:

|                        |     |         Successor 
   October 2, 2024 
           through 
 December 31, 2024 |     |     Predecessor 
 January 1, 2024 
         through 
 October 1, 2024 |     | Year ended        
 December 31, 2023 |
|:-----------------------|:----|----------------