Company: INV
Filing Date: 2025-08-14
Form Type: 424B3
Source: 0001628280-25-040412
Chunk: 37

Company: Innventure, Inc.
Filing Date: 2025-08-14
Form: 424B3
Chunk 37
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 $11.50 for twenty consecutive days, thereby fulfilling the vesting provision for the Sponsor Earnout Shares. These vesting conditions were not effective on the Company Earnout Shares until 6 months following the Business Combination.

On January 8, 2025, the Company’s Board of Directors 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 $4,370 and $14,752 as of June 30, 2025 and December 31, 2024, respectively. The Company recognized a gain of $3,100 and $9,509 in Change in fair value of financial liabilities on the condensed consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2025 (Successor), respectively.

#### Note 10. Warrants
|                                            |     | Number of Public Warrants |            |     | Number of Private Warrants |           |     | Number of 2024 WTI Warrants |   |     | Number of 2025 WTI Warrants |   |
| Outstanding, December 31, 2024 (Successor) |     |                           | 11,240,688 |     |                            | 7,146,000 |     |                             | 2 |     |                             | — |
| Exercised                                  |     |                           |          — |     |                            |         — |     |                             | — |     |                             | — |
| Issued                                     |     |                           |          — |     |                            |         — |     |                             | — |     |                             | 2 |
| Outstanding, June 30, 2025 (Successor)     |     |                           | 11,240,688 |     |                            | 7,146,000 |     |                             | 2 |     |                             | 2 |

There were no warrants outstanding during the three and six months ended June 30, 2024 (Predecessor).

#### Public Warrants
The Company’s equity-classified public warrants expire on October 2, 2029 or earlier upon redemption or liquidation and are exercisable for $11.50 per share.

#### Private Placement Warrants