Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 125

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 125
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, had or will

have a direct or indirect material interest.

Transactions with AeroFlexx, Accelsius, Innventus ESG Fund I, L.P., and Innventure1, LLC

Management Services

Pursuant to a Management Services Agreement dated August 17, 2018, among Management Services, a wholly

owned subsidiary of Innventure LLC, Innventure GP and the ESG Fund, Innventure earns management fees for

providing administrative, finance and accounting services and other back-office functions for the ESG Fund. For the

years ended December 31, 2024 and 2023, the ESG Fund paid $800 and $800, respectively, for these management

services. As of December 31, 2024 and 2023, the ESG Fund owed to Management Services approximately $600 and

$0, respectively.

Additionally, pursuant to the ESG Fund’s Amended and Restated Limited Partnership Agreement, the ESG

Fund may offset the management services fees owed to Innventure GP and Management Services by the amount in

which the ESG Fund’s expenses exceed $800, for a total of $0 and $0 of costs reimbursed in the fiscal years ended

December 31, 2024 and 2023, respectively.

Option Agreement

On March 12, 2021, Innventure LLC entered into a purchase option agreement with the ESG Fund (then known

as Innventus Fund I, L.P.), pursuant to which the ESG Fund agreed to forfeit previously issued warrants to purchase

Class B-1 preferred units of Innventure LLC in exchange for the grant of an irrevocable option to purchase (i)

145,161 shares of common stock, par value $0.001 per share, of PCT at an exercise price of $1.00 per share, if the

option was exercised after the consummation of certain business combination transactions involving PCT held by

Innventure LLC (the “Option Shares”) or (ii) 13,798 Class A units of PCT at an exercise price of $1.00 per Class A

Unit, if the option was exercised prior to the consummation of certain business combination transactions involving

PCT, held by Innventure LLC. The Option Shares are subject to a contractual lock-up agreement that Innventure

LLC entered into in connection with PCT’s business combination transactions and may only be delivered to the ESG

Fund upon the periodic expiration of such lock