Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 216

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 216
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 Upon Closing of the Business Combination, the Company became liable for $ 441 of Common Stock divided by the conversion price of $ 10.87 , resulting in 40,552 shares. In connection with the closing of the WTI

F-40 Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

Facility mentioned in Note 5. Borrowings , the Company became liable for $ 500 worth of Common Stock calculated as the volume-weighted average price of the Common Stock over the five consecutive trading days ending on the trading day immediately preceding November 15, 2024, $ 11.13 , for a total of 44,919 shares. The resulting liabilities for these unissued securities are included within Liability for future equity issuance on the consolidated balance sheets . In October 2023, the Company entered into an agreement to receive financial advisory services in exchange for equity. Upon Closing of the Business Combination, the Company is obligated to pay a success fee in cash in an amount of $ 600 and equity success fee in $ 3,000 of Series C Preferred Stock, par value $ 0.0001 per share, of the Company (the “Series C Preferred Stock”) at $ 10.00 per share. As of December 31, 2024 , the Company has no Series C Preferred Stock outstanding and, therefore, has not yet issued this 300,000 Series C Preferred Stock. The resulting liabilities for these unissued securities are included within Obligation to issue equity on the consolidated balance sheets . Note 14. Stock-based Compensation

Capital Incentive Plan

The Predecessor’s capital incentive plan (the “Capital Incentive Plan”), as amended, permitted the grant of

1,585,125 shares of Class C Units to its employees, directors, and consultants, as designated by the Board of

Directors. Upon Closing of the Business Combination, the vesting of all Innventure LLC unvested Class C Capital

Incentive Plan units was accelerated, resulting in 203,651 units vested and additional compensation expense of $ 223 .

The Class C Capital Incentive Plan units were then immediately exchanged as part of the Business Combination for

Common Stock.

The Company recognized compensation costs related to the Capital Incentive Plan as follows:**

|                                                                                        | Successor                                         |     |                                     Predecessor |     |                            |
|                                                                                        | Period fromOctober 2, 2024through