Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019356
Chunk: 205

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 205
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 Financial Statements
<div align='center'>(in thousands, except share or per share data)</div>

#### Series 1 Promissory Notes
In 2018, the Company authorized the issuance and sale of unsecured promissory notes to investors up to $35,000. From 2018 to 2021, the Company issued promissory notes with a total principal amount of $4,936. The notes require monthly interest payments, have an original maturity period of 36-48 months, and bear interest at 9%-12% per annum. The notes contain two term extension options, at the Company’s election, which can extend the notes’ maturity period to 60 months in total. If the Company elects its first term extension option, the note will bear interest at 12% for months 36 through 48. If the Company elects its second term extension option, the notes will bear interest at 15% for months 48 through 60.

In the event of a change of control or a portfolio company sale, the notes are required to be repaid. In the event of a default, noteholders may elect to convert notes into common units of the Company equal to two times the unpaid principal balance plus accrued but unpaid interest at the time of conversion at a pre-money valuation agreed to by a majority of the converting noteholders. If the Company is in default due to lack of payment and the noteholders do not elect repayment, notes will accrue interest at the default rate. During the first 36 months, the default interest rate is 12% and increases to 18% thereafter.

Noteholders converted their Series 1 promissory notes into Class B Preferred Units as follows:

|                  |     | Successor                                 
 October 2, 2024 through December 31, 2024 |   |     | Predecessor                             
 January 1, 2024 through October 1, 2024 |        |     | Year ended December 31, 2023 |         |
|:-----------------|:----|:------------------------------------------|:--|:----|:----------------------------------------|-------:|:----|:-----------------------------|--------:|
| Principal amount |     | $                                         | — |     | $                                       |    396 |     | $                            |   1,310 |
| Number of shares |     |                                           | — |     |                                         | 40,829 |     |                              | 135,133