Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 199

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 199
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 1, 2024 |     |        Year ended 
 December 31, 2023 |
|:-----------------|:----|:------------------|:----|----------------:|:----|------------------:|
| Principal amount |     | $—                |     |            $396 |     |            $1,310 |
| Number of shares |     | —                 |     |          40,829 |     |           135,133 |

The conversion rate was based on the Class B Preferred Unit issuance price of $9.6992 per unit. The noteholders elected to receive the last interest payment due and waive the prepayment fee, if applicable, in connection with the transaction. The Company accounted for the conversion of promissory notes as an extinguishment of debt, the impact of which is immaterial to the Company’s financial statements. Upon Closing of the Business Combination, the option for noteholders to convert their Series 1 promissory notes into Class B Preferred Units is no longer available. Extensions on Series 1 promissory notes were as follow:

|                                                    |     | Interest Rate |     |         Successor 
 December 31, 2024 |     |       Predecessor 
 December 31, 2023 |
|:---------------------------------------------------|:----|:--------------|:----|------------------:|:----|------------------:|
| Principal amount of 1st extension promissory notes |     | 12%           |     |              $122 |     |              $829 |
| Principal amount of 2nd extension promissory notes |     | 15%           |     |              $603 |     |              $890 |

Interest expense on Series 1 promissory 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 |
|:--------------------------------------------------------|:----|------------------:|:----|----------------:|:----|------------------:|
| Interest attributable to contractual interest           |     |               $29 |     |            $138 |     |              $297 |
| Interest attributable to amortization of issuance costs |     |                 — |     |               — |     |                32 |
| Total