Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 227

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 227
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 31, 2024

and 2023 , there was no principal outstanding under the guaranty.

Patent Agreement Contingent Fees

In 2022, the Company entered into two agreements with an MNC to purchase in-process research and

development consisting of patents, technology, and knowledge transfer related to cooling technology for critical

electronic equipment in a transaction that was determined to be an asset acquisition.

Under the terms of the agreements, the Company is required to make minimum installment payments, as

disclosed below, for each year of the agreement through February 1, 2040. Each installment payment shall be

credited towards and set off against any royalty payments (described below) which may become due. As such, these

installment payments serve as minimum amounts due to the MNC each calendar year.

Minimum royalties included in Patent installment payables on the consolidated balance sheets are due as

follows:

| Years Ending December 31,                                                                                                                                 |     |  Amount |
| 2025..................................................................................................................................................... |     |  $1,225 |
| 2026..................................................................................................................................................... |     |     825 |
| 2027..................................................................................................................................................... |     |     825 |
| 2028..................................................................................................................................................... |     |     825 |
| 2029..................................................................................................................................................... |     |     825 |
| Thereafter.............................................................................................................................................   |     |   9,075 |
| Total.................................................................................................................................................... |     | $13,600 |

**F-49

Innventure, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

(in thousands, except share or per share data)

The Company is committed to make royalty payments on direct revenue generated from the subject technology and indirect revenue generated including additional incentives based on the volume of units sold at percentage rates in the single digits to mid-teens as defined within the respective agreement. Each year the Company will pay such royalties at the higher of: (i) the minimum amount due (noted in the table above) and (ii) the royalty calculated amount based on revenue and units sold. License and Royalty Commitments On December 12, 2024 , the Company entered into a license agreement (the “Technology License”) with a third party to obtain exclusive rights to use certain know-how, patents, and data relating to processes for the gasification of plastic waste (the “Technology”). Ownership of the Technology will transfer to the Company for a fee of $