Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 34

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 34
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 payable, excluding debt issuance costs, mature as follows:Year Ending December 31,Amount2025 (remaining 3 months)$2,266 202658,835 20278,244 20284,561 Total Debt $73,906 Series 1 Promissory NotesIn 2018, the Company authorized the issuance and sale of unsecured promissory notes to investors up to $35,000 (the “Series 1 promissory notes”). From 2018 to 2021, the Company issued promissory notes with a total principal amount of $4,936. The notes require monthly interest payments, have an original maturity period of 36-48 months, and bear interest at 9%-12% per annum. The notes contain two term extension options, at the Company’s election, which can extend the notes’ maturity period to 60 months in total. If the Company elects its first term extension option, the note will bear interest at 12% for months 36 through 48. If the Company elects its second term extension option, the notes will bear interest at 15% for months 48 through 60.Extensions on Series 1 promissory notes were as follows:Three months endedNine months endedInterest RateSeptember 30, 2025 (Successor)September 30, 2024 (Predecessor)September 30, 2025 (Successor)September 30, 2024 (Predecessor)Principal amount of 1st extension promissory notes12%$— $— $— $122 Principal amount of 2nd extension promissory notes15%$— $— $122 $421 Interest expense on Series 1 promissory notes was as follows:Three months endedNine months endedSeptember 30, 2025 (Successor)September 30, 2024 (Predecessor)September 30, 2025 (Successor)September 30, 2024 (Predecessor)Interest attributable to contractual interest$15 $39 $63 $138 Related Party NotesThe Company entered into unsecured promissory notes with two related parties, the first on August 20, 2024, for a principal amount of $10,000, and the second on August 22, 2024, for a principal amount of $2,000. The Company entered into amended and restated agreements to amend the