Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 64

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 64
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 2024 through December 31, 2024 ,

$1,300 for Predecessor period from January 1, 2024 through October 1, 2024 and $1,224 for the Predecessor year

ended December 31, 2023 . Interest expense, net for the combined twelve months ended December 31, 2024 was

$2,432 , an increase of $1,208 , or 98.7% , over the comparable period for the Predecessor year ended December 31,

2023 . The increase was primarily due to an increase in facilities and borrowings between the periods as well as the

increased cost of borrowing experienced during the Successor period.

36

Net gain (loss) from investments

Net gain on investments was nil for the Successor period from October 2, 2024 through December 31, 2024 ,

$11,547 for Predecessor period from January 1, 2024 through October 1, 2024 and net loss on investments was

$6,448 for the Predecessor year ended December 31, 2023 . Net gain on investments for the combined twelve months

ended December 31, 2024 was $11,547 , an increase of $17,995 , or 279.1% , over the comparable period for the

Predecessor year ended December 31, 2023 . The increase was due to the unrealized gain on investment in PCT

owned stock via Class PCTA Units (as defined below) for the year ended December 31, 2024 . The PCTA associated

assets were not recognized as part of the Business Combination.

Net (loss) gain on investments - due to related parties

Net loss on investments – due to related parties was nil for the Successor period from October 2, 2024 through

December 31, 2024 , $468 for Predecessor period from January 1, 2024 through October 1, 2024 and net gain on

investments was $232 for the Predecessor year ended December 31, 2023 . Net loss on investments – due to related

parties for the combined twelve months ended December 31, 2024 was $468 , a decrease of $700 , or 301.7% , over

the comparable period for the Predecessor year ended December 31, 2023 . The decrease was