Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 240

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 240
---
, 2024 and the Company measured the derivative liability at fair value, as further described in Note 4. Fair Value. The option was exercised in March 2022 and the shares are subject to the lock-up provisions. The liability due to the ESG Fund as of December 31, 2023 was $ 294and is included in Related party payables in the consolidated balance sheets.

In 2023, the Company sold 23,712of Accelsius Class A Series 2 Units to the ESG Fund for aggregate proceeds of approximately $ 104. This amount is reflected in Non-controlling interests in the consolidated statements of changes in stockholders' equity (deficit).

Transactions with AeroFlexx

The Company’s related party transactions with AeroFlexx are described in Note 3. Investments. Additionally, in the normal course of business, the Company advances certain expenses on behalf of AeroFlexx. Amounts paid by the Company and reimbursable by AeroFlexx were $ 27for the Successor period from October 2, 2024 through December 31, 2024, and $ 84for the Predecessor period from January 1, 2024 through October 1, 2024, and $ 116for the Predecessor year ended December 31, 2023. There was a receivable of $ 97and $ —as of December 31, 2024 and 2023, respectively, related to those expenses included in Due from related parties in the consolidated balance sheets.

Note 19. Commitments and Contingencies

PCT Guaranty

On April 22, 2020, the Company entered into a guaranty with a counterparty to unconditionally guarantee PCT’s obligation to reimburse a $ 5,000pre-payment upon PCT’s failure to meet certain performance thresholds. Performance thresholds include the commission and construction of a plant. The guaranty has no expiration. The total amount paid by the Company under the guaranty is $ 0and total interest paid is $ 0. As of December 31, 2024 and 2023, there was noprincipal 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.