Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 204

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 204
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 Facility using the straight-line method. On October 22, 2024, when the Company entered into the WTI Facility, the Company recognized $ 16,735as a commitment fee asset on the consolidated balance sheets. On November 15, 2024, when the Company received the First Tranche in the amount of $ 20,000, the prorated portion of the commitment fee asset of $ 6,694was reclassified to a debt issuance cost within Notes payable, net of current portion and began amortizing over the term of the First Tranche. On November 30, 2024 and December 31, 2024, management determined that the Second and Third Tranche, respectively, could not be drawn upon due to certain operational thresholds which had not been met for these Tranches. Therefore, the Company wrote off $ 5,021and $ 5,021, respectively on these dates, to Write-off of loan commitment fee asset on the consolidated statements of operations and comprehensive income (loss) as the commitment fee asset could no longer benefit the Company in receiving debt financing capital.

F-27

TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) Interest expense on this facility 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           |     |              $352 |     | $—              |     | $—                |
| Interest attributable to amortization of issuance costs |     |               248 |     | —               |     | —                 |
| Total interest expense                                  |     |              $600 |     | $—              |     | $—                |

Note 6. Inventories

|                   |     |         Successor 
 December 31, 2024 |     | Predecessor       
 December 31, 2023 |
|:------------------|:----|------------------:|:----|:------------------|
| Raw materials     |     |            $2,974 |     | $