Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 185

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 185
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 the ESG Fund is adjusted to reflect the fair value of the underlying investments of the ESG Fund as of December 31, 2024 and 2023 . The fair value of the underlying investments in the ESG Fund is based on the Company’s assessment, which takes into account expected cash flows, earnings multiples and/or comparisons to similar market transactions, among other factors. Valuation adjustments reflecting consideration of credit quality, concentration risk, sales restrictions and other liquidity factors are integral to valuing these instruments. AeroFlexx The Company determined that AeroFlexx has insufficient equity at risk to fund its operations, as of December 31, 2024 and therefore will meet the definition of a VIE. The Company does not have power to direct AeroFlexx's operations. AeroFlexx’s core operations are not closely associated with the Company and it was not created specifically to provide substantially all benefits to Innventure. Therefore, the Company is not considered the primary beneficiary and does not consolidate AeroFlexx as a VIE. The Company accounts for its investments in AeroFlexx under the equity method and held a 34% and 31% interest in AeroFlexx as of December 31, 2024 and 2023 , respectively. The Company’s carrying amounts and maximum exposure relating to AeroFlexx, were as follows:

|                                                                        |     |         Successor 
 December 31, 2024 |     |                         |     |       Predecessor 
 December 31, 2023 |     |                         |
|:-----------------------------------------------------------------------|:----|------------------:|:----|------------------------:|:----|------------------:|:----|------------------------:|
| Asset type                                                             |     |    CarryingAmount |     | MaximumExposure to Loss |     |    CarryingAmount |     | MaximumExposure to Loss |
| Equity method investment in AeroFlexx...........                       |     |           $16,930 |     |                 $16,930 |     |            $1,570 |     |                  $1,570 |
| Investments in debt securities - AFS.................                  |     |            11,187 |     |                  11,187 |     |                 — |     |                       — |
| Due from related party.......................................          |     |             4,472 |     |                   4,472 |     |             2,600 |     |                   2,600 |
| Total................................................................. |     |           $32,