Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 75

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 75
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 and operating expenditure commitments. Our liquidity needs are to meet working capital requirements and operating expense obligations. To date we have financed our operations primarily through cash flows from investing and financing activities. The following is a summary of the components of our liquidity as of June 30, 2025 and December 31, 2024:

|                           |     | June 30, 2025 |     | December 31, 2024 |
|:--------------------------|:----|--------------:|:----|------------------:|
| Cash and cash equivalents |     |        $6,965 |     |           $11,119 |
| Working capital           |     |       -51,188 |     |           -45,061 |

Our future liquidity requirements will depend on many factors, including funding required by us and our Operating Companies to (i) support the growth of the business and the current business strategy; (ii) fund working capital, capital expenditures and general corporate expenditures; and (iii) support other business opportunities and expenditures. Based on current projections, we estimate that Innventure and its Operating Companies will require, in addition to cash on hand, at least $50,000 to meet our collective liquidity requirements for the next 12 months and, to grow the Operating Companies in accordance with our current business plan, the Operating Companies will require at least an additional $25,000. We expect to satisfy our liquidity requirements through cash on hand, cash generated from the operations of our Operating Companies and the SEPA with Yorkville (maximum remaining availability of approximately $70,000 as of June 30, 2025), subject to certain conditions and limitations, as well as proceeds from additional financings completed by us or our Operating Companies. During the three and six months ended June 30, 2025 (Successor), the Technology segment raised approximately $460 and $5,610 of additional equity financing, respectively, in comparison to approximately $7,438 and $11,293 during the three and six months ended June 30, 2024 (Predecessor), respectively. Bridge Financing On August 20, 2024, the Company entered into unsecured promissory notes with two related parties for principal amounts of $10,000 and $2,000, respectively. The Company entered into amended and restated agreements to amend the terms of these unsecured promissory notes on October 1, 2024. As per the original agreements, the note with the first party contained a loan fee of $1