Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 63

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 63
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1, 2024 and $17,589 for

the Predecessor year ended December 31, 2023 . General and administrative expense for the combined twelve

months ended December 31, 2024 was $56,260 , an increase of $38,671 , or 219.9% , over the comparable period for

the Predecessor year ended December 31, 2023 . The increase in expenditure was primarily attributed to an increase

in professional services, legal fees and consulting fees related to the Business Combination of $17,600 . The

remaining increase in expenditure was due to increased employee costs associated with increased bonuses and stock

based compensation grants.

Sales and marketing

Sales and marketing expense was $2,009 for the Successor period from October 2, 2024 through December 31,

2024 , $4,178 for Predecessor period from January 1, 2024 through October 1, 2024 and $3,205 for the Predecessor

year ended December 31, 2023 . Sales and marketing expense for the combined twelve months ended December 31,

2024 was $6,187 , an increase of $2,982 , or 93.0% , over the comparable period for the Predecessor year ended

December 31, 2023 . The increase was primarily due to increased compensation costs as a result of increased

headcount across the business and increases in advertising and marketing related events and expenses associated

with the commercialization phase of the Technology segment.

Research and development

Research and Development (“R&D”) expense was $5,340 for the Successor period from October 2, 2024

through December 31, 2024 , $5,978 for Predecessor period from January 1, 2024 through October 1, 2024 and

$4,001 for the Predecessor year ended December 31, 2023 . R&D expense for the combined twelve months ended

December 31, 2024 was $11,318 , an increase of $7,317 , or 182.9% , over the comparable period for the Predecessor

year ended December 31, 2023 . The increase was primarily due to an increase in employee-related costs in the

Technology segment and an increase in new product development costs.

Interest expense, net

Interest expense, net was $1,132 for the Successor period from October 2,