Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019356
Chunk: 71

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 71
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 were $71,907 for the year ended December 31, 2024, as compared to $19,174 for the year ended December 31, 2023, an increase of $52,733 or 275.0%. The increase is primarily related to proceeds from issuance of equity and debt financing, partially offset by increased repayment of debt.

Indebtedness

Refer to Note 5. Borrowings to our consolidated financial statements for the years ended December 31, 2024 and 2023 included in the consolidated financial statements included elsewhere in this prospectus for a discussion of our indebtedness.

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Contractual Obligations

The following table presents a summary of our contractual obligations, including payments due by period, as of December 31, 2024:

|                  |     | 2025 |        |     | 2026 |       |     | 2027 |       |     | 2028 |       |     | Thereafter |   |     | Total |        |
| Operating lease  |     |      |    299 |     |      |   351 |     |      |    94 |     |      |     — |     |            | — |     |       |    744 |
| Debt obligations |     |      | 14,625 |     |      | 7,295 |     |      | 8,244 |     |      | 4,561 |     |            | — |     |       | 34,725 |
| Total            |     |      | 14,924 |     |      | 7,646 |     |      | 8,338 |     |      | 4,561 |     |            | — |     |       | 35,469 |

Going Concern

We have experienced recurring losses from operations and negative cash flows from operating activities. In addition, we had, and may potentially continue to have, an ongoing need to raise additional cash from outside sources to fund our growth plans and related operations. We believe the successful transition to attaining profitable operations is dependent upon achieving a level of revenues from our Operating Companies adequate to support our cost structure. In connection with our assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update 2014-15, “ Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern, ” management has determined that these conditions raise substantial doubt about our ability