Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 206

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 206
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 transferred to Innventure Members(1) |     | $418,441 |
| Contingent consideration(2)                              |     |   53,980 |
| Consideration transferred                                |     |  472,421 |
| Non-controlling interest(3)                              |     |  343,030 |
| Total business enterprise value                          |     | $815,451 |

F-29

TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

| (1) | Represents the fair value of the38,494,999of aggregate consideration paid in shares (excluding the Company Earnout shares) at a Closing share price of $10.87. |

| (2) | Represents the fair value of the Company Earnout Shares issued and contingently issuable to Innventure Members. Refer to Note 10. 
 Earnout Shares for more details.                                                                                                  |

| (3) | The non-controlling interest represents the fair value of equity in Accelsius held by non-controlling parties. The fair value is                                                                                               
 calculated using a discounted cash flow methodology to determine the Accelsius equity value which is pro rated by the non-controlling ownership percentage (Level 3). Significant inputs used to measure the fair value of the 
 non-controlling interest include the long-term growth rate of3%, normalized tax rate of27.9%, normalized net working capital of18%,                                                                                            
 and weighted average cost of capital of17.6%.                                                                                                                                                                                  |

Investing cash flow activity as a result of the Business Combination is summarized as follows:

|                                                 |     | Amount |
| Cash consideration transferred                  |     |     $— |
| Add: Cash and cash equivalents acquired         |     |     16 |
| Investing cash flow activity as a result of the 
 Business Combination                            |     |    $16 |

On the Closing Date, Innventure settled certain obligations using cash from the Learn CW trust account that was released at Closing and financing secured through Series B Preferred Stock. The financing secured through Series B Preferred Stock is discussed in Note 13. Stockholders’ Equity.

|                                                           |     |  Amount |
| Cash proceeds from Learn CW trust account                 |     | $11,342 |
| Net cash proceeds from Series B Preferred Stock issuance  |     |  10,572 |
| Total Innventure, Inc. cash sources                       |     | $21,914 |
| Payment of Learn CW