Company: INV
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001628280-25-017614
Chunk: 181

Company: Innventure, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 8
Chunk 181
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 current portion and began amortizing over the term of the First Tranche. On November 30, 2024 and December 31, 2024, management determined that the Second and Third Tranche, respectively, could not be drawn upon due to certain operational thresholds which had not been met for these Tranches. Therefore, the Company wrote off $5,021 and $5,021, respectively on these dates, to Write-off of loan commitment fee asset on the consolidated statements of operations and comprehensive income (loss) as the commitment fee asset could no longer benefit the Company in receiving debt financing capital.Interest expense on this facility was as follows:SuccessorPredecessorOctober 2, 2024 through December 31, 2024January 1, 2024 through October 1, 2024Year ended December 31, 2023Interest attributable to contractual interest$352 $— $— Interest attributable to amortization of issuance costs248 — — Total interest expense$600 $— $— 

Note 6. InventoriesSuccessorPredecessorDecember 31, 2024December 31, 2023Raw materials$2,974 $— Work in process50 — Finished goods2,154 — Total inventories$5,178 $— 

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Table of ContentsInnventure, Inc. and SubsidiariesNotes to Consolidated Financial Statements(in thousands, except share or per share data)

Note 7. Property, Plant and EquipmentSuccessorPredecessorDecember 31, 2024December 31, 2023Leasehold improvements$548 $38 Machinery & equipment664 86 Computers & office equipment14 19 Construction in progress266 502 Property, Plant and Equipment, Gross 1,492 645 Less: Accumulated depreciation(78)(8)Property, Plant and Equipment, Net $1,414 $637 Total depreciation expense on property, plant and equipment was as follows:SuccessorPredecessorPeriod from October 2, 2024 through December 31, 2024Period from January 1 2024 through October 1, 2024Year ended December 31, 2023Depreciation Expense$78 $148 $8 

Note 8. Business CombinationsAs discussed in Note 1. Nature of Business, the Closing of the Business Combination occurred on October