Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 30

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 30
---
16,793 Gains and losses for such assets and liabilities categorized within the Level 3 table set forth may include changes in fair value that are attributable to both observable inputs (Levels 1 and 2) and unobservable inputs (Level 3).Changes in the estimated fair value of Level 3 financial assets and liabilities that are measured on a recurring basis for the nine months ended September 30, 2025 (Successor) and the nine months ended September 30, 2024 (Predecessor), respectively, are as follows: 

18

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

Embedded derivative liability - convertible promissory notesEmbedded derivative liability - August 2025 NotesInvestment in debt securities - AFSEarnout liability2024 WTI Warrant liability2025 WTI Warrant liabilityEmbedded derivative liability (asset) - Convertible DebenturesBalance as of January 1, 2024 (Predecessor) $1,994 $— $— $— $— $— $— Settlement(2,472)— — — — — — Change in fair value478 — — — — — — Balance as of September 30, 2024 (Predecessor)$— $— $— $— $— $— $— Balance as of January 1, 2025 (Successor)$— $— $11,187 $14,752 $17,230 $— $— Additions— — 7,382 — — 3,090 1,476 Settlement and derecognitions— — (8,757)(873)— — (3,297)Change in fair value— 1,677 (410)(8,419)(4,510)540 1,617 Balance as of September 30, 2025 (Successor)$— $1,677 $9,402 $5,460 $12,720 $3,630 $(204)There were no transfers in or out of levels during the three and nine months ended September 30, 2025 (Successor) nor for the three and nine months ended September