Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 61

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 61
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 2, 2024 through December 31, 2024 and the Predecessor period from

January 1, 2024 through October 1, 2024 .

• As a result of the Business Combination, $ 187,500 of intangible assets and $667,936 of goodwill were

recognized. Overall, $ 147,515 of net identifiable assets were acquired.

Results of Operations for the Years Ended December 31, 2024 and 2023 (in thousands, except as otherwise

noted)

To reflect the application of different bases of accounting as a result of the Business Combination, the tables

provided below separate the Company’s results via a black line into two distinct periods as follows: (1) up to and

including the Closing Date (labeled “Predecessor”) and (2) the period after that date (labeled “Successor”). The

periods after October 1, 2024 are the “Successor” period while the periods before October 2, 2024 are the

“Predecessor” periods.

Management believes reviewing our operating results for the twelve-months ended December 31, 2024 by

combining the results of the Predecessor and Successor periods (“S/P Combined”) is more useful in discussing our

overall operating performance when compared to the same period in the prior year. The combined results of

operations included in our discussion below are not considered to be prepared in accordance with U.S. GAAP and

have not been prepared as pro forma results under applicable regulations, may not reflect the actual results we would

have achieved had the Business Combination occurred at the beginning of fiscal 2024 and should not be viewed as a

substitute for the results of operations of the Predecessor and Successor periods presented in accordance with

GAAP. Accordingly, in addition to presenting our results of operations as reported in our consolidated financial

statements in accordance with GAAP, the tables below present the non-GAAP combined results for the year.

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|                                                                                                                          |                                         Successor |     |                                     Predecessor |     |     S/P Combined(Non-GAAP) |     |                Predecessor |     |             Non-GAAP |     |            |
|                                                                                                                          | Period fromOctober 2,2024 throughDecember 31,2024 |     | Period fromJanuary 1,2024 throughOctober 1,2024 |     | Year endedDecember 31,2024 |