Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 125

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 125
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, and equipment 1,227 Intangible assets 187,500 Other assets 829 Total assets acquired: $ 223,299 Liabilities assumed: Accounts payable $ 6,286 Accrued employee benefits 7,617 Accrued expenses 1,972 Related party payable 13,932 Notes payable 975 Patent installment payable 13,600 Deferred tax liability 30,654 Other liabilities 748 Total liabilities assumed: $ 75,784 Net identifiable assets acquired $ 147,515 Goodwill $ 667,936 The assessment of fair value is preliminary and is based on information that was available to management and through the end of the fiscal year. If additional information of events or circumstances that existed at Closing becomes available to management related to assets acquired or liabilities assumed subsequent to this preliminary assessment of fair value but not later than one year after Closing, measurement period adjustments will be recorded in the period in which they are determined, as if they had been completed at the Closing Date. Goodwill is recognized as the excess of consideration over the net assets acquired of Innventure LLC and represents the value derived by Innventure LLC’s strong market position and assembled workforce. Goodwill arising from the Business Combination is attributable to the Company’s Technology segment and is not deductible for tax purposes. The fair value of definite-lived intangible assets as of the Closing Date included: Table of Contents Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) 90

Amount Trade names 17,800 Customer relationships 4,600 Developed technology 165,100 Total $ 187,500 Refer to Note 9. Goodwill and Intangible Assets for additional information. The Predecessor financial statements for the year ended December 31, 2023, include $3,452 transaction costs from Innventure LLC and for the period from January 1, 2024 to October 1, 2024 include $9,627 of transaction costs from Innventure LLC. These transaction costs are recorded within General and administrative expenses within the consolidated statements of operations and comprehensive income (loss). Prior to the Closing Date, Learn CW incurred $9,233 of transaction costs related to the Business Combination, which are not reported in the Predecessor consolidated statements of operations and comprehensive income (loss) since Learn CW is not the Predecessor; these transaction costs are included within Accumulated deficit for the Successor period beginning October 2, 2024. Innventure LLC contributed revenues of