Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019358
Chunk: 210

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 210
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 of Class C Units were then discounted for lack of marketability ( 20% ). Series A Issuance On October, 18 2024 , Accelsius issued 16,427 equity classified Series A Preferred Units to an employee of the Company which was determined to be stock based payment. The grant date fair value of $616 was recognized as compensation cost (within General and administrative expense in the consolidated statements of operations and comprehensive income (loss) ), immediately at the date of grant as there is no requisite service period or vesting period. The fair value of the awards was estimated using a Black-Scholes model with a discount for lack of marketability of 20% applied. Note 15. Revenues In 2024, the Company began selling products and services in its technology segment. The Company provides investment management services to the ESG Fund, a related party, through which it earns revenue from management fees. Management fee revenue is affected by economic factors related to the asset class composition of the holdings and the contractual terms such as the basis for calculating the management fees and investors’ ability to redeem. The Company did not recognize any carried interest allocation during the Successor period from October 2, 2024 through December 31, 2024 , the Predecessor period from January 1, 2024 through October 1, 2024 and the Predecessor year ended December 31, 2023 , as the amounts were probable of significant reversal given the consideration is highly susceptible to factors outside the Company's influence. Cumulative carried interest allocation amounts that are subject to restraint and as such are not yet recognized were $11,282 and $5,880 as of December 31, 2024 and 2023 , respectively. The Company also provides management services to AeroFlexx, which do not have a carried interest feature. The following table represents the breakout of revenue by source:

|                                                                                                 |                              Successor |     |                           Predecessor |     |                            |
|                                                                                                 | October 2, 2024throughDecember 31,2024 |     | January 1, 2024through October1, 2024 |     | Year endedDecember 31,2023 |
| Product revenue..............................................................................   |                                   $233 |     |                                   $95 |     |                         $— |
| Management fees - related party....................................................             |                                    223 |     |                                   669 |     |                        892 |
| Consulting revenue.........................................................................     |