Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019358
Chunk: 215

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 215
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SG Fund totaled $789 for the Predecessor year ended December 31, 2023 , which is recorded as Revenue in the consolidated statements of operations and comprehensive income (loss) .

F-48 Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

In March 2021, the Company entered into a purchase option agreement with the ESG Fund to sell 145,161 shares of PCT common stock with an exercise price of $1 . The option period would have expired on July 22, 2024 and the Company measured the derivative liability at fair value, as further described in Note 4. Fair Value . The option was exercised in March 2022 and the shares are subject to the lock-up provisions. The liability due to the ESG Fund as of December 31, 2023 was $294 and is included in Related party payables in the consolidated balance sheets . In 2023 , the Company sold 23,712 of Accelsius Class A Series 2 Units to the ESG Fund for aggregate proceeds of approximately $104 . This amount is reflected in Non-controlling interests in the consolidated statements of changes in stockholders' equity (deficit) . Transactions with AeroFlexx The Company’s related party transactions with AeroFlexx are described in Note 3. Investments . Additionally, in the normal course of business, the Company advances certain expenses on behalf of AeroFlexx. Amounts paid by the Company and reimbursable by AeroFlexx were $27 for the Successor period from October 2, 2024 through December 31, 2024 , and $84 for the Predecessor period from January 1, 2024 through October 1, 2024 , and $116 for the Predecessor year ended December 31, 2023 . There was a receivable of $97 and $— as of December 31, 2024 and 2023 , respectively, related to those expenses included in Due from related parties in the consolidated balance sheets . Note 19. Commitments and Contingencies PCT Guaranty On April 22, 2020, the Company entered into a guaranty with a counterparty to unconditionally guarantee PCT’s obligation to reimburse a $5,000 pre-payment upon PCT’s failure to meet certain performance thresholds. Performance thresholds include the commission and construction of a plant. The guaranty has no expiration. The total