Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 220

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 220
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 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.........................................................................     |                                      — |     |                                     — |     |                        225 |
| Total revenue.................................................................................. |                                   $456 |     |                                  $764 |     |                     $1,117 |

The following table represents major customer concentration of revenue:

|                                                                                                 | Successor                              |     | Predecessor                           |     |                            |
|                                                                                                 | October 2, 2024throughDecember 31,2024 |