Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 224

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 224
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 and other accruals                  |     |        4,873 |     |          178 |
| Loss carry-forwards and other tax attributes |     |       15,682 |     |        1,663 |
| Total Deferred Tax Assets                    |     |       26,368 |     |        6,410 |
| Less: Valuation allowance                    |     |      -11,664 |     |       -5,910 |
| Net Deferred Tax Assets                      |     |      $14,704 |     |         $500 |
| Deferred Tax Liabilities:                    |     |              |     |              |
| Amortization                                 |     |    $(38,443) |     |       $(323) |
| Investment in Partnerships                   |     |       -3,505 |     |            — |
| Right of use assets                          |     |         -109 |     |         -177 |
| Total Deferred Tax Liabilities               |     |      -42,057 |     |         -500 |
| Net Deferred Tax Liabilities                 |     |    $(27,353) |     |           $— |

Deferred tax assets are regularly reviewed for recoverability and a valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon future taxable income during the periods in which those temporary differences become deductible. In assessing the need for a valuation allowance, management considers all available positive and negative evidence, including the ability to carryback operating losses to prior periods and the expected future utilization of net operating loss carryforwards, the reversal of deferred tax liabilities, projected taxable income, and tax-planning strategies.

F-43

TABLE OF CONTENTS Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) Valuation allowances are established when it is more likely than not that all or a portion of a deferred tax asset will not be realized. The valuation allowance on deferred tax assets was $ 11,664as of December 31, 2024 and $ 5,910as of December 31, 2023, resulting in a net change of $ 5,754. The increase in valuation allowance of $ 15,115during the period mainly relates to U.S. federal and state operating loss carryforwards and equity based compensation deferred tax assets that were deemed unrealizable. During this