Company: INV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040379
Chunk: 47

Company: Innventure, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 47
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, 2026, for all amounts due under the notes at the time of conversion, into Accelsius’ Series A Units at a price per unit equal to $12.175. For as long as any portion of the WTI Facility remains outstanding, the Related Party Term Convertible Notes lenders will not demand payment related to the Related Party Term Convertible Notes, unless they convert the debt into equity. The interest expense on Related Party Convertible Notes, including the amortization of the loan fee, was $3 for the three and six months ended June 30, 2025 (Successor).

Note 6. Inventories, netJune 30, 2025December 31, 2024Raw materials$3,560 $2,974 Work in process26 50 Finished goods3,034 2,154 Total inventories$6,620 $5,178 

Note 7. Property, Plant and EquipmentJune 30, 2025December 31, 2024Leasehold improvements$887 $548 Machinery & equipment1,524 664 Computers & office equipment14 14 Construction in progress— 266 Property, plant and equipment, gross 2,425 1,492 Less: Accumulated depreciation(453)(78)Property, plant and equipment, net $1,972 $1,414 

Note 8. Goodwill and Intangible AssetsGoodwillBalance as of December 31, 2024$667,936 Impairment(346,557)Other2,084 Balance as of June 30, 2025$323,463 In addition to annual impairment testing of goodwill, which is performed in the fourth quarter of each fiscal year, the Company continuously monitors for events and circumstances that could negatively impact the key assumptions used in determining fair value and therefore would require interim impairment testing, including long-term revenue growth projections, profitability, discount rates, volatility in the Company's market capitalization and general industry, market and macroeconomic conditions. During the three and six months ended June 30, 2025 (Successor), the Company recorded $113,344 and $346,557 non-deductible, non-cash goodwill impairment charges, respectively, within the condensed consolidated statements of operations and comprehensive income (loss) due to sustained decreases in the Company’s publicly quoted share price and market capitalization, which were, at least in part, 

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