Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 223

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 223
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, however, some state NOL’s are able to be carried forward indefinitely. As of December 31, 2024 and 2023 , the Company had no material unrecognized income tax benefits or uncertain tax positions. Also, we do not expect to incur interest charges or penalties related to our tax positions, but

F-46 Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

if such charges or penalties are incurred, our policy is to account for interest charges as interest expense and penalties as tax expense in the consolidated statements of operations. As of December 31, 2024 , tax years 2022 through 2024 remain open and subject to examination by the Internal Revenue Service and the states where the Company has nexus. Note 17. Net Loss Per Share

The Company follows the two-class method when computing net loss per common share when shares are issued

that meet the definition of participating securities. The two-class method requires income available to common

shareholders for the period to be allocated between common shares and participating securities based upon their

respective rights to receive dividends as if all income for the period had been distributed. The two-class method also

requires losses for the period to be allocated between common shares and participating securities based on their

respective rights if the participating security contractually participates in losses. As holders of Series B preferred

shares and WTI warrants, which are determined to be participating securities, do not have a contractual obligation to

fund losses, undistributed net losses are not allocated to them for purposes of the loss per share calculation.

Given the historical structure of the Predecessor, the Company determined that the calculation of earnings per

membership unit results in values that are not a valuable metric to users of these consolidated financial statements.

Therefore, earnings per share (“EPS”) information is omitted for the Predecessor periods.

Presented in the table below is a reconciliation of the numerator and denominator for the EPS calculations for

the Successor period from October 2, 2024 through December 31, 2024:

|                                                                                                                                 |                              Successor |
|                                                                                                                                 | October 2, 2024throughDecember 31,2024 |
| Numerator:                                                                                                                      |                                        |
| Net loss attributable to Innventure, Inc. shareholders.......................................................................   |                              $(61,754) |
| Less: Cumulative earnings to participating securities..................................................................         |                                    217 |
| Undistributed loss for participating securities................................................................................