Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 178

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 178
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 express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ BDO USA, P.C.

We have served as the Company’s auditor since 2022.

Raleigh, North Carolina

April 14, 2025

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TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share and per share amounts)

|                                                                                                                                       |     |         Successor 
 December 31, 2024 |     |       Predecessor 
 December 31, 2023 |
|:--------------------------------------------------------------------------------------------------------------------------------------|:----|------------------:|:----|------------------:|
| Assets                                                                                                                                |     |                   |     |                   |
| Cash, cash equivalents and restricted cash                                                                                            |     |           $11,119 |     |            $2,575 |
| Accounts receivable                                                                                                                   |     |               283 |     |                 — |
| Due from related parties                                                                                                              |     |             4,536 |     |             2,602 |
| Inventories                                                                                                                           |     |             5,178 |     |                 — |
| Prepaid expenses and other current assets                                                                                             |     |             3,170 |     |               487 |
| Total Current Assets                                                                                                                  |     |            24,286 |     |             5,664 |
| Investments                                                                                                                           |     |            28,734 |     |            14,167 |
| Property, plant and equipment, net                                                                                                    |     |             1,414 |     |               637 |
| Intangible assets, net                                                                                                                |     |           182,153 |     |                 — |
| Goodwill                                                                                                                              |     |           667,936 |     |                 — |
| Other assets                                                                                                                          |     |               766 |     |             1,096 |
| Total Assets                                                                                                                          |     |          $905,289 |     |           $21,564 |
|