Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 261

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 261
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 fair value per share of $ 20.75. During the three and six months ended June 30, 2024 (Predecessor), there were niland 110,000Class C units granted, respectively, with a grant date fair value per unit of $ —and $ 4.41, respectively. The Company recognized compensation costs related to the Accelsius Subsidiary Equity Plan of $ 912and $ 1,810for the three and six months ended June 30, 2025 (Successor) and $ 248and $ 593for the three and six months ended June 30, 2024 (Predecessor), respectively, in the condensed consolidated statements of operations and comprehensive income (loss). As of June 30, 2025, the Company had $ 8,457in unit-based compensation expense remaining to be recognized over approximately 2.21years. Note 13. Income Taxes During the three and six months ended June 30, 2025 (Successor), the Company recognized income tax benefits of $ 2,220and $ 3,619, respectively. During the three and six months ended June 30, 2024 (Predecessor), noincome tax provision or expense was recorded. For interim tax reporting, the Company estimated one single effective tax rate for tax jurisdictions not subject to a valuation allowance, which is applied to the year-to-date pre-tax book loss. Tax effects of significant unusual or infrequently occurring items are excluded from the estimated annual effective tax rate calculation and recognized in the interim period in which they occur. The effective tax rate for the three and six months ended June 30, 2025 (Successor) was a benefit of 1.58% and 0.92%, respectively, driven primarily by the impact of the goodwill impairment, which is not deductible for tax purposes. On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. We are currently assessing its impact on our consolidated financial statements.

Note 14. Net Loss Per Share The Company follows the two-class method when computing net loss per common share