Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 54

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 54
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5Numerator:Net loss attributable to Innventure, Inc., shareholders$(28,332)$(255,556)Less: Cumulative earnings to participating securities28 80 Undistributed loss for participating securities (28,360)(255,636)Less: Undistributed loss attributable to participating securities— — Net loss attributable to common shareholders, basic and diluted$(28,360)$(255,636)Denominator:Weighted average number of units outstanding, basic and diluted55,846,721 51,583,853 Net loss per share attributable to common shareholders, basic and diluted $(0.51)$(4.96)Basic and diluted net loss per share was the same for each period presented as the inclusion of all potential Common Stock outstanding would have been anti-dilutive.The following table presents the potential Common Stock outstanding that was excluded from the computation of diluted net loss per share of Common Stock for the periods presented because including them would have been antidilutive:Three months ended September 30, 2025Nine months ended September 30, 2025Public warrants11,240,688 11,240,688 Private placement warrants7,146,000 7,146,000 2024 WTI Warrants1,000,000 1,000,000 Convertible Debentures6,409,815 8,102,531 2025 WTI Warrants495,074 495,074 Series B Preferred Stock61,808 26,516 Series C Preferred Stock279,723 194,062 Share options1,041,667 1,041,667 RSUs2,210,225 2,210,225 SARs4,000,000 4,000,000 

Note 15. Related Party TransactionsAs more fully described in Note 5. Borrowings, the Company has various notes with affiliates, including short-term notes with three separate related parties which were settled on March 20, 2025. In addition, the Company issued a convertible note to the ESG Fund pursuant to the Amended and Restated Series I Convertible Note Purchase Agreement, dated as of June 2, 2023, by and among Accelsius, ESG Fund, and the other parties thereto, which was converted during the nine months ended September 30, 2024 (Predecessor). During the nine months ended September 30, 2025 (Successor), the Company entered into the