Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 263

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 263
---
 2, 2023, by and among Accelsius, ESG Fund, and the other parties F-75 TABLE OF CONTENTS Innventure, Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements (Unaudited) (in thousands, except share or per share data) thereto, which was converted during the three months ended March 31, 2024. During the three months ended June 30, 2025 (Successor), the Company entered into the Related Party Convertible Notes with various related parties, including other lenders. Transactions with Directors As more fully described in Note 12. Stock-based Compensation, the Company issued various equity awards to related parties throughout 2024. On December 9, 2024, the Company issued 1,246,722RSUs with a grant date fair value of $ 15,210and 590,163stock options with a grant date fair value of $ 3,913to a cumulative of eightdirectors. On December 31, 2024, the Company issued 200,000SARs with a grant date fair value of $ 7,820to fourdirectors and former directors. On March 22, 2024, the Company issued 100,000Class C Units with a grant date fair value of $ 441to onedirector under the Accelsius Subsidiary Equity Plan. Additionally, on June 25, 2025, the Company issued 111,525RSUs with a grant date fair value of $ 600to fivedirectors pursuant to the Innventure Non-Management Director Compensation Plan. Transactions with the ESG Fund As more fully described in Note 2. Accounting Policies in our 2024 Annual Report, the Company earns a 1- 2% management fee for administrative, finance and accounting, and other back-office functions from the ESG Fund. Management fees earned from the ESG Fund were $ 195and $ 391for the three and six months ended June 30, 2025 (Successor), respectively, and $ 196and $ 393for the three and six months ended June 30, 2024 (Predecessor), respectively, which is recorded as Revenue in the condensed consolidated statements of operations and comprehensive income (loss). In March 2021, the Company entered into a purchase option agreement with the ESG Fund to sell 145,161shares of PureCycle Technologies, Inc. (“PCT”) common stock