Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 234

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 234
---
 ESG Fund, a related party, through which it earns revenue from management fees. Management fee revenue is affected by economic factors related to the asset class composition of the holdings and the contractual terms such as the basis for calculating the management fees and investors’ ability to redeem. The Company did not recognize any carried interest allocation during the Successor period from October 2, 2024 through December 31, 2024, the Predecessor period from January 1, 2024 through October 1, 2024 and the Predecessor year ended December 31, 2023, as the amounts were probable of significant reversal given the consideration is highly susceptible to factors outside the Company's influence. Cumulative carried interest allocation amounts that are subject to restraint and as such are not yet recognized were $ 11,282and $ 5,880as of December 31, 2024 and 2023, respectively. The Company also provides management services to AeroFlexx, which do not have a carried interest feature.

The following table represents the breakout of revenue by source:

|                                 |     | Successor | October 2, 2024 through December 31, 2024 |     | Predecessor | January 1, 2024 through October 1, 2024 |     |   | Year ended December 31, 2023 |
|:--------------------------------|:----|:----------|------------------------------------------:|:----|:------------|----------------------------------------:|:----|:--|-----------------------------:|
| Product revenue                 |     | $         |                                       233 |     | $           |                                      95 |     | $ |                            — |
| Management fees - related party |     |           |                                       223 |     |             |                                     669 |     |   |                          892 |
| Consulting revenue              |     |           |                                         — |     |             |                                       — |     |   |                          225 |
| Total revenue                   |     | $         |                                       456 |     | $           |                                     764 |     | $ |                        1,117 |

The following table represents major customer concentration of revenue:

|                                                |     | Successor | October 2, 2024 through December 31, 2024 |   |     | Predecessor | January 1, 2024 through October 1, 2024 |   |     |     | Year ended December 31, 2023 |   |
|