Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 260

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 260
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97per option based on an expected volatility of 56%, an expected option term of approximately 5.9years, and risk-free rate of return of 4.06%. The stock options have a maximum contractual life of 10years from the grant date. F-73 TABLE OF CONTENTS Innventure, Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements (Unaudited) (in thousands, except share or per share data) During the three and six months ended June 30, 2025 (Successor), the Company recognized compensation costs related to the stock options of $ 1,515and $ 2,541, respectively, in the condensed consolidated statements of operations and comprehensive income (loss). As of June 30, 2025, the Company had $ 4,217in compensation expense remaining to be recognized over approximately 1.6years. Stock Appreciation Rights In 2024, the Company issued 30,000cash-settled stock appreciation rights (“SARs”) which were recognized at their fair value as of the date of the grant. These SARs entitle participants to cash equal to the value of the appreciation in Accelsius’ stock price over the base price established of $ 12.175. These cash-settled SARs are liability classified and are revalued at each reporting period. The SARs were valued as of June 30, 2025 using the Black-Scholes option-pricing model based on an expected volatility of 80%, an expected term of approximately 1.5years, and risk-free rate of return of 4%. The Company recognized a decrease in compensation expense in the amount of $ 244and $ 693in relation to the change in fair value of the cash-settled SARs for the three and six months ended June 30, 2025 (Successor), respectively. On June 25, 2025, the SARs agreements were amended. Under these amendments, any payments by the Company to the participants shall be made in the form of shares of Common Stock and the maximum number of shares of Common Stock that may be issued pursuant to the SAR Agreements shall be 4,000,000. Subsidiary Equity Plan Accelsius Subsidiary Equity Plan During the three and six months ended June 30, 2025 (Successor), there were 133,000Class C units granted under the Accelsius Subsidiary Equity Plan, with a grant date