Company: INV
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001628280-25-017614
Chunk: 167

Company: Innventure, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 8
Chunk 167
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 AeroFlexx has insufficient equity at risk to fund its operations, as of December 31, 2024 and therefore will meet the definition of a VIE. The Company does not have power to direct AeroFlexx's operations. AeroFlexx’s core operations are not closely associated with the Company and it was not created specifically to provide substantially all benefits to Innventure. Therefore, the Company is not considered the primary beneficiary and does not consolidate AeroFlexx as a VIE. The Company accounts for its investments in AeroFlexx under the equity method and held a 34% and 31% interest in AeroFlexx as of December 31, 2024 and 2023, respectively.The Company’s carrying amounts and maximum exposure relating to AeroFlexx, were as follows:SuccessorPredecessorDecember 31, 2024December 31, 2023Asset typeCarrying AmountMaximum Exposure to LossCarrying AmountMaximum Exposure to LossEquity method investment in AeroFlexx$16,930 $16,930 $1,570 $1,570 Investments in debt securities - AFS11,187 11,187 — — Due from related party4,472 4,472 2,600 2,600 Total $32,589 $32,589 $4,170 $4,170 

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Table of ContentsInnventure, Inc. and SubsidiariesNotes to Consolidated Financial Statements(in thousands, except share or per share data)

Summarized financial information:Balance sheetsESG FundAeroFlexxDecember 31,December 31,2024202320242023Total Assets$97,445 $58,022 $17,002 $10,780 Total Liabilities93 107 27,861 8,031 Total Equity (Deficit)$97,352 $57,915 $(10,859)$2,749 Statements of operationESG FundAeroFlexxYears ended December 31,Years ended December 31,2024202320242023Revenue$202 $320 $38 $16 Gross (Loss) Profit (735)(709)(57)1 Net Income (Loss)$39,437 $(4,557)$(13,663)$(8,221)Exchange-traded investmentsThe Company previously invested in PureCycle Technologies (“PCT”) as the first company formed in partnership with a multinational