Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 199

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 199
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8 |
| Property, Plant and Equipment, Net..................................................................                |           $1,414 |     |             $637 |

Total depreciation expense on property, plant and equipment was as follows:

|                                                                                          |                                         Successor |     |                                     Predecessor |     |                            |
|                                                                                          | Period fromOctober 2, 2024throughDecember 31,2024 |     | Period fromJanuary 1 2024through October1, 2024 |     | Year endedDecember 31,2023 |
| Depreciation Expense.................................................................... |                                               $78 |     |                                            $148 |     |                         $8 |

Note 8. Business Combinations As discussed in Note 1. Nature of Business, the Closing of the Business Combination occurred on October 2, 2024 pursuant to the terms of the Business Combination Agreement. Upon Closing, 250,000,000 shares of the Company’s common stock (“Common Stock”), par value $ 0.0001 per share, and 25,000,000 shares of the Company’s preferred stock, par value $ 0.0001 per share, were authorized. Of the 25,000,000 shares of preferred stock authorized, the Company designated 3,000,000 shares as Series B preferred stock ("Series B Preferred Stock").

F-30 Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data)

As a result of the Business Combination, (a) each Learn CW Class A ordinary share and Class B ordinary share issued and outstanding immediately prior to Closing (and not cancelled or redeemed) was converted into the right to receive one share of Common Stock; (b) each Learn CW public warrant and private placement warrant outstanding immediately prior to Closing was assumed and converted into a Company warrant ("Warrant"); (c) the Innventure LLC equity units (other than the Innventure LLC Class PCTA units ("Class PCTA Units") and Class I units ("Class I Units")) issued and outstanding immediately prior to Closing were converted into the right to receive shares of Common Stock; and (d) the Class PCTA Units and the Class I Units of Innventure LLC remained outstanding. The Business Combination has been accounted for using the acquisition method of accounting. Holdco was determined to be the accounting acquirer as Innventure LLC was determined to be a VIE and Holdco was determined to be the primary beneficiary. In applying the VIE model, the Class