Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 92

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 92
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 $ 502,865 $ (78,262) $ 909 $ 340,777 $ 766,293 See accompanying notes to consolidated financial statements. Table of Contents Innventure, Inc. and Subsidiaries Consolidated Statements of Changes in Stockholders' Equity (in thousands, except share and per share amounts) 65

Successor Predecessor October 2, 2024 through December 31, 2024 January 1, 2024 through October 1, 2024 Year ended December 31, 2023 Cash Flows Used in Operating Activities Net loss .............................................................................................................................................................. $ (70,093) $ (28,198) $ (30,984) Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities: Stock-based compensation ............................................................................................................................... 16,338 1,056 910 Interest income on debt securities - related party ............................................................................................. (106) (110) — Change in fair value of financial liabilities ....................................................................................................... 20,946 478 (766) Change in fair value of payables due to related parties .................................................................................... — 468 (232) Write-off of loan commitment fee asset ........................................................................................................... 10,041 — — Non-cash interest expense on notes payable ..................................................................................................... 248 351 487 Net (gain) loss on investments .......................................................................................................................... — (11,547) 6,448 Equity method investment gain (loss) ............................................................................................................... 902 (893) 632 Loss on conversion of promissory notes ........................................................................................................... — 1,119 — Deferred income taxes ...................................................................................................................................... (3,301) 432 — Depreciation and amortization .......................................................................................................................... 5,455 146 8 Payment of patent installment ........................................................................................................................... — (250) — Non-cash rent costs ........................................................................................................................................... 64 185 192 Accrued unpaid interest on note payable .......................................................................................................... 69 930 — Changes in operating assets and liabilities: Accounts receivable ................................................................................................................................. (166) (117) — Prepaid expenses and other current assets ............................................................................................... (1,301) (1,353) (218) Inventory .................................................................................................................................................. (2,354) (2,824) — Accounts payable ..................................................................................................................................... (11,211) 6,013 9 Accrued employee benefits ...................................................................................................................... 1,656 3,838 3,181 Accrued expenses ..................................................................................................................................... (484) 674