Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 86

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 86
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 control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. 59

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion. /s/ BDO USA, P.C. We have served as the Company's auditor since 2022. Raleigh, North Carolina April 14, 2025 60

Assets Cash, cash equivalents and restricted cash ................................................................................................................................................................... $ 11,119 $ 2,575 Accounts receivable ...................................................................................................................................................................................................... 283 — Due from related parties ............................................................................................................................................................................................... 4,536 2,602 Inventories .................................................................................................................................................................................................................... 5,178 — Prepaid expenses and other current assets .................................................................................................................................................................... 3,170 487 Total Current Assets ..................................................................................................................................................................................................... 24,286 5,664 Investments ................................................................................................................................................................................................................... 28,734 14,167 Property, plant and equipment, net ............................................................................................................................................................................... 1,414 637 Intangible assets, net ..................................................................................................................................................................................................... 182,153 — Goodwill ....................................................................................................................................................................................................................... 667,936 — Other assets ................................................................................................................................................................................................................... 766 1,096 Total Assets .................................................................................................................................................................................................................... $ 905,289 $ 21,564 Liabilities and Stockholders' Deficit Accounts payable .......................................................................................................................................................................................................... $ 3,248 $ 93 Accrued employee benefits .......................................................................................................................................................................................... 9,273 3,779 Accrued expenses ......................................................................................................................................................................................................... 2,478 1,009 Related party payables .................................................................................................................................................................................................. — 347 Related party notes payable - current ........................................................................................................................................................................... 14,000 1,000 Notes payable - current ................................................................................................................................................................................................. 625 912 Patent installment payable - current ............................................................................................................................................................................. 1,225 775 Obligation to issue equity ............................................................................................................................................................................................. 4,158 — Warrant liability ............................................................................................................................................................................................................