Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 238

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 238
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 |     | —      |     |         150,000 |     | —      |     |            — |     |      — |     |      1,468 |     |           — |     |           — |     |           — |     |         1,468 |     |         -150,000 |     |  -1,468 |
| June 30, 2025                                                                      |     |               33,144 |     | $—     |     |         150,000 |     | $—     |     |   55,221,494 |     |     $6 |     |   $525,346 |     |  $(305,512) |     |    $(1,289) |     |    $207,509 |     |      $426,060 |     |               $— |     |      $— |

See accompanying notes to condensed consolidated financial statements. F-55

TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) (in thousands, except share and per share amounts)

|                                                                                                  |     |        Successor 
 Six months ended 
    June 30, 2025 |     |      Predecessor 
 Six months ended 
    June 30, 2024 |
|:-------------------------------------------------------------------------------------------------|:----|-----------------:|:----|-----------------:|
| Cash Flows Used in Operating Activities                                                          |     |                  |     |                  |
| Net loss                                                                                         |     |       $(394,949) |     |        $(18,840) |
| Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities: |     |                  |     |                  |
| Stock-based compensation                                                                         |     |           15,247 |     |              689 |
| Interest income on debt securities - related party                                               |     |             -195 |     |                — |
| Change in fair value of financial liabilities                                                    |     |          -23,605 |     |              478 |
| Change in fair value of payables due to related parties                                          |     |                — |     |              160 |
| Non-cash interest expense on notes payable                                                       |     |            2,560 |     |              352 |
| Net gain on investments                                                                          |     |                — |     |           -4,399 |
| Equity method investment gain (loss