Company: INV
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001628280-25-017614
Chunk: 141

Company: Innventure, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 7
Chunk 141
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 for the WTI Lenders’ consent to the transaction. The warrants have an exercise price of $0.01 per share and are exercisable until March 31, 2035, with additional customary rights and protections.  See further discussion of the Convertible Debentures in Note 21. Subsequent Events within the notes to the consolidated financial statements.

Cash Flows

Cash flows associated with operating, investing and financing activities for the years ended December 31, 2024 and 2023 are summarized as follows:

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SuccessorPredecessorS/P Combined 2024PredecessorChangeOctober 2, 2024 through December 31, 2024January 1, 2024 through October 1, 2024Year ended December 31, 2024Year ended December 31, 2023Amount% ChangeNet Cash Used in Operating Activities$(29,214)$(18,848)$(48,062)$(19,476)$(28,586)146.8 %Net Cash Provided by (Used in) Investing Activities6,822 (5,957)865 (4,667)5,532 118.5 %Net Cash Provided by Financing Activities33,466 38,441 71,907 19,174 52,733 275.0 %Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash$11,074 $13,636 $24,710 $(4,969)$29,679 (597.3)%

Net Cash Used in Operating Activities

Cash flows used in operating activities were $48,062 for the combined twelve months ended December 31, 2024, as compared to $19,476 for the year ended December 31, 2023, an increase of $28,586, or 146.8%. The increase is primarily related to change additional costs incurred in connection with the Business Combination, increased employee compensation costs associated with increased headcount. In addition, there was an increase in R&D costs at the Technology segment.

Net Cash Provided (Used in) by Investing Activities

Cash flows provided by in investing activities were $865 for the combined twelve months ended December 31, 2024, as compared to cash flows used in investing activities of $4,667 for the year ended December 31, 2023, an increase of $5,532 or 118.5%. The increase is primarily related cash withdrawn