Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 79

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 79
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 of at least $1 billion. At the completion of the DownSelect process, a new Innventure

Company is created, and the approved opportunity is transferred to the new company, at which time Innventure

appoints the board of directors and initial management team, typically consisting of Innventure principals and

personnel. Innventure selects executives and managers who it believes to have the requisite technical and operational

expertise to scale enterprises built around disruptive technologies. Previously, Innventure owned and operated the

Innventure Companies and maintained control at least through early scaling. As part of the new Disruptive

Conglomerate Model, Innventure intends to retain majority (or sole) ownership.

When an opportunity satisfies our DownSelect criteria, we seek to acquire or license the technology solution

from the MNC or other technology innovators and use the initial business plans developed during our DownSelect

process as the basis to launch a new “Innventure Company” with initial funding provided by Innventure. From an

investor perspective, this model is intended to bring founder shares of a company with a target enterprise value of at

least $1 billion onto the Innventure balance sheet, which we believe can provide excellent potential returns for

Innventure shareholders as described in more detail in this section.

Historically, and prior to the Business Combination, the Innventure model targeted exits for our new companies

at 5-7 years after inception through a sale, initial public offering or merger, including a merger with a special

purpose acquisition company. In 2024, we determined that this approach could result in exiting companies prior to

creating their maximum shareholder value.

As we continue to advance the Innventure model, we have moved to an approach designed to allow us to build

and hold companies, with goals of generating positive cash flows of one or more majority-owned new Innventure

companies and maximizing value for investors and other stakeholders. As part of our recently adopted “Disruptive

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Conglomerate Model,” Innventure intends to retain majority (or sole) ownership. We believe that holding majority

stakes in companies allows those companies to mature further and gives us the opportunity to derive greater value

from those companies as we operate them over the long term. We are currently deploying this model for Accelsius

and Refinity. While an opportunistic sale or other disposition of one or more of our majority-held companies could

occur in the future, exit transactions are not expected to be a factor in the business plans for Acc