Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 173

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 173
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 U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal 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.

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.

<div align='center'>F-2</div>

/s/ BDO USA, P.C.

We have served as the Company's auditor since 2022.

Raleigh, North Carolina

April 14, 2025

<div align='center'>F-3</div>

#### Innventure, Inc. and Subsidiaries

### Consolidated Balance Sheets
<div align='center'>(in thousands, except share and per share amounts)</div>

|                                                                                                                                   |     | Successor | December 31, 2024 |     | Predecessor | December 31, 2023 |
|:----------------------------------------------------------------------------------------------------------------------------------|:----|:----------|------------------:|:----|:------------|------------------:|
| 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 |     |