Company: INV
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001140361-25-041464
Chunk: 245

Company: Innventure, Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 245
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-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets , which provides a practical expedient for the application of the current expected credit loss (“CECL”) model to current accounts receivable and contract assets. The amendments in this ASU are effective for the fiscal years beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted. If elected, the amendments in this ASU should be applied prospectively. The Company is currently evaluating the impact ASU 2025-05 will have on its condensed consolidated financial statements.**

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TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements (Unaudited) (in thousands, except share or per share data) Note 3. Investments

|                                     |     | June 30, 2025 |     | December 31, 2024 |
|:------------------------------------|:----|--------------:|:----|------------------:|
| Equity-method investments           |     |       $23,407 |     |           $17,547 |
| Investment in debt securities - AFS |     |         9,017 |     |            11,187 |
| Total Investments                   |     |       $32,424 |     |           $28,734 |

Equity-method investments ESG Fund The Innventus ESG Fund I, L.P. (the “ESG Fund”) is an investment company that follows a specialized basis of accounting established by GAAP. The Company’s general partnership interest in the ESG Fund is substantially illiquid. While the ESG Fund’s holdings are accounted for at fair value, the equity-method investment in the ESG Fund is adjusted to reflect the fair value of the underlying investments of the ESG Fund as of June 30, 2025 and December 31, 2024. The fair value of the underlying investments in the ESG Fund is based on the Company’s assessment, which takes into account expected cash flows, earnings multiples and/or comparisons to similar market transactions, among other factors. Valuation adjustments reflecting consideration of credit quality, concentration risk, sales restrictions and other liquidity factors are integral to valuing these instruments. AeroFlexx The Company held a 37% and 34% equity method investment interest in AeroFlexx as of June 30, 2025 and