Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 23

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 23
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 its internal controls over financial reporting that could,

if not remediated, result in material misstatements in its financial statements and which may have an impact

on Innventure’s ability to timely or accurately report its financial condition or results of operations

following the consummation of the Business Combination.

• If Innventure is deemed to be an investment company under the Investment Company Act, it may be

required to institute burdensome compliance requirements and its activities may be restricted, which may

make it difficult to operate or to execute its growth plans.

• AFX, Accelsius and Refinity are early-stage companies, and their limited operating histories makes it

difficult to evaluate their future prospects and the risks and challenges they may encounter.

• Accelsius’ cooling products may be subject to increased regulatory scrutiny due to their use of working

fluid refrigerants that contain fluorine.

• The market, including customers and potential investors, may be skeptical of the viability and benefits of

Accelsius’ cooling products and Refinity’s plastic waste recycling process because they are based on

relatively novel and complex technology.

• The failure of AFX’s suppliers to continue to deliver necessary raw materials or other components of its

products in a timely manner and to specification could prevent it from delivering products within required

time frames and could cause production delays, cancellations, penalty payments and damage to its brand

and reputation.

• AFX may not be able to meet applicable regulatory requirements for the use of AFX’s products in food

grade applications, and, even if the requirements are met, complying on an ongoing basis with the

numerous regulatory requirements applicable to AFX’s products and AFX’s facilities will be time-

consuming and costly.

• Innventure may be unable to sufficiently protect the IP rights of itself and the Innventure Companies and

may encounter disputes from time to time relating to its use of the IP of third parties.

• Innventure, the Innventure Companies, and Innventure’s MNC partners may be negatively impacted by

volatility in the political and economic environment, such geopolitical unrest, economic downturns and

increases in interest rates, and a period of sustained inflation, which could have an adverse impact on

Innventure’s and the Innventure Companies’ business, financial condition, results of operations and

prospects.

• Changes in U.S. or foreign trade policies, including additional tariffs or global trade conflicts, may

adversely impact our business and operating results.

• Cyber-attacks or a failure in Innventure