Company: INV
Filing Date: 2025-04-15
Form Type: POS AM
Source: 0001628280-25-017889
Chunk: 66

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: POS AM
Chunk 66
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31, 2024 the change in fair value of financial liabilities primarily consists of the change in fair value of the warrant liability, change in fair value of the earnout liability, and the change in the fair value of the embedded derivative associated with convertible notes prior to extinguishment. For the Predecessor year ended December 31, 2023, this is comprised entirely of the change in fair value of the embedded derivative associated with the convertible notes.

(4) Stock based compensation – For the combined twelve months ended December 31, 2024 stock based compensation primarily consisted of awards in the 2024 Equity and Incentive Compensation Plan entered into on October 2, 2024 subsequent to the Business Combination. These awards consisted of Stock Options, RSUs, and Stock Appreciation Rights. Further, a portion of this expense was related to share based payment employee incentive plans in existence at Innventure LLC and other subsidiaries. For the Predecessor year ended December 31, 2023, stock based compensation was comprised wholly of share based payment employee incentive plans in existence at Innventure LLC and other subsidiaries.

Liquidity and Capital Resources (in thousands, except as otherwise noted)

#### Sources of Liquidity
In assessing liquidity, we monitor and analyze cash on hand and operating expenditure commitments. Our liquidity needs are to meet working capital requirements and operating expense obligations. To date we have financed our operations primarily through cash flows from investing and financing activities.

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The following is a summary of the components of our current liquidity:

|                           |     | Successor | December 31, 2024 |     | Predecessor | December 31, 2023 |
|:--------------------------|:----|:----------|------------------:|:----|:------------|------------------:|
| Cash and cash equivalents |     | $         |            11,119 |     | $           |             2,475 |
| Restricted cash           |     |           |                 — |     |             |               100 |
| Working capital           |     |           |           -45,061 |     |             |            -2,504 |
| Accumulated deficit       |     | $         |           -78,262 |     | $           |           -64,284 |

Our future liquidity requirements will depend on many factors, including funding required by our Operating Companies, funding needed to support other business opportunities and expenditures, and funding for working capital and general corporate purposes. Based on