Company: INV
Filing Date: 2025-04-23
Form Type: 424B3
Source: 0001628280-25-019356
Chunk: 66

Company: Innventure, Inc.
Filing Date: 2025-04-23
Form: 424B3
Chunk 66
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 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 current expectations, we estimate we will require at least $50,000 to meet our liquidity requirements for the next 12 months.

We expect to satisfy our liquidity requirements through cash on hand, cash generated from the operations of our Operating Companies, the SEPA with Yorkville (maximum remaining availability of approximately $72,000), the Convertible Debentures to be issued to Yorkville, as well as proceeds from additional financings completed by us or our Operating Companies. During the year ended December 31, 2024, the Technology segment raised approximately $18,898 of additional equity financing, in comparison to approximately $250 during the year ended December 31, 2023. In connection with our current business strategy, we intend to conduct additional fundraising of up to $25,000 to fund capital expenditures and other expenses to support the growth of the business