Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 143

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 143
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 not taxed as pass-through entities. Through Innventure LLC, the Company acquired ownership interest in various domestic entities taxed as corporations. Where required or allowed, the corporation subsidiaries file and pay tax in a standalone basis for federal and state income tax purposes. The Company anticipates this structure to remain in existence for the foreseeable future. The provision for income taxes was as follows: Successor Predecessor October 2, 2024 through December 31, 2024 January 1, 2024 through October 1, 2024 Year ended December 31, 2023 Current Expense: ......................................................................... Federal ............................................................................................ — — — State ................................................................................................ 18 — — Foreign ........................................................................................... — — — Total Current Expense ................................................................. 18 — — Deferred Expense: ........................................................................ Federal ............................................................................................ (3,301) 432 — State ................................................................................................ — — — Foreign ........................................................................................... — — — Total Deferred Expense ............................................................... (3,301) 432 — Total Expense: ............................................................................. $ (3,282) $ 432 $ — A reconciliation of the expected statutory federal tax and the total income tax expense (benefit) was as follows: Table of Contents Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) 103

Successor Predecessor October 2, 2024 through December 31, 2024 January 1, 2024 through October 1, 2024 Year ended December 31, 2023 Pre-tax book loss ............................................................................ $ (73,375) $ (27,766) $ (30,984) Income taxes at federal statutory rate ............................................. (15,405) — — State taxes, net of federal benefit ................................................... (1,801) — — Tax on pre-tax earnings of corporate subsidiaries .......................... — (3,022) (2,229) Warrant liability ............................................................................. 3,685 — — Non-deductible expenses ................................................................ 6 6 631 Change in earnout fair value .......................................................... (714) — — Other permanent differences .......................................................... (423) — (4) Change in valuation allowance ....................................................... 11,664 3,448 1,602 R&D credit ..................................................................................... (294) — — Total provision (benefit) for income taxes ................................ $ (3,282) $ 432 $ — Entities within the consolidated group that are considered a corporation for federal income tax purposes, recognize