Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 21

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 21
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Extinguishment of debt with Series C Preferred Stock14,000 — Contribution of Series C Preferred Stock to equity method investee5,783 — Conversion of AFX available-for-sale term loan into equity method investments8,757 — Issuance of common stock as repayment of convertible debt5,961 — Issuance of stock in exchange for services4,187 — Conversion of preferred stock into common stock36,910 — Transfer of Series C Preferred Stock from Mezzanine to Stockholders' equity1,468 — Embedded derivative in association with Convertible Debentures1,774 — Equity reallocation between non-controlling interest and additional paid-in capital36,313 — Embedded derivative liability derecognition3,297 —   

See accompanying notes to condensed consolidated financial statements.

12

Table of ContentsInnventure, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements(Unaudited) (in thousands, except share or per share data)

Note 1. Nature of BusinessUnless the context otherwise requires, references herein to "Innventure", "we", "us", "our" and "the Company" refer to the business and operations of Innventure LLC and its consolidated subsidiaries (the “Predecessor”) for all periods prior to the Closing (as defined below) and to the business and operations of Innventure, Inc., and its consolidated subsidiaries (the “Successor”) for all periods after the Closing. All balance sheet amounts presented are for Successor periods.Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions that we acquire or license from technology innovators, which are typically MNCs. As owner-operators, our goal is to take what we believe to be breakthrough technologies from evaluation to scaled commercialization utilizing an approach designed to help mitigate risk in collaboration with the MNCs (our channel partner(s)), as we build disruptive companies that we believe have the potential to achieve a target enterprise value of at least $1 billion. We define ‘‘disruptive’’ as innovations that, in our opinion, have the ability to significantly change the way businesses, industries, markets, and/or consumers operate. Innventure, Inc., is headquartered in Orlando, Florida.Business CombinationAs further discussed in our 2024 Annual Report, on October 2, 2024 (the “Closing Date” or “Closing”), Learn CW Investment