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Noticias de INVE
Eventos de INVE
INVE Technologies Launches Up to $20M Stock Buyback
INVE Technologies announced that it has commenced a modified "Dutch auction" self-tender offer to purchase for cash up to $20M in value of shares of its common stock at a price not greater than $3.40 per share nor less than $2.85 per share, net to the seller in cash, less any applicable withholding and, in certain limited circumstances, transfer taxes and without interest. The tender offer commenced today, October 21, 2026, and will expire at 5:00 p.m., New York City time, on Thursday, November 19, 2026, unless extended or terminated. On October 20, 2026, the reported closing price for the common stock on Nasdaq was $2.22 per share. The tender offer is being made as part of the up to $40M share repurchase program previously authorized by the company's Board of Directors.
Sees Q3 Revenue of $2.9M to $3.1M
Sees Q3 revenue $2.9M-$3.1M.
Identiv Closes Asset Sale to Trackonomy and Renames to INVE Technologies
Identiv announced the closing of its previously announced IoT asset sale transaction with Trackonomy Systems, a pioneer in battery-powered smart labels and a global leader in Physical AI. Under the terms of the agreement, the legacy Identiv brand name and IoT business assets were sold to Trackonomy. Subsequent to the closing, Identiv, changed its corporate name to INVE Technologies. The Company's shares continue to trade on the Nasdaq stock exchange under the ticker symbol "INVE". Going forward, INVE Technologies intends to focus on building a physical AI SaaS business synergistic with Trackonomy's platform, driven by strategic acquisitions of compliance SaaS companies. Upon closing, INVE Technologies received $50M in Trackonomy preferred equity, subject to post-closing adjustment. The two companies continue to work towards an expected definitive strategic partnership to collaborate on software opportunities that leverage Trackonomy's physical AI platform. To lead the company through this strategic pivot into physical AI compliance SaaS, INVE Technologies announced the appointment of James Greenwell as Interim CEO, effective September 21. Greenwell brings over 30 years of executive experience leading high-visibility transformations, M&A roll up strategies and execution, and SaaS commercialization across RFID, IoT, and regulated supply chain markets. He previously held executive leadership roles at Spotlite360, Datria Systems, MusclePharm, and DecisionOne. As previously disclosed, Kirsten Newquist will resign as CEO. Her resignation will be effective on September 21. She will remain an employee through the end of September 2026 and will resign from the INVE Technologies Board effective September 30. Raymond James & Associates, Inc. served as financial advisor and Pillsbury Winthrop Shaw Pittman served as legal counsel to Identiv.
INVE Technologies Appoints James Greenwell as Interim CEO
To lead the company through the strategic pivot into physical AI compliance SaaS, INVE Technologies announced the appointment of James Greenwell as Interim CEO, effective September 21. Greenwell brings over 30 years of executive experience leading high-visibility transformations, M&A roll up strategies and execution, and SaaS commercialization across RFID, IoT, and regulated supply chain markets. He previously held executive leadership roles at Spotlite360, Datria Systems, MusclePharm, and DecisionOne. As previously disclosed, Kirsten Newquist will resign as CEO. Her resignation will be effective on September 21. She will remain an employee through the end of September 2026 and will resign from the INVE Technologies Board effective September 30.
Identiv Reports Q2 Revenue of $5.7M, Below Consensus
Reports Q2 revenue $5.7M, consensus $5.73M. Indetiv management commented, "In Q2, Identiv achieved a significant milestone under the Transform pillar of its P-A-T strategy by entering into a definitive agreement to sell its IoT operating assets to Trackonomy Systems, Inc. Product development activities continued with Identiv's strategic programs, while the Thailand manufacturing facility prepared for the expansion of its BLE product portfolio. In July, Identiv launched its expanded ID-Tiny product family, a portfolio of ultra-miniaturized HF/NFC inlays and tags designed to bring secure digital intelligence to compact products. In parallel, broader macroeconomic conditions continued to affect demand in certain consumer-facing applications. In particular, one of Identiv's larger consumer-facing customers built up significant inventory positions over the last three quarters and is pausing new order activity in the coming months to align its inventories with current demand. The customer expects to resume order activity late this year. Furthermore, Identiv is seeing some chip allocation delays for certain products, which is delaying production and shipment of some orders".
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