Identiv closes $50M IoT asset sale to Trackonomy, renames to INVE Technologies, names interim CEO

Identiv, Inc.

Closed IoT asset sale to Trackonomy for $50M in Series C preferred stock valued at $20.07/share; subject to post-closing adjustment.
Renamed company to INVE Technologies, Inc. effective Sept 15, 2026; stock continues trading as INVE on Nasdaq.
James Greenwell appointed Interim CEO effective Sept 21; Kirsten Newquist resigns as CEO same day, leaves board Sept 30.
Pro forma: six-month 2026 net loss narrows to -$3.7M from -$8.1M consolidated; FY2025 loss narrows to -$6.6M from -$18.0M.
Stockholders approved asset sale, executive compensation, director elections, and Series B conversion issuances.

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