INVE Technologies completed the sale of its specialty Internet of Things business to Trackonomy Systems on September 15, 2026, receiving $50 million in Series C Preferred Stock valued at $20.07 per share and $25 million in cash. Concurrently, the company changed its name from Identiv, Inc. to INVE Technologies and appointed James Greenwell as Interim CEO effective September 21, 2026, while outgoing CEO Kirsten Newquist resigned from her executive role on that date and from the Board on September 30, 2026. The company intends to pivot its strategy toward building a physical AI SaaS business supported by an expected strategic partnership with Trackonomy. INVE Technologies operates in the technology sector, specifically focusing on identity management solutions and transitioning into physical AI software services.

Identiv reported Q2 2026 revenue of $5.7 million and a GAAP net loss of ($4.7) million, or ($0.20) per share, compared to a ($6.0) million loss in the prior year period. The company signed an agreement to sell its IoT operating assets to Trackonomy Systems for closing in Q3 FY 2026 and intends to resume stock repurchases under a $40 million authorization before the transaction closes. Management provided Q3 revenue guidance of $4.1–$4.8 million, citing inventory pauses by a major consumer customer and chip allocation delays. Identiv operates in the Internet of Things (IoT) sector, providing RFID- and Bluetooth Low Energy-enabled solutions for physical asset tracking.

Identiv, Inc. announced that Chief Executive Officer Kirsten Newquist intends to resign from her role and the Board of Directors following the closing of a pending asset sale. The resignation is effective upon the transaction's completion, which remains subject to stockholder approval. Identiv entered into a Stock and Asset Purchase Agreement on June 24, 2026, with Trackonomy Systems, Inc., to sell its specialty Internet of Things business. The Board is recruiting senior leadership with SaaS and M&A experience to lead the company post-closing. Identiv, Inc. operates in the technology sector, providing identity management and security solutions.

Identiv, Inc. has scheduled its 2026 annual meeting of stockholders on September 10, 2026. The filing also outlines the specific notice requirements and deadlines for stockholders to submit written notice of any stockholder proposals not included in the proxy statement. Identiv, Inc. provides identity management and security solutions through various hardware and hardware-software integrated solutions.

Identiv, Inc. entered into a Stock and Asset Purchase Agreement with Trackonomy Systems, Inc. to sell its specialty Internet of Things business for $50 million in Buyer's Series C Preferred Stock valued at $20.07 per share, plus $25 million in cash. The transaction is subject to stockholder approval and includes a voting and support agreement from Bleichroeder LP, which controls approximately 12% of common stock and 100% of Series B preferred stock. Additionally, the Board authorized an increase to its existing stock repurchase program, raising the total authorized amount to $40 million. Identiv, Inc. provides identity management and security solutions through its IoT and SaaS-focused business segments.