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Identiv Completes Sale of IoT Assets and Renames Company INVE Technologies, Inc.

  • Identiv, Inc. completed the sale of its legacy brand & IoT assets to Trackonomy Systems, Inc.
  • The company officially changed its corporate name to INVE Technologies, Inc. following the transaction closing.
  • INVE Technologies shares continue to trade on the Nasdaq exchange under the ticker symbol "INVE".
  • The company received $50 million in Trackonomy preferred equity, subject to post-closing adjustments.
  • INVE Technologies intends to pivot toward a Physical AI SaaS business strategy driven by strategic acquisitions of compliance SaaS companies.
  • The two firms are working toward a definitive strategic partnership to leverage Trackonomy's physical AI platform for software opportunities.
  • James Greenwell was appointed as Interim Chief Executive Officer effective September 21, 2026.
  • Kirsten Newquist resigned as CEO effective September 21, 2026, & will leave the Board of Directors on September 30, 2026.
  • Greenwell brings over 30 years of executive experience in RFID, IoT, & regulated supply chain markets to the new leadership role.
  • Raymond James & Associates, Inc. served as financial advisor, & Pillsbury Winthrop Shaw Pittman LLP served as legal counsel for the transaction.