Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Innventure, Inc. (“Innventure” or the “Company”) (NASDAQ: INV) common stock between November 17, 2025 and August 13, 2026, inclusive (the “Class Period”). Innventure Inc. investors have until October 27, 2026 to file a lead plaintiff motion.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN INNVENTURE, INC. (INV), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On May 28, 2026, before the market opened, Morpheus Research published a report alleging that Innventure’s DarkNX venture to build an AI data center campus in Ontario was a fabrication. The report revealed there was “zero evidence this project exists or that DarkNX has the team or funding to even contemplate such a project.” Morpheus Research further reported that “[a]ccording to a former Innventure executive, management was using ‘false information’ and revenue projections that were ‘pure fiction’ to solicit investments into Accelsius.” The report quoted multiple former Accelsius employees, who stated, among other things, “we’ve never heard of the company [DarkNX], they don’t have customers, there’s no data center.”

On this news, Innventure’s stock price fell $0.54 per share, or 8.42%, to close at $5.87 per share on May 28, 2026, on unusually heavy trading volume.

On August 13, 2026, after the market closed, Innventure reported second quarter 2026 results. Among other items, Innventure disclosed a net loss of $34.9 million, compared to $27.8 million in the first quarter of 2026, and an adjusted EBITDA loss of $22.6 million, compared to $18.4 million in the first quarter of 2026. The Company also announced it is “suspending [its] previously communicated expectations regarding Accelsius’ 2026 revenue and cash flow targets and shifting [its] focus.”

On the same day, Innventure filed its quarterly report on Form 10-Q with the SEC, disclosing that “the deployment site identified in the DarkNX purchase order is no longer available. Accelsius has removed the DarkNX project from its internal bookings.”

On this news, Innventure’s stock price fell $1.98 per share, or 55%, to close at $1.62 per share on August 14, 2026, on unusually heavy trading volume.

What Is The Lawsuit About?

The complaint filed in this class action alleges that between November 17, 2025 and August 13, 2026, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Accelsius’ alleged transformative deal with DarkNX was unlikely to come to fruition as no evidence of DarkNX constructing or facilitating a large scale AI data center existed; (2) as a result, the Company’s stated revenue and cash flow targets for Accelsius in 2026 were overstated; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Contact Us To Participate or Learn More:

If you purchased Innventure Inc. common stock, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,

3070 Bristol Pike, Suite 112,

Bensalem, Pennsylvania 19020,

Telephone: (215) 638-4847

Email: howardsmith@howardsmithlaw.com,

Visit our website at: www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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