$INVOct 8, 2026, 11:33 AM ETAI processed
Innventure hit with securities class action after removing DarkNX bookings and suspending guidance
AI Summary
Hagens Berman is investigating a securities class action against Innventure (INV) and certain executives after the company removed the DarkNX project from its 2026 bookings and suspended 2026 revenue and cash flow guidance, triggering a 55% one-day drop on Aug. 14. The probe follows a May 28 Morpheus Research report that found no evidence the alleged 300MW DarkNX data‑center project exists and Innventure said the identified deployment site is no longer available; shares fell roughly 74% between May 27 and Aug. 14.
Positives
- National plaintiffs firm Hagens Berman is actively investigating and soliciting claims, providing a clear route for affected investors to pursue recovery
- SEC whistleblower program was highlighted, which may incentivize disclosure of non-public information relevant to the case
Negatives
- Company removed the DarkNX project from internal bookings and suspended 2026 revenue and cash flow guidance
- Independent report alleged zero evidence the 300MW DarkNX project exists and questioned the counterparty's capabilities
- Shares plunged ~55% on Aug. 14 and ~74% from May 27 to Aug. 14 following the revelations