A securities class action has been filed against Innventure, Inc. (“Innventure” or the “Company”) (NASDAQ: INV) and certain of its officers on behalf of investors who purchased or otherwise acquired Innventure securities between November 17, 2025 and August 13, 2026, inclusive (the “Class Period”).

The action, Labed v. Innventure, Inc. et al., Case No. 1:26-cv-07377, was filed on August 28, 2026 in the U.S. District Court for the Southern District of New York. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.

If you purchased or otherwise acquired Innventure securities during the Class Period and suffered a loss, you are encouraged to contact the firm to discuss your rights without cost or obligation.

What Does the Innventure Securities Class Action Allege?

The complaint alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts concerning Innventure’s business, operations, and prospects, including statements relating to Accelsius Holdings LLC (“Accelsius”), Innventure’s subsidiary focused on two-phase, direct-to-chip liquid cooling solutions.

Specifically, the complaint alleges that defendants failed to disclose that:

• Accelsius’s alleged transformative deal with DarkNX was unlikely to come to fruition, because there was allegedly no evidence of DarkNX constructing or facilitating a large-scale AI data center;
• As a result, Innventure’s stated 2026 revenue and cash-flow targets for Accelsius were overstated; and
• As a result of the foregoing, defendants’ positive statements about Innventure’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

The DarkNX Agreement and May 2026 Report

According to the complaint, Innventure announced on November 17, 2025 that Accelsius had entered into an agreement under which DarkNX would deploy Accelsius’s NeuCool technology across a new 300MW AI data center campus in Ontario, Canada. The complaint alleges that Innventure subsequently cited the DarkNX agreement in connection with Accelsius’s expected growth, bookings, revenue generation, and anticipated cash-flow positivity.

The complaint alleges that on May 28, 2026, Morpheus Research published a report questioning the DarkNX project and alleging there was “zero evidence this project exists or that DarkNX has the team or funding to even contemplate such a project.”

According to the complaint, Innventure’s stock price fell $0.54 per share, or 8.42%, to close at $5.87 per share on May 28, 2026.

August 2026 Disclosures and 55% Stock Price Decline

On August 13, 2026, Innventure reported second-quarter 2026 results and suspended its previously communicated expectations regarding Accelsius’s 2026 revenue and cash-flow targets.

Innventure’s August 13, 2026 Form 10-Q disclosed that “the deployment site identified in the DarkNX purchase order is no longer available. Accelsius has removed the DarkNX project from its internal bookings.”

According to the complaint, Innventure’s stock price then fell $1.98 per share, or 55%, to close at $1.62 per share on August 14, 2026, on unusually heavy trading volume.

Review the Innventure Securities Class Action Complaint.

Innventure Investors: Contact Kehoe Law Firm

Investors who purchased or otherwise acquired Innventure securities during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or send us a message to discuss their legal rights.

For a free, no-obligation legal evaluation, contact: 

Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]

Lead Plaintiff Deadline: October 27, 2026. Investors who wish to seek appointment as lead plaintiff must do so by October 27, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors and consumers in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

There is no cost or obligation to speak with the firm, and there are no upfront fees or litigation costs. We handle class action matters on a contingency-fee basis. Any attorneys’ fees or expenses sought in connection with a recovery are subject to court approval.

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