Time-sensitive: a securities class action alleges Innventure's 2026 cash flow and revenue targets for Accelsius rested on projections a former executive described as "pure fiction," tied to a counterparty with no substantiated funding.
NEW YORK, Sept. 2, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP alerts investors in Innventure, Inc. (NASDAQ: INV) of a pending securities class action on behalf of shareholders who purchased securities between November 17, 2025 and August 13, 2026. Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.
INV shares declined 55%, a drop of $1.98 per share, after the Company reported a second quarter 2026 net loss of $34.9 million, an adjusted EBITDA loss of $22.6 million, and the suspension of its previously communicated 2026 revenue and cash flow targets for Accelsius. The Court has set October 27, 2026 as the deadline to apply for lead plaintiff appointment.
What Management Allegedly Knew About the 2026 Targets
Accelsius reported approximately $1.5 million in 2025 revenue, primarily from demonstration units, as alleged. Management nonetheless told the market that Accelsius had a path to a $100 million annualized revenue run rate and would be cash flow positive by year end 2026, the lawsuit asserts. The action claims a former Innventure executive stated that management used "false information" and revenue projections that were "pure fiction" to solicit investments into Accelsius.
Projection Inflation in AI Cooling Bookings
- Liquid cooling suppliers frequently cite bookings, purchase orders, and pipeline figures that are not yet revenue, and conversion depends entirely on whether the end customer can fund and build the facility.
- A 300MW campus of the type announced would require billions of dollars in capital, extensive permitting, and grid interconnection work before any cooling hardware ships, as alleged.
- The announced purchase order was presented to investors as contracted backlog supporting the 2026 targets, the lawsuit asserts.
- Management stated on an earnings call that the counterparty was "funded" while also stating, "I don't know the source though, to tell you the truth."
- Following the announcement, Accelsius raised $65 million in a Series B round at a $665 million post-money valuation.
Why Projection Credibility Allegedly Matters to Investors
One analyst estimated the Accelsius stake represented roughly 77% of Innventure's approximately $540 million valuation. On August 13, 2026, the Company suspended the Accelsius 2026 revenue and cash flow targets and disclosed that the deployment site identified in the DarkNX purchase order was no longer available and that the project had been removed from internal bookings. The action claims the projection framework supporting that valuation was withdrawn along with it.
"Investors deserve transparency about material risks that could affect their investments. Here, the complaint alleges that publicly stated 2026 revenue and cash flow targets were anchored to a counterparty whose ability to fund or build the announced project was never substantiated." -- Joseph E. Levi, Esq.
Learn more about the case or call (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP — Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report. Investors who suffered losses have until October 27, 2026 to seek appointment as lead plaintiff.
Frequently Asked Questions About the INV Lawsuit
Q: What is the INV lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is October 27, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.
Q: How much did INV stock drop? A: The Complaint examines two allegedly related drops. Shares first fell $0.54 per share, or about 8.42% on May 28, 2026, and then fell a further $1.98 per share, or about 55%, on August 14, 2026. Investors who purchased shares during the Class Period at artificially inflated prices and suffered losses may be eligible to seek compensation.
Q: What specific misstatements does the INV lawsuit allege? A: The complaint alleges Innventure, Inc. made materially false or misleading statements regarding the viability of Accelsius' agreement with DarkNX to deploy NeuCool technology across a 300MW AI data center campus, and the 2026 revenue and cash flow targets built on that agreement, during the Class Period. When the suspension of those targets and the removal of the project from bookings was disclosed, the stock price declined sharply.
Q: What do INV investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.
Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.
Q: What if I already sold my INV shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: How long will the lawsuit take to resolve? A: Securities class actions typically take two to four years from initial filing to resolution. Timing depends on the court schedule, case developments, and whether the matter is dismissed, settled, or litigated further.
CONTACT:\
Levi & Korsinsky, LLP\
Joseph E. Levi, Esq.\
Ed Korsinsky, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
jlevi@levikorsinsky.com\
Tel: (212) 363-7500\
Fax: (212) 363-7171
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