Innventure's SEC filings allegedly warned only that data center bookings "may" convert slowly, while the complaint contends the Company already knew its flagship 300MW DarkNX project had no available site, no announced funding, and no verifiable counterparty. INV shares fell 55% when the project was removed from internal bookings.
NEW YORK, Sept. 23, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Innventure, Inc. (NASDAQ: INV) that a securities class action has been filed on behalf of shareholders who purchased securities between November 17, 2025 and August 13, 2026. Submit your information now. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.
On August 14, 2026, INV closed at $1.62 per share, a decline of $1.98, or 55%, on unusually heavy trading volume, after Innventure reported a second quarter 2026 net loss of $34.9 million, an adjusted EBITDA loss of $22.6 million, and the suspension of Accelsius' 2026 revenue and cash flow targets. The deadline to apply for lead plaintiff appointment is October 27, 2026.
What the Company Disclosed
SEC filings stated that Accelsius' results "may be adversely affected by long and unpredictable deployment cycles in the data center market, which could delay or reduce the conversion of bookings into revenue," and that Accelsius "may not realize all of the sales expected from its backlog of orders and contracts." The same filings cautioned that large data center customers "frequently adjust project timelines, reduce or reallocate capital expenditures, or pause or cancel projects altogether."
What Plaintiffs Allege Was Missing
The complaint challenges that language as generic timing and cancellation risk that did not address the specific condition of the DarkNX purchase order. Disclosure language indicated ordinary project slippage; the action contends the actual risk was that the announced 300MW Ontario campus had no identifiable site and that the counterparty had no discernible operations or disclosed funding source.
Disclosure Gaps Alleged
- Filings referenced binding revenue-generating agreements and "contracted backlog" without disclosing the allegedly unverified status of the flagship deployment.
- A March 30, 2026 investor presentation stated the DarkNX agreement was "proceeding as expected with initial deliveries expected in 2026."
- Management publicly described DarkNX as a "vertically-integrated and funded AI data center developer," while an officer reportedly said of the funding, "I don't know the source though, to tell you the truth."
- Targets of cash flow positivity by year end 2026 and a $100 million annualized revenue run rate were tied to a project later removed from Accelsius' internal bookings, against approximately $1.5 million in 2025 Accelsius revenue.
- Risk factors addressed customer delays, not the possibility described in the May 28, 2026 Morpheus Research report, after which INV fell 8.42% to close at $5.87.
The action asserts claims under Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, which require that public statements and periodic filings not omit material facts needed to make them accurate.
"Generic risk factor language cannot substitute for disclosing specific, known problems that are already affecting a company's operations. Here, the complaint contends that filings warned about deployment timing while the availability of the DarkNX site itself was allegedly in question." -- Joseph E. Levi, Esq.
Find out if you might qualify to recover losses or call (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the INV Lawsuit
Q: What specific misstatements does the INV lawsuit allege? A: The complaint alleges Innventure, Inc. made materially false or misleading statements regarding 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 Company disclosed that the DarkNX deployment site was no longer available, that the project had been removed from internal bookings, and that Accelsius' 2026 targets were suspended, the stock price declined sharply.
Q: What court was the INV class action filed in? A: The case was filed in the United States District Court for the Southern District of New York, governed by the Private Securities Litigation Reform Act of 1995.
Q: Who are the defendants named in the INV lawsuit? A: The complaint names Innventure, Inc. and senior executives, Gregory William Haskell and David Yablunosky.
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 documents do I need to to submit my information? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
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: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it may still be able to participate in any potential settlement or recovery.
CONTACT:\
Levi & Korsinsky, LLP\
Joseph E. Levi, Esq.\
Ed Korsinsky, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
Tel: (212) 363-7500\
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
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SOURCE Levi & Korsinsky, LLP
