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Innventure (INV) Facing Securities Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops
GlobeNewswire Inc.·
Innventure Inc. (NASDAQ: INV) faces a securities class action lawsuit after its stock plummeted 55% on August 14, 2026, following the company's removal of the DarkNX project from its 2026 forecast and suspension of revenue guidance. A forensic research report alleged the 300MW data center project in Ontario, Canada was non-existent with 'zero evidence' of its viability, contradicting management's prior assurances to investors. The stock price fell 74% between May 27 and August 14, 2026, as the company revealed the deployment site was no longer available.
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