{"success":true,"data":{"pressRelease":{"id":"155810","rtpr_id":"nPnkF6BVa-20260929","ticker":"INV","exchange":"NASDAQ","all_tickers":["INV"],"title":"Innventure (INV) Faces Securities Fraud Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops - Hagens Berman","author":"PR Newswire","published_at":"2026-09-29T16:37:00.083Z","article_body":"Innventure (INV) Faces Securities Fraud Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops - Hagens Berman\nPR Newswire\n\nSAN FRANCISCO, Sept. 29, 2026\n\nSAN FRANCISCO, Sept. 29, 2026 /PRNewswire/ -- Innventure, Inc. (NASDAQ:\nINV) and certain executives face a securities class action lawsuit after its\nstock price cratered 55% on August 14, 2026, triggered by the company's\ndecisions to remove the DarkNX project from its 2026 forecast and suspend its\nrevenue guidance.\n\nAs a result of these developments, national shareholders rights firm Hagens\nBerman is investigating claims that Innventure violated the federal securities\nlaws. The firm encourages Innventure investors who suffered substantial losses\nto submit your losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=2901268315&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Finnventure-inc-inv-securities-class-action&a=submit+your+losses+now)\n.\n\nClass Period: Nov. 17, 2025 – Aug. 13, 2026\nLead Plaintiff Deadline: Oct. 27, 2026\nVisit: www.hbsslaw.com/inv\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=3749348658&u=https%3A%2F%2Fwww.hbsslaw.com%2Finv&a=www.hbsslaw.com%2Finv)\n\nContact the Firm Now: INV@hbsslaw.com (mailto:INV@hbsslaw.com)\n                                       844-916-0895\n\nInnventure, Inc. ($INV) Securities Class Action:\n\nThe litigation is focused on the propriety of Innventure's statements about\nAccelsius' arrangement with DarkNX, a purported global digital infrastructure\ncompany, under which DarkNX would deploy Accelsius' NeuCool technology across\na new 300MW AI data center campus in Ontario, Canada.\n\nMore specifically, the company has characterized the project as \"the largest\ntwo-phase, direct-to-chip deployment to date, signaling a major shift toward\nlarge-scale industry adoption of next-generation cooling.\" In addition, during\nthe Class Period, Innventure assured investors that the DarkNX project is\n\"proceeding as expected with initial deliveries expected in 2026.\"\n\nThe company's narrative began to come into question on May 28, 2026. That day,\nforensic research firm Morpheus Research published \"Innventure: The Latest\nIteration Of A Decades-Long Grift Propped Up By A Fake 300MW Data Center\nDeal.\"  According to the Morpheus report, there was \"zero evidence this\nproject exists or that DarkNX has the team or funding to even contemplate such\na project.\"\n\nThe report said \"[a]ccording to a former Innventure executive, management was\nusing 'false information' and revenue projections that were 'pure fiction' to\nsolicit investments into Accelsius.\" Quoting a former Accelsius employee, when\nasked about DarkNX, the former employee reportedly said \"'we've never heard of\nthe company'\" and \"'there's no data center.'\"\n\nOn August 13, 2026, Innventure's narrative fully unraveled, when the company\nrevealed \"that the deployment site identified in the DarkNX purchase order is\nno longer available.\" Accordingly, the company removed the DarkNX project from\nits internal bookings and suspended its 2026 revenue and cash flow\nexpectations.\n\nAs a result of these revelations, between May 27, 2026 (the day before\nMorpheus' report) and August 14, 2026, the price of Innventure shares crumbled\n$4.795, or a whopping 74%.\n\n\"We're focused on whether Innventure may have intentionally or recklessly\nmisled its shareholders about the viability of the DarkNX project,\" said Reed\nKathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=2461568143&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the Hagens Berman partner leading the firm's investigation.\n\nIf you invested in Innventure and have substantial losses, or have knowledge\nthat will assist the firm's investigation, submit your losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=2901268315&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Finnventure-inc-inv-securities-class-action&a=submit+your+losses+now)\n »\n\nWhistleblowers: Persons with non-public information regarding Innventure\nshould consider their options to help in the investigation or take advantage\nof the SEC Whistleblower program. Under the new program, whistleblowers who\nprovide original information may receive rewards totaling up to 30 percent of\nany successful recovery made by the SEC. For more information, call Reed\nKathrein at 844-916-0895 or email INV@hbsslaw.com (mailto:INV@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=158007019&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=3973190610&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=3595558108&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/innventure-inv-faces-securities-fraud-class-action-amid-questions-over-darknx-project-bookings-removal-stock-drops--hagens-berman-302893136.html\n(https://www.prnewswire.com/news-releases/innventure-inv-faces-securities-fraud-class-action-amid-questions-over-darknx-project-bookings-removal-stock-drops--hagens-berman-302893136.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nHagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, INV@hbsslaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1117217/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2976621\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnkF6BVa-20260929","title":"Innventure (INV) Faces Securities Fraud Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops - Hagens Berman","author":"PR Newswire","ticker":"INV","created":"2026-09-29T16:37:00.083Z","tickers":["INV"],"exchange":"NASDAQ","article_body":"Innventure (INV) Faces Securities Fraud Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops - Hagens Berman\nPR Newswire\n\nSAN FRANCISCO, Sept. 29, 2026\n\nSAN FRANCISCO, Sept. 29, 2026 /PRNewswire/ -- Innventure, Inc. (NASDAQ:\nINV) and certain executives face a securities class action lawsuit after its\nstock price cratered 55% on August 14, 2026, triggered by the company's\ndecisions to remove the DarkNX project from its 2026 forecast and suspend its\nrevenue guidance.\n\nAs a result of these developments, national shareholders rights firm Hagens\nBerman is investigating claims that Innventure violated the federal securities\nlaws. The firm encourages Innventure investors who suffered substantial losses\nto submit your losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=2901268315&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Finnventure-inc-inv-securities-class-action&a=submit+your+losses+now)\n.\n\nClass Period: Nov. 17, 2025 – Aug. 13, 2026\nLead Plaintiff Deadline: Oct. 27, 2026\nVisit: www.hbsslaw.com/inv\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=3749348658&u=https%3A%2F%2Fwww.hbsslaw.com%2Finv&a=www.hbsslaw.com%2Finv)\n\nContact the Firm Now: INV@hbsslaw.com (mailto:INV@hbsslaw.com)\n                                       844-916-0895\n\nInnventure, Inc. ($INV) Securities Class Action:\n\nThe litigation is focused on the propriety of Innventure's statements about\nAccelsius' arrangement with DarkNX, a purported global digital infrastructure\ncompany, under which DarkNX would deploy Accelsius' NeuCool technology across\na new 300MW AI data center campus in Ontario, Canada.\n\nMore specifically, the company has characterized the project as \"the largest\ntwo-phase, direct-to-chip deployment to date, signaling a major shift toward\nlarge-scale industry adoption of next-generation cooling.\" In addition, during\nthe Class Period, Innventure assured investors that the DarkNX project is\n\"proceeding as expected with initial deliveries expected in 2026.\"\n\nThe company's narrative began to come into question on May 28, 2026. That day,\nforensic research firm Morpheus Research published \"Innventure: The Latest\nIteration Of A Decades-Long Grift Propped Up By A Fake 300MW Data Center\nDeal.\"  According to the Morpheus report, there was \"zero evidence this\nproject exists or that DarkNX has the team or funding to even contemplate such\na project.\"\n\nThe report said \"[a]ccording to a former Innventure executive, management was\nusing 'false information' and revenue projections that were 'pure fiction' to\nsolicit investments into Accelsius.\" Quoting a former Accelsius employee, when\nasked about DarkNX, the former employee reportedly said \"'we've never heard of\nthe company'\" and \"'there's no data center.'\"\n\nOn August 13, 2026, Innventure's narrative fully unraveled, when the company\nrevealed \"that the deployment site identified in the DarkNX purchase order is\nno longer available.\" Accordingly, the company removed the DarkNX project from\nits internal bookings and suspended its 2026 revenue and cash flow\nexpectations.\n\nAs a result of these revelations, between May 27, 2026 (the day before\nMorpheus' report) and August 14, 2026, the price of Innventure shares crumbled\n$4.795, or a whopping 74%.\n\n\"We're focused on whether Innventure may have intentionally or recklessly\nmisled its shareholders about the viability of the DarkNX project,\" said Reed\nKathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=2461568143&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the Hagens Berman partner leading the firm's investigation.\n\nIf you invested in Innventure and have substantial losses, or have knowledge\nthat will assist the firm's investigation, submit your losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=2901268315&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Finnventure-inc-inv-securities-class-action&a=submit+your+losses+now)\n »\n\nWhistleblowers: Persons with non-public information regarding Innventure\nshould consider their options to help in the investigation or take advantage\nof the SEC Whistleblower program. Under the new program, whistleblowers who\nprovide original information may receive rewards totaling up to 30 percent of\nany successful recovery made by the SEC. For more information, call Reed\nKathrein at 844-916-0895 or email INV@hbsslaw.com (mailto:INV@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=158007019&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=3973190610&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4785273-1&h=3595558108&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/innventure-inv-faces-securities-fraud-class-action-amid-questions-over-darknx-project-bookings-removal-stock-drops--hagens-berman-302893136.html\n(https://www.prnewswire.com/news-releases/innventure-inv-faces-securities-fraud-class-action-amid-questions-over-darknx-project-bookings-removal-stock-drops--hagens-berman-302893136.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nHagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, INV@hbsslaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1117217/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2976621\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-29T16:37:00.146709871Z","server_sent_at_ms":1790699820146},"received_at":"2026-09-29T16:37:00.200Z","source_url":"https://www.prnewswire.com/news-releases/innventure-inv-faces-securities-fraud-class-action-amid-questions-over-darknx-project-bookings-removal-stock-drops--hagens-berman-302893136.html"},"analysis":{"id":"144528","press_release_id":"155810","analysis_json":{"industry":{"label":"Commercial Services & Supplies","sector":"Industrials"},"redFlags":["underlying securities fraud class action alleges DarkNX 300MW data center deal may not exist","company removed DarkNX from bookings and suspended 2026 revenue and cash flow guidance","stock down 74% since May 27, 2026 following forensic short report"],"eventType":"legal_litigation","narrative":"Hagens Berman announced it is investigating securities-fraud claims against Innventure (INV) following a securities class action tied to the company's DarkNX project disclosures.\n\nThe release details that INV dropped 55% on August 14, 2026 after removing DarkNX from 2026 bookings and suspending guidance, and fell 74% overall since May 27, 2026 following a critical Morpheus Research short report.\n\nThis is a plaintiff-firm solicitation seeking investors for a lead-plaintiff deadline of Oct. 27, 2026 — not a new issuer disclosure — and should be treated as low-signal noise despite the serious underlying allegations.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm class-action solicitation — suppress; monitor for issuer response instead."},"keyFigures":{"customDimensions":{"class_period":"Nov. 17, 2025 – Aug. 13, 2026","stock_drop_percent":"74%","lead_plaintiff_deadline":"Oct. 27, 2026","stock_drop_aug14_percent":"55%"}},"quotedText":"We're focused on whether Innventure may have intentionally or recklessly misled its shareholders about the viability of the DarkNX project","namedEntities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"}],"products":["NeuCool"],"companies":[{"name":"Innventure, Inc.","ticker":"INV","relationship":"issuer/target of class action"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm"},{"name":"Morpheus Research","relationship":"forensic research firm"},{"name":"Accelsius","relationship":"subsidiary/affiliate of filer"},{"name":"DarkNX","relationship":"counterparty of disputed project"}],"dollarAmounts":[{"amount":"$4.795","context":"per-share price decline between May 27 and Aug 14, 2026"},{"amount":"$2.9 billion","context":"Hagens Berman's stated cumulative recoveries"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Hagens Berman under its own name. While an underlying securities class action exists and the stock fell sharply, this release itself is investor solicitation with no certified class or settlement."},"tickerRelevance":{"others":[],"primary":"INV"},"globalImportance":18,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingSeverity":"high (74% drawdown, fraud allegations)"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman announced it is investigating securities-fraud claims against Innventure (INV) following a securities class action tied to the company's DarkNX project disclosures.\n\nThe release details that INV dropped 55% on August 14, 2026 after removing DarkNX from 2026 bookings and suspending guidance, and fell 74% overall since May 27, 2026 following a critical Morpheus Research short report.\n\nThis is a plaintiff-firm solicitation seeking investors for a lead-plaintiff deadline of Oct. 27, 2026 — not a new issuer disclosure — and should be treated as low-signal noise despite the serious underlying allegations.","key_figures":{"customDimensions":{"class_period":"Nov. 17, 2025 – Aug. 13, 2026","stock_drop_percent":"74%","lead_plaintiff_deadline":"Oct. 27, 2026","stock_drop_aug14_percent":"55%"}},"named_entities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"}],"products":["NeuCool"],"companies":[{"name":"Innventure, Inc.","ticker":"INV","relationship":"issuer/target of class action"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm"},{"name":"Morpheus Research","relationship":"forensic research firm"},{"name":"Accelsius","relationship":"subsidiary/affiliate of filer"},{"name":"DarkNX","relationship":"counterparty of disputed project"}],"dollarAmounts":[{"amount":"$4.795","context":"per-share price decline between May 27 and Aug 14, 2026"},{"amount":"$2.9 billion","context":"Hagens Berman's stated cumulative recoveries"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T16:37:06.375Z","global_importance":18,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingSeverity":"high (74% drawdown, fraud allegations)"}},"durationMs":6157,"modelName":"glm-5.3-flashx"}}