{"success":true,"data":{"pressRelease":{"id":"167614","rtpr_id":"nPn81Qrhqa-20261013","ticker":"INV","exchange":"NASDAQ","all_tickers":["INV"],"title":"Innventure (INV) Faces Securities Fraud Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops","author":"PR Newswire","published_at":"2026-10-13T12:48:00.284Z","article_body":"Innventure (INV) Faces Securities Fraud Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops\nPR Newswire\n\nSAN FRANCISCO, Oct. 13, 2026\n\nSAN FRANCISCO, Oct. 13, 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=4796211-1&h=3727045961&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\n\nLead Plaintiff Deadline: Oct. 27, 2026\n\nVisit: www.hbsslaw.com/inv\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796211-1&h=4223945378&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Finnventure-inc-inv-securities-class-action&a=www.hbsslaw.com%2Finv)\n \n\nContact the Firm Now: INV@hbsslaw.com (mailto:INV@hbsslaw.com)\n\n \n844-916-0895\n\nVideo: https://youtu.be/STRj34rgSvY\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796211-1&h=2954850980&u=https%3A%2F%2Fyoutu.be%2FSTRj34rgSvY&a=https%3A%2F%2Fyoutu.be%2FSTRj34rgSvY)\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=4796211-1&h=3765661341&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=4796211-1&h=3727045961&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=4796211-1&h=2074156281&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=4796211-1&h=2652500416&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=4796211-1&h=2760130254&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-302906601.html\n(https://www.prnewswire.com/news-releases/innventure-inv-faces-securities-fraud-class-action-amid-questions-over-darknx-project-bookings-removal-stock-drops-302906601.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=OA3014509\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn81Qrhqa-20261013","title":"Innventure (INV) Faces Securities Fraud Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops","author":"PR Newswire","ticker":"INV","created":"2026-10-13T12:48:00.284Z","tickers":["INV"],"exchange":"NASDAQ","article_body":"Innventure (INV) Faces Securities Fraud Class Action Amid Questions Over DarkNX Project Bookings Removal, Stock Drops\nPR Newswire\n\nSAN FRANCISCO, Oct. 13, 2026\n\nSAN FRANCISCO, Oct. 13, 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=4796211-1&h=3727045961&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\n\nLead Plaintiff Deadline: Oct. 27, 2026\n\nVisit: www.hbsslaw.com/inv\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796211-1&h=4223945378&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Finnventure-inc-inv-securities-class-action&a=www.hbsslaw.com%2Finv)\n \n\nContact the Firm Now: INV@hbsslaw.com (mailto:INV@hbsslaw.com)\n\n \n844-916-0895\n\nVideo: https://youtu.be/STRj34rgSvY\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4796211-1&h=2954850980&u=https%3A%2F%2Fyoutu.be%2FSTRj34rgSvY&a=https%3A%2F%2Fyoutu.be%2FSTRj34rgSvY)\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=4796211-1&h=3765661341&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=4796211-1&h=3727045961&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=4796211-1&h=2074156281&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=4796211-1&h=2652500416&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=4796211-1&h=2760130254&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-302906601.html\n(https://www.prnewswire.com/news-releases/innventure-inv-faces-securities-fraud-class-action-amid-questions-over-darknx-project-bookings-removal-stock-drops-302906601.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=OA3014509\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-13T12:48:00.332009361Z","server_sent_at_ms":1791895680332},"received_at":"2026-10-13T12:48:00.382Z","source_url":"https://www.prnewswire.com/news-releases/innventure-inv-faces-securities-fraud-class-action-amid-questions-over-darknx-project-bookings-removal-stock-drops-302906601.html"},"analysis":{"id":"155905","press_release_id":"167614","analysis_json":{"industry":{"label":"Building Products","sector":"Industrials"},"redFlags":["Securities fraud class action over DarkNX project disclosures","Company removed DarkNX from bookings and suspended 2026 revenue and cash flow guidance","Stock fell 74% between May 27 and Aug 14, 2026 after short-report allegations of a fabricated 300MW data center deal"],"eventType":"legal_litigation","narrative":"Hagens Berman announced a securities class action and investigation against Innventure (INV), with a class period of Nov. 17, 2025 through Aug. 13, 2026 and an Oct. 27, 2026 lead plaintiff deadline.\n\nThe litigation centers on Innventure's statements about the DarkNX deal, which was removed from 2026 bookings on Aug. 13, 2026, triggering a 55% one-day drop; shares fell 74% between May 27 and Aug. 14.\n\nA May 2026 Morpheus Research report alleged no evidence exists that the DarkNX project or company is real. This release is law-firm solicitation, not new issuer disclosure.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation tied to previously disclosed DarkNX collapse -- suppress posting."},"keyFigures":{},"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 the investigation"}],"products":["NeuCool"],"companies":[{"name":"Innventure, Inc.","ticker":"INV","relationship":"issuer targeted by class action"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm"},{"name":"Accelsius","relationship":"subsidiary whose NeuCool technology is at issue"},{"name":"DarkNX","relationship":"purported customer; deal validity challenged"},{"name":"Morpheus Research","relationship":"forensic research firm that published short report"}],"dollarAmounts":[{"amount":"$4.795","context":"per-share decline in INV from May 27 to Aug 14, 2026 (74%)"},{"amount":"300MW","context":"size of purported DarkNX AI data center campus in Ontario"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Hagens Berman under the firm's own wire account. No new issuer disclosure, no certified class, and no settlement; the underlying DarkNX collapse and guidance suspension were previously disclosed."},"tickerRelevance":{"others":[],"primary":"INV"},"globalImportance":12,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingEventSeverity":"high but previously disclosed"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman announced a securities class action and investigation against Innventure (INV), with a class period of Nov. 17, 2025 through Aug. 13, 2026 and an Oct. 27, 2026 lead plaintiff deadline.\n\nThe litigation centers on Innventure's statements about the DarkNX deal, which was removed from 2026 bookings on Aug. 13, 2026, triggering a 55% one-day drop; shares fell 74% between May 27 and Aug. 14.\n\nA May 2026 Morpheus Research report alleged no evidence exists that the DarkNX project or company is real. This release is law-firm solicitation, not new issuer disclosure.","key_figures":{},"named_entities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading the investigation"}],"products":["NeuCool"],"companies":[{"name":"Innventure, Inc.","ticker":"INV","relationship":"issuer targeted by class action"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm"},{"name":"Accelsius","relationship":"subsidiary whose NeuCool technology is at issue"},{"name":"DarkNX","relationship":"purported customer; deal validity challenged"},{"name":"Morpheus Research","relationship":"forensic research firm that published short report"}],"dollarAmounts":[{"amount":"$4.795","context":"per-share decline in INV from May 27 to Aug 14, 2026 (74%)"},{"amount":"300MW","context":"size of purported DarkNX AI data center campus in Ontario"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T12:48:06.950Z","global_importance":12,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingEventSeverity":"high but previously disclosed"}},"durationMs":null,"modelName":"glm-5.3-flashx"}}