Identiv sells IoT assets and adopts INVE Technologies name
Identiv ($INVE) completed the sale of its Internet of Things business and the Identiv brand to Trackonomy, receiving $50 million in Trackonomy preferred equity. The listed company has been renamed INVE Technologies and intends to pursue software businesses focused on physical-AI compliance. The consideration is preferred stock, not $50 million in cash. The company is also negotiating a strategic partnership as part of the repositioning; those discussions should not be treated as a completed agre
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