The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Innventure, Inc. (“Innventure” or the “Company”) (NASDAQ: INV) securities during the period of November 17, 2025 through August 13, 2026, inclusive (“the Class Period”). Investors are encouraged to contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below to discuss your rights or interests in the securities fraud class action lawsuit at no cost.

If you suffered a loss on your Innventure investments, you have until October 27, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:

[CONTACT THE FIRM IF YOU SUFFERED A LOSS]

What Is This Lawsuit About? The lawsuit alleges that Innventure made materially false and/or misleading statements and failed to disclose to investors that: (i) an alleged transformative deal between Innventure’s subsidiary Accelsius Holdings LLC (“Accelsius”), which develops liquid cooling solutions for data centers, and DarkNX was unlikely to come to fruition as no evidence of DarkNX constructing or facilitating a large-scale AI data center existed; and (ii) as a result, the Company’s stated revenue and cash flow targets for Accelsius in 2026 were overstated.

On May 28, 2026, Morpheus Research published a report entitled “Innventure: The Latest Iteration Of A Decades-Long Grift Propped Up By A Fake 300MW Data Center Deal,” alleging that Innventure’s DarkNX venture to build an AI data center campus in Ontario, Canada was a fabrication. The report stated that there was “zero evidence this project exists or that DarkNX has the team or funding to even contemplate such a project,” and that “[a]ccording to a former Innventure executive, management was using ‘false information’ and revenue projections that were ‘pure fiction’ to solicit investments into Accelsius.” On this news, Innventure’s stock price fell $0.54, or 8.42%, to close at $5.87 per share on May 28, 2026.

On August 13, 2026, Innventure reported its second quarter 2026 financial results, disclosing a net loss of $34.9 million, compared to $27.8 million in the first quarter of 2026, and an adjusted EBITDA loss of $22.6 million, compared to $18.4 million in the first quarter of 2026. The Company also stated, “We are suspending our previously communicated expectations regarding Accelsius’ 2026 revenue and cash flow targets and shifting our focus.” That same day, Innventure filed its Form 10-Q with the SEC, disclosing that “the deployment site identified in the DarkNX purchase order is no longer available. Accelsius has removed the DarkNX project from its internal bookings.” On this news, Innventure’s stock price fell $1.98, or 55%, to close at $1.62 per share on August 14, 2026.

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The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Learn more about the lead plaintiff process and eligibility requirements here. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]

What Should I Do? If you purchased or otherwise acquired Innventure securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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