Identiv Announces Agreement to Sell its IoT Assets to Trackonomy, Creating a Global Physical AI and Intelligent Supply Chain LeaderEnters into Strategic Partnership Framework Agreement to Collaborate on Future SaaS Opportunities Leveraging Trackonomy's Physical AI Platform Post-Close Strategy Focused on Acquiring Highly Complementary SaaS Companies to Drive Long-Term Shareholder Value Announces $40 Million Stock Repurchase Program, with Intention to Repurchase Shares After Transaction Close Conference Call Today at 5:00 PM EDT / 2:00 PM PDT SANTA ANA, Calif., June 24, 2026 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and Bluetooth Low Energy (BLE)-enabled Internet of Things (IoT) solutions, announced today that it has entered into a definitive agreement to sell its IoT business operating assets and its Thai subsidiary to Trackonomy Systems, Inc., a pioneer in battery-powered smart labels and a global leader in Physical AI.
PRNewsWire6/24/2026Neutral