# Identiv, Inc. (INVE) — divestiture/carve_out [pending]
Source: SEC API (secapi.ai) · situation sit_f2880fb884e07f56aabd · retrieved 2026-08-12T06:58:00.497Z

## Overview
Identiv, Inc. is a leading provider of radio-frequency identification (RFID)- and Bluetooth Low Energy (BLE)-enabled Internet of Things (IoT) solutions that create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet.

On June 24, 2026, Identiv, Inc. entered into a Stock and Asset Purchase Agreement with Trackonomy Systems, Inc. to sell its specialty Internet of Things (IoT) business. The transaction involves the sale of substantially all of Identiv's operating assets, including all outstanding shares of Identiv (Thailand) Co., Ltd, its wholly-owned subsidiary, and $25.0 million in cash (subject to adjustment), in exchange for $50.0 million of Trackonomy Series C Preferred Stock valued at $20.07 per share, representing not less than 4.7% of Trackonomy's outstanding capital stock on a fully diluted, post-issuance basis. Trackonomy will also assume certain liabilities related to the IoT Business. Following the closing, Identiv intends to continue as a public company under a new corporate name and transition to a new business model focused on acquiring targeted compliance software-as-a-service (SaaS) businesses in highly regulated industries.

## Terms
- Counterparty: Trackonomy Systems, Inc. · Deal value: $50.0M · Consideration: stock · Stake: 4.7% · Price/share: $20.07

## Key dates
- Announced 2026-08-07 · Record 2026-07-27 · Vote 2026-09-10

## Timeline
- 2026-08-07 · DEFM14A (0001193125-26-338993): DEFM14A - Identiv, Inc. — *Identiv, Inc. is a leading provider of radio-frequency identification (RFID)- and Bluetooth Low Energy (BLE)-enabled Internet of Things (IoT) solutions that create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet.* On June 24, 2026, Identiv, Inc. entered into a Stock and Asset Purchase Agreement with Trackonomy Systems, Inc. to sell its specialty Internet of Things (IoT) business. The transaction involves the sale of substantially all of Identiv's operating assets, including all outstanding shares of Identiv (Thailand) Co., Ltd, its wholly-owned subsidiary, and $25.0 million in cash (subject to adjustment), in exchange for $50.0 million of Trackonomy Series C Preferred Stock valued at $20.07 per share, representing not less than 4.7% of Trackonomy's outstanding capital stock on a fully diluted, post-issuance basis. Trackonomy will also assume certain liabilities related to the IoT Business. Following the closing, Identiv intends to continue as a public company under a new corporate name and transition to a new business model focused on acquiring targeted compliance software-as-a-service (SaaS) businesses in highly regulated industries.
  https://www.sec.gov/Archives/edgar/data/1036044/0001193125-26-338993.txt

## Citations
- 0001193125-26-338993 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526338993