Identiv Signs Agreement To Sell Its IoT Business Operating Assets, Thai Subsidiary To Trackonomy Systems; To Contribute $25M In Cash In Exchange For $50M In Trackonomy Preferred Shares

Identiv, Inc.

Identiv, Inc.

INVE

0.00

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. This transaction represents a significant milestone in the Company's strategic evolution and positions Identiv for its next chapter of growth.

Under the terms of the agreement, Identiv will sell its IoT assets, including its German R&D center, and its Thai subsidiary, and will contribute $25 million in cash, in exchange for $50 million in Trackonomy preferred equity. Identiv's cash contribution is intended to support integration efforts and fund incremental capital expenditures, including the scale-up of high-volume opportunities.

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