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INVE Identiv News Story

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Brief: Identiv Announces Agreement To Sell Its IoT Assets To Trackonomy, Creating A Global Physical AI And Intelligent Supply Chain Leader

BRIEF-Identiv Announces Agreement To Sell Its IoT Assets To Trackonomy, Creating A Global Physical AI And Intelligent Supply Chain Leader

- Identiv Inc INVE.O:

  • IDENTIV ANNOUNCES AGREEMENT TO SELL ITS IOT ASSETS TO TRACKONOMY, CREATING A GLOBAL PHYSICAL AI AND INTELLIGENT SUPPLY CHAIN LEADER

  • IDENTIV INC: ANNOUNCES $40 MILLION STOCK REPURCHASE PROGRAM, WITH INTENTION TO REPURCHASE SHARES AFTER TRANSACTION CLOSE

  • IDENTIV - NAME AND BRAND TO BE SOLD; PUBLIC COMPANY NAME TO CHANGE POST-CLOSE

  • IDENTIV - TO RECEIVE $50 MILLION IN TRACKONOMY PREFERRED EQUITY FOR IOT ASSETS AND $25 MILLION CASH CONTRIBUTION

Source text: ID:nPnmgYZva

Further company coverage: INVE.O


((Reuters.Briefs@thomsonreuters.com;))

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