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Pomerantz LLP Launches Investigation Into Identiv Following Asset Sale

Identiv shares plummeted 32% after the company announced plans to divest its Internet of Things assets and Thai subsidiary to Trackonomy Systems. The deal, which requires Identiv to contribute $25 million in cash for $50 million in preferred equity, has prompted a formal investigation by the law firm Pomerantz LLP.

Pomerantz LLP Launches Investigation Into Identiv Following Asset Sale
Photo: Bio & News

The legal inquiry focuses on whether Identiv’s officers or directors engaged in securities fraud or unlawful business practices surrounding the transaction. On June 24, 2026, the company revealed the agreement, sparking a sharp market reaction the following day. Identiv’s stock price dropped $1.19 per share, closing at $2.50 on June 25.

Pomerantz LLP is currently inviting affected shareholders to contact its representative, Danielle Peyton, to discuss potential participation in a class action. The firm, known for its focus on securities litigation and corporate misconduct, is evaluating whether the terms of the Trackonomy deal constitute a breach of fiduciary duty or other regulatory violations.

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