INVE Technologies opens up to $20M tender offer
INVE will fund purchases and related fees with cash on hand under a previously authorized repurchase program of up to $40 million.
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Rhea-AI Filing Summary
INVE Technologies, Inc. commenced a modified “Dutch auction” self-tender offer to buy for cash up to $20 million of its common stock at $2.85 to $3.40 per share. It expires at 5:00 p.m., New York City time, on November 19, 2026, unless extended or terminated. If fully subscribed, the offer would represent approximately 24.7% to 29.4% of issued and outstanding shares as of October 19, 2026. INVE may accept up to an additional 2% of outstanding shares if oversubscribed, without extending the expiration, and will use cash on hand to fund repurchases and related fees. The offer is part of a previously authorized repurchase program of up to $40 million.
Preliminary, unaudited third-quarter results were revenue of $2.9 million to $3.1 million, gross margin of 18% to 19%, net income of $0.4 million to $0.8 million, and net income per share of $0.01 to $0.02. Cash was $87.1 million as of September 30, 2026. The estimates reflect the September 15, 2026 asset sale transaction with Trackonomy Systems, Inc., remain subject to quarter-end closing procedures and review, and have not been audited, reviewed, or subject to procedures by INVE’s independent registered public accounting firm. INVE expects to report final results on or about November 12, 2026.
Filing Explained
INVE’s tender is underway, but the twenty-million-dollar cap is not committed: if fewer shares are tendered, it says it will buy all properly tendered shares.
INVE has commenced the self-tender; it has no financing or minimum-share condition, though other offer terms and conditions apply. If less than
Stockholders may name a tender price in five-cent increments; INVE says it will select the lowest price that enables it to purchase
The
8-K Event Classification
Key Figures
Key Terms
modified “Dutch auction” financial
self-tender offer financial
Gross Margin financial
Earnings Snapshot
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much stock is INVE offering to repurchase, and at what price?
What preliminary third-quarter 2026 results did INVE report?
When does INVE’s tender offer expire, and how does the auction work?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On October 21, 2026, INVE Technologies, Inc. (the “Company”) issued a press release announcing preliminary financial results for the fiscal quarter ended September 30, 2026. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 2.02 by reference.
Item 7.01 Regulation FD Disclosure.
The Company also announced it has commenced a modified “Dutch auction” self-tender offer to purchase for cash up to $20 million in value of its shares of common stock, $0.001 par value per share, at a price not greater than $3.40 per share nor less than $2.85 per share, net to the seller in cash, less any applicable withholding and, in certain limited circumstances, transfer taxes and without interest. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 7.01 by reference.
The information contained in Items 2.02 and 7.01 of this Current Report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information contained in this Current Report shall not be incorporated by reference into any registration statement or other document or filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated October 21, 2026 issued by INVE Technologies, Inc. | |
| 104 | Cover page Interactive data file (embedded within the inline XBRL document). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INVE Technologies, Inc. | ||
| October 21, 2026 | By: | /s/ Edward Kirnbauer |
| Edward Kirnbauer Chief Financial Officer | ||
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Exhibit 99.1
INVE Technologies Announces the Commencement
of a
$20 Million Modified Dutch Auction Tender Offer
for its Common Stock
Announces Preliminary Third Quarter 2026 Financial Results
Santa Ana, Calif. — October 21, 2026 — INVE Technologies, Inc. (NASDAQ: INVE) (“INVE Technologies” or the “Company”) announced today that it has commenced a modified “Dutch auction” self-tender offer to purchase for cash up to $20 million in value of shares of its common stock, $0.001 par value per share, at a price not greater than $3.40 per share nor less than $2.85 per share, net to the seller in cash, less any applicable withholding and, in certain limited circumstances, transfer taxes and without interest. The tender offer commenced today, October 21, 2026, and will expire at 5:00 p.m., New York City time, on Thursday, November 19, 2026, unless extended or terminated. On October 20, 2026, the reported closing price for the common stock on Nasdaq was $2.22 per share. The tender offer is being made as part of the up to $40 million share repurchase program previously authorized by the Company’s Board of Directors. The Company also announced preliminary unaudited financial results for the third quarter ended September 30, 2026.
“Following the close of our transaction with Trackonomy, we are delivering on our commitment to return capital to our stockholders,” said James Ousley, Chairman of the Board. “We believe this tender offer accelerates that return, while preserving flexibility for future capital returns and strategic acquisitions as we pursue our strategy of acquiring and growing compliance or specialized software businesses that can leverage Physical AI in highly regulated industries.”
Modified Dutch Auction Tender Offer
A modified “Dutch auction” self-tender allows stockholders to indicate how many shares and at what price within the range described above (in increments of $0.05 per share) they wish to tender their shares. Based on the number of shares tendered and the prices specified by the tendering stockholders, INVE Technologies will determine the lowest per share price within the range that will enable the Company to purchase $20 million in value of shares, or if a lesser value of shares is properly tendered, all shares that have been properly tendered and not properly withdrawn. INVE Technologies reserves the right, in its sole discretion, to change the per share purchase price range and to increase or decrease the aggregate value of shares sought in the tender offer, subject to applicable law. If shares having an aggregate purchase price of more than $20 million are properly tendered in the tender offer and not properly withdrawn, INVE Technologies reserves the right to accept for purchase pursuant to the tender offer up to an additional 2% of its outstanding shares without extending the expiration time for the tender offer. All shares accepted in the tender offer will be purchased at the same price, even if tendered at a lower price. Any shares tendered may be withdrawn prior to expiration of the tender offer. Stockholders that do not wish to participate in the tender offer do not need to take any action.
If the tender offer is fully subscribed, then shares of common stock having an aggregate purchase price of $20 million will be purchased, representing approximately 24.7 percent to 29.4 percent of INVE Technologies’ issued and outstanding shares as of October 19, 2026, depending on the purchase price payable for those shares pursuant to the tender offer.
INVE Technologies will use cash on hand to fund the repurchase of shares in the tender offer and to pay all related fees and expenses. The tender offer is not conditioned upon obtaining financing or any minimum number of shares being tendered; however, the tender offer is subject to a number of other terms and conditions, which are specified in the offer to purchase.
Specific instructions and a complete explanation of the terms and conditions of the tender offer will be contained in the offer to purchase, the related letter of transmittal and the other tender offer materials that will be mailed to registered stockholders shortly and that also can be accessed at the following website: www.dfking.com/INVE. Beneficial holders will receive the offer to purchase and a communication from their bank, broker or custodian.
INVE Technologies’ directors and executive officers have advised INVE Technologies that they do not intend to tender their shares in the tender offer.
While INVE Technologies’ Board of Directors has approved the making of the tender offer, none of INVE Technologies, its Board of Directors, the dealer manager, the depositary, or the information agent makes any recommendation to any stockholder as to whether to tender or refrain from tendering any shares or as to the price or prices at which stockholders may choose to tender their shares. INVE Technologies has not authorized any person to make any such recommendation. Stockholders must decide whether to tender their shares and, if so, how many shares to tender and at what price or prices. In doing so, stockholders should carefully evaluate all of the information in the offer to purchase, the related letter of transmittal, and the other tender offer materials before making any decision with respect to the tender offer, and should consult their financial and tax advisors.
Craig-Hallum Capital Group LLC is serving as the exclusive dealer manager for the tender offer. The information agent for the tender offer is D.F. King & Co., Inc., and the depositary is Equiniti Trust Company, LLC.
Preliminary Third Quarter 2026 Financial Results
Based on currently available information, INVE Technologies expects to report the following preliminary unaudited results for the third quarter ended September 30, 2026:
| Three Months Ended September 30, 2026 | ||||||||
| ($ in millions, except per share data) | Low | High | ||||||
| Revenue | $ | 2.9 | $ | 3.1 | ||||
| Gross Margin | 18 | % | 19 | % | ||||
| Net Income | $ | 0.4 | $ | 0.8 | ||||
| Net Income per Share | $ | 0.01 | $ | 0.02 | ||||
Additionally, the Company’s cash balance as of September 30, 2026, was $87.1 million. The preliminary financial results set forth above are based on management’s initial review of the Company’s results for the quarter ended September 30, 2026, and reflect the closing of the asset sale transaction with Trackonomy Systems, Inc. on September 15, 2026. These preliminary financial results are subject to revision based upon the completion of the Company’s quarter-end financial closing procedures and the review of its interim financial statements by its independent registered public accounting firm. The Company’s independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to these preliminary results and does not express an opinion or any other form of assurance with respect thereto. Actual results may differ materially from these preliminary estimates, and these estimates should not be viewed as a substitute for full interim financial statements prepared in accordance with U.S. generally accepted accounting principles. The Company expects to report its final complete results for the third quarter of 2026 on or about November 12, 2026.
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Certain Information Regarding the Tender Offer
The information in this press release describing the tender offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any shares of INVE Technologies, Inc.’s common stock. The tender offer is being made only pursuant to the offer to purchase and the related materials that INVE Technologies is filing with the Securities and Exchange Commission (the “SEC”), and will distribute to stockholders, as they may be amended or supplemented. Stockholders should read the offer to purchase, the related letter of transmittal, and the other tender offer materials carefully and in their entirety because they contain important information, including the terms and conditions of the tender offer. Stockholders of INVE Technologies may obtain a free copy of the Tender Offer Statement on Schedule TO, the offer to purchase, the related letter of transmittal and other tender offer documents that INVE Technologies is filing with the SEC, when available, from the SEC’s website at www.sec.gov. Stockholders also will be able to obtain a copy of these documents when available, without charge, from D.F. King & Co., Inc., the information agent for the tender offer, at www.dfking.com/INVE, or by calling D.F. King & Co., Inc. at (800) 515-4507 (toll free). Stockholders are urged to read these materials carefully prior to making any decision with respect to the tender offer. Stockholders who have questions or need assistance may contact the dealer manager for the tender offer, Craig-Hallum Capital Group LLC at (612) 334-6397 or CapMkts@craig-hallum.com, or D.F. King & Co., Inc. at INVE@dfking.com or the phone number above.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are those involving future events and future results that are based on current expectations as well as the current beliefs and assumptions of management and can be identified by words such as “anticipate,” “believe,” “continue,” “plan,” “will,” “intend,” “expect,” and similar references to the future. Any statement that is not a historical fact, including statements regarding the Company’s preliminary estimated financial results for the third quarter ended September 30, 2026; the terms, timing, size and completion of the tender offer, including the value of shares that the Company expects to purchase in the tender offer and whether the Company will actually consummate the tender offer; the Company’s beliefs regarding return of capital and creation of stockholder value; and the Company’s beliefs regarding its future capital needs, is a forward-looking statement. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the completion of the Company’s quarter-end financial closing procedures and any adjustments to its preliminary estimated financial results for the third quarter ended September 30, 2026; the impact of share price volatility on the tender offer; the risk that the tender offer will not be completed on the terms described in this press release (including the price range and number of shares that the Company may purchase pursuant to the tender offer), or at all; the risk that the conditions of the tender offer are not satisfied or waived; developments or changes in general economic or market conditions; developments or changes in the securities markets; developments or changes in the Company’s business, financial condition, or cash needs and uses; and the other factors discussed in the Company’s periodic reports, including its Annual Report on Form 10-K for the year ended December 31, 2025, as amended, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and subsequent reports it files with the SEC. Forward-looking statements are based on information available to the Company as of the date hereof, and the Company undertakes no obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
INVE Technologies Investor Relations Contact:
IR@invetechnologies.com
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