Identiv Announces Asset Purchase Agreement with Security Solutions Provider Vitaprotech for $145 Million
Identiv, Inc. (INVE)
Last identiv, inc. earnings: 3/12 04:05 pm
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Source: Business Wire
Appoints Kirsten Newquist as President to lead Identiv’s IoT Solutions BusinessProceeds from Transaction Intended to Fund Future Growth and Value Creation of Identiv’s IoT Solutions BusinessCombination of Identiv’s Security Businesses with European Security Solutions Leader Vitaprotech to Create Global High Security LeaderTransaction Expected to Close in Q3 FY 2024, Subject to Approvals FREMONT, Calif.--(BUSINESS WIRE)--Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to Vitaprotech, a security solutions provider. The proceeds from the sale will significantly strengthen Identiv’s financial position, generating capital to fund future organic and inorganic growth of its specialty IoT solutions business.Under the terms of the agreement, Identiv will receive a cash payment of $145 m
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News
- Identiv Sets First Quarter 2024 Earnings Call for Wednesday, May 8, 2024 at 5:00 PM EDTBusiness Wire
- Identiv Welcomes Kirsten Newquist as President, IoT Solutions [Yahoo! Finance]Yahoo! Finance
- Identiv Welcomes Kirsten Newquist as President, IoT SolutionsBusiness Wire
- Identiv, Inc. (NASDAQ: INVE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Insider Traders Lose US$30k As Identiv Drops [Yahoo! Finance]Yahoo! Finance
INVE
Earnings
- 3/12/24 - Miss
INVE
Sec Filings
- 5/1/24 - Form 4
- 4/30/24 - Form PREM14A
- 4/29/24 - Form 10-K/A
- INVE's page on the SEC website