Identiv Sells IoT Assets and Rebrands as INVE Technologies to Focus on Physical AI

Key Facts

1Identiv completed the sale of its IoT assets to Trackonomy Systems.

2The company officially changed its name to INVE Technologies, Inc. and will focus on Physical AI SaaS.

3James Greenwell was appointed as interim CEO effective September 21, 2026.

In a move reflecting a strategic shift toward software-driven business models, Identiv has finalized the sale of its Internet of Things (IoT) assets to Trackonomy Systems. Following this divestiture, the company officially rebranded as INVE Technologies, Inc., signaling a pivot toward Physical AI SaaS solutions. To lead this transition, James Greenwell has been appointed as the interim CEO, effective September 21, 2026.

Per market data, the company's stock, trading under the ticker INVE, closed at $2.60 as of September 14, 2026, with a daily trading range between $2.57 and $2.62. This corporate restructuring follows the completed exit from legacy IoT operations in favor of Trackonomy, as the firm seeks to reposition itself within high-growth technology sectors. These executive and branding changes are standard execution steps in the company's broader micro-cap restructuring plan.

Traders should watch for price stability around the $2.57 support level, the low reached at the September 14, 2026 close, as the new leadership takes effect. While the upcoming economic calendar shows no direct catalysts for the stock, the market will be monitoring the execution of the Physical AI strategy and the impact of the interim management transition following the asset sale.