On October 21, 2026, INVE Technologies, Inc. announced the commencement of a modified Dutch auction tender offer to purchase up to $20 million of its common stock. The company simultaneously released preliminary unaudited financial results for the third quarter ended September 30, 2026.
Tender Offer Details
INVE Technologies is offering to purchase shares at a price ranging from $2.85 to $3.40 per share in cash. The tender offer began on October 21, 2026, and is set to 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 forms part of a previously authorized share repurchase program of up to $40 million approved by the company's Board of Directors. Craig-Hallum Capital Group LLC is serving as the exclusive dealer manager for the transaction.
Preliminary Financial Results
For the third quarter ended September 30, 2026, INVE Technologies expects to report revenue between $2.9 million and $3.1 million, with a gross margin of 18% to 19%. Net income is projected between $0.4 million and $0.8 million, or $0.01 to $0.02 per share.
The company reported a cash balance of $87.1 million as of September 30, 2026, following the closing of its transaction with Trackonomy Systems, Inc. on September 15, 2026. INVE Technologies expects to report its final complete results for the third quarter of 2026 on or about November 12, 2026.
Key facts and where they come from
- INVE Technologies started a modified Dutch auction self-tender offer to buy up to $20 million of its common stock.
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
- The tender offer price ranges from $2.85 to $3.40 per share in cash.
at a price not greater than $3.40 per share nor less than $2.85 per share, net to the seller in cash
- The tender offer is scheduled to expire on November 19, 2026.
will expire at 5:00 p.m., New York City time, on Thursday, November 19, 2026, unless extended or terminated.