Innventure Sued Over 55% Stock Drop Tied to DarkNX Data Center Deal
New York City – September 10, 2026 -- Innventure, Inc. (NASDAQ:INV) faces a securities fraud class action after its stock collapsed 55% on August 14, 2026, following disclosures that its subsidiary Accelsius had pulled a marquee data center project from its bookings.
Innventure allegedly overstated the viability of Accelsius' DarkNX cooling contract
Law firm Bleichmar Fonti & Auld LLP filed the complaint in the U.S. District Court for the Southern District of New York, captioned Labed v. Innventure, Inc. et al., No. 26-cv-07377. The suit alleges Innventure and senior executives misrepresented an agreement between Accelsius and DarkNX to deploy NeuCool direct-to-chip liquid cooling technology across a proposed 300MW AI data center campus in Ontario, Canada. Innventure had cited the deal to project Accelsius reaching cash flow positivity by year-end 2026 and to support revenue growth forecasts.