Form 8-K
8-K — INVE Technologies, Inc.
Accession: 0001213900-26-111181
Filed: 2026-10-21
Period: 2026-10-21
CIK: 0001036044
SIC: 3577 (COMPUTER PERIPHERAL EQUIPMENT, NEC)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — ea0309119-8k_invetech.htm (Primary)
EX-99.1 — PRESS RELEASE DATED OCTOBER 21, 2026 ISSUED BY INVE TECHNOLOGIES, INC (ea030911901ex99-1.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): October
21, 2026
INVE Technologies, Inc.
(Exact name of Registrant as Specified in Its
Charter)
Delaware
000-29440
77-0444317
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
1900-B Carnegie Avenue Santa Ana, California
92705
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s
Telephone Number, Including Area Code: (657)
356-8384
(Former Name or Former Address, if Changed Since
Last Report)
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:
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title
of each class
Trading Symbol(s)
Name
of each exchange on which registered
Common Stock, $0.001 par value per share
INVE
The Nasdaq Stock Market LLC
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).
Emerging growth company ☐
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).
1
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
2
EX-99.1 — PRESS RELEASE DATED OCTOBER 21, 2026 ISSUED BY INVE TECHNOLOGIES, INC
EX-99.1
Filename: ea030911901ex99-1.htm · Sequence: 2
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.
2
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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