The litigation centers on claims that Innventure misled the public about an agreement between its subsidiary, Accelsius, and DarkNX. Innventure had previously touted the partnership as a landmark 300MW direct-to-chip cooling deployment in Ontario, Canada, repeatedly assuring investors that the project was moving forward with deliveries scheduled for 2026.
In section Releases
Innventure Faces Class Action Lawsuit After DarkNX Project Collapse
A 74 percent plunge in share price has triggered a securities fraud investigation into Innventure, Inc. following the abrupt removal of the DarkNX project from the company’s 2026 forecast. Shareholders are now seeking legal recourse, alleging that management misled investors regarding the reality of a massive data center cooling deal.
Skepticism first emerged on May 28, 2026, when Morpheus Research published a report characterizing the deal as a "fake" arrangement, citing former employees who claimed they had never heard of DarkNX. The company’s narrative collapsed on August 13, 2026, when executives admitted that the site identified for the project was no longer available, leading to the suspension of all revenue and cash flow guidance. Hagens Berman partner Reed Kathrein stated the firm is now investigating whether Innventure executives intentionally or recklessly deceived shareholders throughout the November 2025 to August 2026 class period.
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