Real-time funding, M&A, exec moves & hiring — the signals that move deals
More real-time opportunities that match your ICP — every funding, M&A, and exec move the moment it breaks, with the verified contacts to reach out first.
Funding, M&A, exec moves & hiring — every signal Fundz sees, the moment it happens. See who’s in your market, who to reach, and why now.
Identiv, Inc.
AI Executive Summary
AI-powered analysis of 8-K filing content
Identiv, Inc. agreed to sell its specialty Internet of Things business to Trackonomy Systems, Inc. for $75 million ($50 million in Series C Preferred Stock plus $25 million in cash), allowing the company to refocus its capital allocation and strategic priorities.
Key Takeaways
Identiv is divesting its specialty IoT business segment to Trackonomy Systems for total consideration of $75 million
The transaction includes $50 million in Series C Preferred Stock valued at $20.07 per share and $25 million in cash
2 more takeaways