Pomerantz joined Schall in probing Identiv after its June 24, 2026 deal to sell IoT assets and a Thai subsidiary to Trackonomy included a $25 million cash contribution for $50 million in preferred equity.
Pomerantz LLP said it is investigating potential securities fraud or other unlawful business practices involving Identiv, Inc., adding to an earlier probe disclosed by the Schall Law Firm after the company’s June 24, 2026 transaction announcement triggered a sharp share-price decline. The scrutiny centers on whether Identiv and certain officers and directors made false or misleading statements or omitted information material to investors. Identiv said it had agreed to sell its Internet of Things, or IoT (connected-device technology), assets and its Thai subsidiary to Trackonomy Systems, Inc., while contributing $25 million in cash in exchange for $50 million in Trackonomy preferred equity (shares with priority over common stock). Identiv’s stock fell $1.19, or 32.25%, to close at $2.50 on June 25, 2026.