Innventure, Inc. (NASDAQ: INV) faces a pending securities class action on behalf of investors who purchased securities between November 17, 2025, and August 13, 2026, with a lead plaintiff deadline of October 27, 2026. Levi & Korsinsky, LLP joined other plaintiff firms on September 2, 2026, in alerting shareholders to claims that the company misrepresented the viability of Accelsius’s DarkNX arrangement to deploy NeuCool technology across a 300MW AI data center campus and the 2026 revenue and cash-flow targets built on that deal. The complaint alleges Accelsius had only about $1.5 million in 2025 revenue, mainly from demonstration units, yet management told the market it had a path to a $100 million annualized revenue run rate and would be cash-flow positive by year-end 2026, using projections a former executive described as pure fiction tied to a counterparty whose funding was never substantiated. After the DarkNX announcement, Accelsius raised $65 million in a Series B at a $665 million post-money valuation, and one analyst estimated the Accelsius stake represented roughly 77% of Innventure’s approximately $540 million valuation. On August 13, 2026, Innventure reported a second-quarter net loss of $34.9 million and an adjusted EBITDA loss of $22.6 million, suspended the Accelsius 2026 targets, and removed the project from internal bookings after the deployment site became unavailable, sending shares down $1.98, or about 55%, on August 14 after an earlier 8.42% drop following a May 28 Morpheus Research report.