Investors Target Innventure Over Alleged AI Data Center Fabrication

The legal action centers on the company’s November 2025 announcement regarding a deal between its subsidiary, Accelsius, and a firm called DarkNX. Innventure touted the project as a massive 300MW cooling deployment in Ontario, Canada. However, a May 2026 report by Morpheus Research challenged the existence of the deal, citing former employees who claimed DarkNX lacked both funding and customers. The report characterized Innventure’s financial projections as pure fiction.

Following these revelations, shares of the company experienced significant volatility. The stock price dropped 8.42% on May 28, 2026, the day the report surfaced. Subsequent financial disclosures in August 2026 revealed a net loss of $34.9 million and the suspension of previously issued revenue targets for Accelsius. This second blow triggered a 55.1% collapse in share price, leaving the stock at $1.62. Investors affected by these developments are encouraged to reach out to Danielle Peyton at Pomerantz LLP for details on the recovery process.