The latest announcement is out from Identiv ( (INVE) ).
Identiv, Inc. finalized the sale of its security operations to Hawk Acquisition, Inc., receiving $144.2 million, marking a significant shift in its business structure. The sale included Identiv’s physical security, access card, and identity reader segments. Concurrently, management changes were made with the resignation of CEO Steven Humphreys and the appointment of Kirsten Newquist as the new CEO. Alongside these executive moves, equity awards were granted to key executives as per their employment agreements. The financial implications of the sale have been carefully detailed in unaudited pro forma condensed consolidated financial information, assuming the sale occurred at the beginning of the previous fiscal year, illustrating the company’s adjusted financial standing post-transaction.
For an in-depth examination of INVE stock, go to TipRanks’ Stock Analysis page.
