INVE Technologies, Inc. (NASDAQ: INVE) has announced the commencement of a modified Dutch auction self-tender offer to purchase for cash up to $20 million in value of its common stock. The offer is scheduled to commence on October 21, 2026, and will expire at 5:00 p.m., New York City time, on Thursday, November 19, 2026, unless extended or terminated.
Under the terms of the offer, INVE Technologies will purchase shares at a price not greater than $3.40 per share nor less than $2.85 per share, net to the seller in cash, less any applicable withholding and, in certain limited circumstances, transfer taxes. The share price is determined based on the number of shares tendered and the prices specified by stockholders, with increments of $0.05 per share. The company reserves the right to change the price range and the aggregate value of shares sought, subject to applicable law.
The tender offer is part of a previously authorized share repurchase program of up to $40 million. If shares with an aggregate purchase price of more than $20 million are properly tendered, INVE Technologies reserves the right to accept for purchase up to an additional 2% of its outstanding shares without extending the expiration time. The company will use cash on hand to fund the repurchase. As of October 19, 2026, shares purchased at the maximum price would represent approximately 29.4% of the company's issued and outstanding shares, while shares purchased at the minimum price would represent approximately 24.7%.
INVE Technologies also disclosed preliminary unaudited financial results for the third quarter ended September 30, 2026. The company expects revenue between $2.9 million and $3.1 million, with a gross margin of 18% to 19%. Net income is expected to be between $0.4 million and $0.8 million, with earnings per share between $0.01 and $0.02. These preliminary results reflect the closing of an asset sale transaction with Trackonomy Systems, Inc. on September 15, 2026. The company’s cash balance as of September 30, 2026, was $87.1 million. INVE Technologies expects to report final results for the third quarter on or about November 12, 2026.
