Innventure Faces Class Action Over Alleged Fabricated AI Data Center Deal

The complaint filed by Robbins LLP alleges that Innventure fabricated a partnership with DarkNX, a purported digital infrastructure firm, to build a 300MW AI data center in Ontario, Canada. While Innventure touted the deal as a milestone for its Accelsius subsidiary, the lawsuit claims no evidence existed to support the project’s construction. Investors were left exposed when allegations surfaced that the venture was non-existent and revenue projections were based on fiction.

Market skepticism intensified on May 28, 2026, when a Morpheus Research report labeled the DarkNX project a fabrication, citing former employees who claimed they had never heard of the partner entity. Innventure’s stock dropped 8.42% following the release. The situation worsened on August 13, 2026, when the company reported a $34.9 million quarterly loss and admitted that the DarkNX project site was no longer available. Shares plummeted 55% the following day, closing at $1.62. Shareholders seeking to participate in the litigation may contact Robbins LLP to address potential recovery for losses incurred during the class period.