Major Investor Group, Including Director, Sells $162.5M in Secondary Offering
INVX has more than doubled off its 52-week low of $11.93.
Summary
A group of selling stockholders, including entities managed by Director Jason Turowsky, completed the sale of 6.61 million shares for $162.5 million, significantly reducing their collective stake in Innovex International.
Key Events · Ownership and Investor Activity · INVX
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Secondary Offering Details
Selling stockholders, including Amberjack Capital Fund II and Innovex Co-Invest Fund II, sold a total of 6,612,500 shares of common stock, including the full exercise of the underwriters' option.
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Significant Proceeds
The sale generated approximately $162.5 million in proceeds for the selling stockholders, at a net price of $24.59125 per share.
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Reduced Stake
The transaction represents a substantial reduction of approximately 22.5% of the selling stockholders' collective holdings, with their combined beneficial ownership now at 33.2% of outstanding shares.
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Lock-up Agreement
The selling stockholders have entered into a 45-day lock-up agreement, restricting further sales without underwriter consent.
Analysis · INVX · Energy & Transportation
This Schedule 13D/A provides the detailed breakdown of the secondary offering previously announced on February 25, 2026, and completed on February 27, 2026. The selling stockholders, primarily investment funds affiliated with Amberjack Capital and Intervale Capital, collectively sold 6,612,500 shares at a net price of $24.59125 per share, totaling approximately $162.5 million. This represents a substantial reduction of about 22.5% of their prior holdings and nearly 9% of the company's market capitalization. The sale by a major institutional group, which includes a director, signals a significant reduction in their exposure to the company. Investors should note the updated beneficial ownership percentages for these key stakeholders.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 35.8% of the 1618 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, INVX was trading at $26.30 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $11.93 to $29.48. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.