INVE: Incorrect Shares Outstanding
Yahoo,
I noticed that you are using 14.25M shares outstanding for Identiv (INVE). While this is correct as of the last publicly available 10-Q, the company has since acquired a company called 3VR, and it issued shares as part of the consideration to acquire 3VR.
Per the 8-K filed on Feb. 15th, which can be found here:
https://www.sec.gov/Archives/edgar/data/1036044/000119312518047261/d541167d8k.htm
"Pursuant to the terms of the Merger Agreement described in Item 2.01 above, on February 14, 2018, Identiv became obligated to issue 904,807 shares"
As a result, the new share count should be 15.1M shares, calculated as follows:
14,245,138 per 10-Q
+ 904,807 for acquisition
=15,149,945
Please correct the shares outstanding amount to reflect this updated 15.1M number.
Thank you.
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