Marathon says filing of S-4 on Uniloc merger delayed by Uniloc’s unsuitable Luxembourg audited financial statements

Marathon Patent Group (MARA), the patent licensing company that is merging with Uniloc Luxembourg SA in a business combination worth about $91 million, said its plan to file an S-4 registration statement with the Securities and Exchange Commission about the merger has been delayed because Uniloc’s historical audited financial statements aren’t ready. “The filing of [...]

By | January 11th, 2016|Patent Investing|Comments Off on Marathon says filing of S-4 on Uniloc merger delayed by Uniloc’s unsuitable Luxembourg audited financial statements

VirnetX CEO Larsen’s, CFO Nance’s bonuses set at 75% of performance target

VirnetX Holding Corp. (VHC), the patent licensing company run by CEO Kendall Larsen, said its board compensation committee awarded Larsen and CFO Richard Nance 75% of their 2015 target bonus. Larsen was awarded a cash bonus of $206,342, which was 50% of his salary. Nance was awarded a cash bonus of $26,545, which also was [...]

By | January 11th, 2016|Patent Investing|Comments Off on VirnetX CEO Larsen’s, CFO Nance’s bonuses set at 75% of performance target

Inventergy amends pacts with Panasonic and Fortress, eliminates $17.3M in liabilities

Inventergy Global Inc. (INVT), the patent monetization company run by CEO Joseph Beyers, said it has reached agreements with Panasonic Corp. and Fortress Investment Group, which will eliminate $6 million in payments due at the end of the year and $17.3 million overall. Campbell, Calif.-based Inventergy said last month it expected Panasonic and Fortress would [...]

By | January 11th, 2016|Patent Investing|Comments Off on Inventergy amends pacts with Panasonic and Fortress, eliminates $17.3M in liabilities