ParkerVision gets $500,000 from Aspire Capital, commitment to purchase up to another $19.5M

ParkerVision Inc. (PRKR) the patent licensing company run by CEO Jeffrey Parker, said it received $500,000 in proceeds from a private placement of stock issued to Aspire Capital Fund LLC and a commitment to purchase up to another $19.5 million in shares. Jacksonville, Florida-based ParkerVision said it issued 312,500 shares of common stock at $1.60 [...]

By | October 18th, 2017|Financing, Patent Investing|0 Comments

Marathon names Merrick Okamoto as its new chairman as CEO Croxall is set to depart Oct. 31

Marathon Patent Group Inc. (MARA), the patent licensing company that agreed to turn over three patent portfolios to a unit of Fortress Investment Group to repay $16 million in debt, said it named Merrick Okamoto its new chairman replacing Chairman and CEO Doug Croxall who is leaving at the end of October. Okamoto, who had [...]

By | October 2nd, 2017|exec changes, Financing, Patent Investing|0 Comments

(Update1) Acacia-backed Veritone sees its patents and other IP as potentially affecting its stock price

Veritone Inc. (VERI), the artificial intelligence company run by CEO Chad Steelberg, sees its patents, trademarks and trade secrets as potential risks that could affect its profitability and stock price. The Newport Beach, California-based company, which counts Acacia Research Corp. (ACTG) as a shareholder, said in a recent securities filing that it as of June [...]

By | September 25th, 2017|Financing, Patent Investing|0 Comments

Marathon to part ways with CEO Doug Croxall, faces fraud suit from financier Jeff Feinberg

Marathon Patent Group Inc. (MARA), the patent licensing company that turned over three patent portfolios to a unit of Fortress Investment Group to repay $16 million in debt, is facing new challenges as it parts ways with Chairman and CEO Doug Croxall and also defends against a securities fraud lawsuit filed in Los Angeles Superior [...]

By | August 31st, 2017|Financing, litigation, Patent Investing|0 Comments

Marathon urges shareholders to re-elect CEO Croxall and approve Fortress debt repayment deal at upcoming annual meeting

Doug Croxall, CEO of Marathon Patent Group Inc. (MARA), the patent licensing company that agreed to exchange three patent portfolios for the extinguishment of $16 million in debt owed to a unit of Fortress Investment Group, will be up for re-election to the board at this year’s upcoming annual meeting. Los Angeles-based Marathon is holding [...]

By | August 24th, 2017|Financing, Patent Investing|0 Comments

Inventergy directors who provided $100K in financing may get a share of recoveries from Fortress’ INVT SPE

Inventergy Global Inc. (INVT), the patent licensing company run by CEO Joseph Beyers, said directors who participated in a recent $100,000 financing will be entitled to a share of any recoveries by INVT SPE, the special purpose entity operated by Fortress Investment Group. INVT SPE LLC, which has filed patent enforcement actions against Apple and [...]

By | August 21st, 2017|Financing, Patent Investing|0 Comments

Fortress is hoping to succeed in patent monetization where the NPEs it’s foreclosed upon have failed

2017 may go down in U.S. intellectual property market history as the year in which Fortress Investment Group (FIG) officially and grudgingly became a patent monetizer, often referred to as a non-practicing entity (NPE) and scurrilously as a so-called patent troll. That’s because the New York-based private equity firm, whose intellectual property investing unit has [...]

By | August 18th, 2017|Financing, Patent Investing, Patent Trolling, PTAB|0 Comments

Marathon Patent Group to raise up to $5.5M in offering of convertible notes and warrants

Marathon Patent Group Inc. (MARA), the patent licensing company that transferred three patent portfolios to a special purpose vehicle owned by a unit of Fortress Investment Group to pay back $16 million in debt, said it has entered into an agreement with investors to raise between $3.5 million and $5.5 million, of convertible debt financing [...]

By | August 15th, 2017|Financing, Patent Investing|0 Comments

Marathon ends employment of rainmaker Spangenberg, begins turning over assets to Fortress

Marathon Patent Group Inc. (MARA), the patent monetization company run by CEO Doug Croxall, has ended the employment of its principal rainmaker Erich Spangenberg, the founder of IP Navigation Group, and begun the process of turning over its patent assets to a unit of Fortress Investment Group. The Los Angeles-based company said that on August 3 [...]

Shareholders authorize Marathon to complete reverse split and non-public offerings at steep discount

Shares of Marathon Patent Group fell as much as 6% a day after shareholders approved a raft of proposals that will allow the patent licensing company to complete a reverse stock split and raise money in one or more non-public offerings at steep discounts to the stock price. The shares were down 1.9% or 0.0056 [...]

By | July 20th, 2017|Financing, Patent Investing|0 Comments