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

Shares of Spherix plunge 25% after it prices offering, a month after acquisition sent shares soaring

Shares of Spherix Inc., which have more than doubled since it announced the acquisition of controlling stake in Hoth Therapeutics, plunged more than 25% after the patent licensing company revealed the pricing for a $2.5 million public offering. Spherix shares fell 68 cents or 25.47% to $1.99 in trading. The shares previously surged from $1.12 [...]

By | July 19th, 2017|Financing, Patent Investing|0 Comments

Marathon agrees to swap warrants with strings for shares to gain flexibility as it restructures debt

Marathon Patent Group Inc. (MARA), the patent licensing company run by CEO Doug Croxall, said it entered into exchange agreements with the purchasers of stock issued in April, which will give the company greater flexibility to refinance debt it owes to a unit of Fortress Investment Group. Los Angeles-based Marathon said in a July 18 [...]

By | July 19th, 2017|Financing, Patent Investing|0 Comments

VirnetX says $20M investment from Japan’s PICA has been postponed indefinitely

VirnetX Holding Corp. (VHC), the patent licensing company run by CEO Kendall Larsen, said the month-long delay in the $20 million investment from Japan’s Public Intelligence Technology Associate has been postponed indefinitely because of unfinished due diligence by investors in the Japanese private equity firm. Zephyr Cove, Nevada-based VirnetX said June 1 that PICA had [...]

By | July 17th, 2017|Asia, Financing, Patent Investing|0 Comments

Acacia makes second investment in artificial intelligence business, participating in $3.1M round for Miso Robotics

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio III, said it participated in a $3.1 million round of funding for Miso Robotics, a robotics and artificial intelligence solutions company. Newport Beach, California-based Acacia didn’t say how much it invested in Miso Robotics. The investment in Miso Robotics is Acacia’s [...]

By | July 10th, 2017|Financing, Patent Investing|0 Comments

Marathon, Spherix seen as primed for capital raises after recent run-ups in their share prices

Marathon Patent Group (MARA), the patent licensing company run by CEO Doug Croxall, and Spherix Inc. (SPEX), the patent licensing company run by CEO Anthony Hayes, probably should consider raising capital after their shares soared over the past week and a half. Shares of Marathon more than tripled to 50.9 cents on Monday, June 26 [...]

By | June 28th, 2017|Financing, Patent Investing|0 Comments

VirnetX says ‘unforeseen circumstances’ led to one month delay in PICA’s $20M investment

VirnetX Holding Corp. (VHC), the patent licensing company that announced $20 million investment from Japan’s Public Intelligence Technology Associates (PICA) earlier this month, said the closing date of the the investment has been extend for a month due to "unforeseen circumstances." The Zephyr Cove, Nevada-based company made the disclosure in a filing with the Securities [...]