Immersion needs new CEO to run aggressive enforcement campaigns against Apple and others

Immersion Corp. (IMMR), the haptic or sense of touch technology and patent licensing company that is pursuing aggressive enforcement actions against Apple Inc. (AAPL) and other large technology companies, needs to find a new CEO and probably needs to raise new capital if it’s to have the wherewithal to withstand Apple’s withering IPR attack on [...]

By | December 12th, 2017|exec changes, Financing, litigation, Patent Investing|0 Comments

Marathon Patent Group raise $5M in registered direct offering after 4-for-1 stock swap

Marathon Patent Group Inc. (MARA), the IP licensing and management company that is reverse merging with Global Bit Ventures, a crypto currency data mining company, said it raised $5 million from a registered direct offering of one million shares of common stock to be used for working capital and general corporate purposes. Los Angeles-based Marathon, [...]

By | December 11th, 2017|Financing, Patent Investing|0 Comments

Acacia Research says its investment in Miso Robotics in June totaled $2.25M

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio III, said it invested $2.25 million in Miso Robotics, a robotics and artificial intelligence startup. Newport Beach, California-based Acacia revealed the amount of the investment in a quarterly filing with the Securities and Exchange Commission. It previously announced in June [...]

By | November 8th, 2017|Financing, Patent Investing|0 Comments

Provenance Asset Group CEO McCurdy expects $150M a year in revenue by the end of first decade

Provenance Asset Group LLC, the new patent licensing firm run by CEO Dan McCurdy, is aiming for an underserved niche in the defensive patent aggregation market capable of producing revenue of $150 million to $200 million a year by the end of its first decade. McCurdy describes Provenance’s business model providing exclusive licenses to patent [...]

By | November 3rd, 2017|Financing, litigation, Patent Investing|0 Comments

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