(Update1) Finjan raises $15.3M in preferred stock for possible patent acquisitions and share buybacks

Finjan Holdings Inc. (FNJN), the cybersecurity licensing company run by CEO Phil Hartstein, said it secured a $15.3 million Series A-1 preferred stock financing in a private placement transaction led by Soryn HLDR Vehicle II LLC. The East Palo Alto-based company said in a filing with the Securities and Exchange Commission it plans to use [...]

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

VirnetX details revenue payment schedule with Japan’s Public Intelligence Technology Associates

VirnetX Holding Corp. (VHC), the patent licensing company that received a $20 million investment from Japan's Public Intelligence Technology Associates (PICA), agreed to make quarterly payments to the Japanese private equity consortium representing a percentage of revenue sold in Japan by VirnetX's Japanese subsidiary. In a filing with the Securities and Exchange Commission, VirnetX said under [...]

Japanese PE consortium invests $20M in VirnetX to help it expand sales of internet security technology in Japan

VirnetX Holding Corp. (VHC), the Internet security software and technology licensing company run by CEO Kendall Larsen, said it received a $20 million investment from a private equity consortium of Japanese companies to allow it to expand sales of its Gabriel suite of internet security products in Japan. The influx of capital also will aide [...]

By | June 1st, 2017|Asia, Financing, Patent Investing, Product|0 Comments

Shares of Marathon plunge 13% as it asks shareholders to ok reverse split and share issuance at up to 25% discount

Shares of Marathon Patent Group (MARA), the patent licensing company run by CEO Doug Croxall, fell another 13% today after the company asked shareholders to approve one or more non-public offerings of stock at significant discounts. The  Los Angeles -based company announced the proposed reverse split and discounted public offerings today in filings with the [...]

By | May 31st, 2017|Financing, Patent Investing|0 Comments

Spherix, down to its last $210K, files to raise $3M for working capital, corporate purposes

Spherix Inc. (SPEX), the patent monetization company that turned over management its enforcement campaigns to Dean Becker’s Equitable IP Holdings Corp., has filed with the Securities and Exchange Commission to raise about $3 million by selling 3 million shares of common stock to be used for working capital and general corporate purposes. Shares of Spherix [...]

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

Acacia says its up to $50M investment in Veritone has converted into stock worth more than $53.6M

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio III, said it has more than made good on its pledge to invest up to $50 million in Veritone Inc. (VERI), the artificial intelligence firm upon whose board Acacia’s chairman also sits. Newport Beach California-based Acacia said in a filing with [...]

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

Financier Jeff Feinberg sold 419,482 Marathon Patent Group as shares repeatedly tested new lows

Financier Jeff Feinberg, who had been the largest shareholder of Marathon Patent Group Inc. (MARA) since acquiring shares in a private placement last fall, sold a chunk of stock in early April and has been buying ever since as the stock has plunged and set new 52-week lows. According to a Form 4 filing, between [...]

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

Marathon reaches agreement with Fortress setting Aug. 15 deadline to repay $15.8M in debt, suggesting licensing deals may be in the works

Marathon Patent Group Inc. (MARA), the patent monetization company run by CEO Doug Croxall, said it reached agreement with a unit of Fortress Investment Group that essentially gives it until Aug. 15 to repay $15.8 million in debt and reduce the percentage of future recoveries to which the Fortress unit is entitled. Los Angeles-based Marathon [...]

By | May 12th, 2017|Financing, Patent Investing|0 Comments

CVI Investments, a fund managed by Heights Capital Management, takes 5.5% stake in Marathon

CVI Investments, an investment fund managed by Heights Capital Management in San Francisco, acquired 1,266,667 shares or a 5.5% stake in Marathon Patent Group (MARA), the patent licensing company run by CEO Doug Croxall, during a recent financing that raised $2.66 million. This makes CVI Los Angeles-based Marathon’s third biggest shareholder behind Jeff Feinberg, who [...]

By | April 27th, 2017|Financing, Patent Investing|0 Comments

(Update2) Marathon shares plunge 22.8% after it raises $2.66M, far less than needed to avoid Nasdaq delisting

Marathon Patent Group Inc. (MARA), the patent licensing company run by CEO Doug Croxall, said it raised $2.66 million from a registered direct offering of common stock priced at 15.6% discount to the close on Monday, April 17. Los Angeles-based Marathon said it has entered into definitive agreements with investors for the purchase and sale [...]

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