Novelty Capital attempts to revive Prism Technologies with $600,000 in debt financing with warrants
Novelty Capital LLC, the investment manager run by Jonathan Skeels, provided $600,000 in financing to Prism Technologies Group, the patent licensing company run by CEO Hussein A. Enan, to be used for working capital and patent acquisitions. The investment manager received a promissory note and warrants to purchase 2,004,663 common to Prism. The note pays [...]
By thepatentinvestor| 2018-08-17T16:54:17-07:00	August 17th, 2018|Financing, Patent Investing|0 Comments
Shares of ParkerVision plunge as investors confront need for additional capital to cover debt owed to Brickell Key
Shares of ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeffrey Parker, fell 33% or 19 cents to 38.85 cents a share today and another 28.7% or 11 cents to 27.3 cents in after-hours trading following the company's issuance of stock in a private investment in public equity to Aspire Capital Partners and [...]
By thepatentinvestor| 2018-08-15T17:28:30-07:00	August 15th, 2018|earnings, Financing, Patent Investing|0 Comments
VirnetX files new shelf to replace expiring one and provide ability to raise up to $100m
VirnetX Holding Corp. (VHC), the technology and patent licensing company run by CEO Kendall Larsen, said it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission to replace one that expires on September 2. Zephyr Cove, Nevada-based VirnetX said that as of July 17, it has raised about $40 [...]
By thepatentinvestor| 2018-07-30T15:54:46-07:00	July 30th, 2018|Financing, Patent Investing|0 Comments
Aspire Capital agrees to invest $2M in ParkerVision to expand Milo Wifi product sales
ParkerVision Corp., the patent licensing company run by CEO Jeffrey Parker, said it has entered into a $2 million securities purchase agreement with Aspire Capital Fund LLC, the hedge fund firm run by Steven Martin. The Jacksonville, Florida company said under the July 26, 2018 agreement it has received $975,000 and expects to receive the [...]
(Update4) 'Ethical' NPE iPEL touts $100M in funding firepower but offers little that is new in patent licensing
iPEL Inc., the new patent monetization company run by CEO Brian Yates, said it has raised $100 million in initial capital in May 2017 and over its first year acquired more than 1,000 distinct patent families to enforce against infringers. Pasadena, California-based iPEL touts itself as an "ethical non-practicing entity" or NPE, a phrase it [...]
By thepatentinvestor| 2018-07-07T08:02:11-07:00	July 6th, 2018|Asia, China, Financing, NPE, Patent Investing, Patent Trolling|0 Comments
(Update3) Fortress and Uniloc have been quietly working together on patents since 2014
Fortress Investment Group, whose IP investing group is run by Eran Zur, has been quietly working with Uniloc Luxembourg SA and Uniloc USA on at least 10 enforcement actions since the two companies signed a revenue sharing and note and warrant purchase agreement on December 30, 2014. The business relationship was first revealed in filing [...]
By thepatentinvestor| 2018-06-21T15:24:37-07:00	June 21st, 2018|Financing, litigation, NPE, Patent Investing|0 Comments
(Update1) Shares of Acacia-backed Veritone plunge 16% after it prices $30.6M public offering
Veritone Inc. (VERI), the radio advertising platform with artificial intelligence features that is backed by Acacia Research Corp. (ACTG), said it plans to raise $30.6 million from an underwritten public offering. of 1.7 million shares priced at $18. Shares of Veritone plunged 15.9% or $3.45 cents to $18.15 in late morning trading following the announcement [...]
By thepatentinvestor| 2018-06-21T07:57:43-07:00	June 21st, 2018|Financing, Patent Investing|0 Comments
Veritone may raise $50M in equity distribution managed by JMP Securities
Veritone Inc. (VERI), the radio broadcast advertising platform with artificial intelligence features that is partially owned by Acacia Research Corp. (ACTG), said it plans to raise up to $50 million issuing comm0n stock distributed by JMP Securities LLC. "We have entered into an Equity Distribution Agreement, or Distribution Agreement, with JMP Securities LLC, or JMP [...]
By thepatentinvestor| 2018-06-18T15:56:48-07:00	June 18th, 2018|Financing, Patent Investing|0 Comments
VirnetX says it raised $7.03M in ATM facility between Jan. 1 and March 14
VirnetX Holding Corp. (VHC), the patent licensing company fighting to secure a $439.7 million infringement verdict against Apple Inc. (APPL), said it raised about $7.03 million from selling shares under a $35 million at the market offering facility. The Zephyr Cove, Nevada-based company said the sales arranged by Cowen & Co. were made between Jan. [...]
By thepatentinvestor| 2018-03-19T10:12:51-07:00	March 19th, 2018|earnings, Federal Circuit, Financing, Patent Investing|0 Comments
DSS creates special purpose entity controlled by Fortress after second default on $4.5M in advances
Document Security Systems Inc. (DSS), the patent licensing company run by Jeff Ronaldi, said it created a special purpose entity to be controlled by Fortress Credit Co. LLC and other investors as the sole recourse to a second default that occurred on Feb. 13, 2018. The creation of the entity was disclosed in a filing [...]
By thepatentinvestor| 2018-02-17T05:19:11-08:00	February 17th, 2018|Financing, Patent Investing|0 Comments