Wed, Oct. 19, 12:44 PM
Tue, Oct. 18, 12:53 PM
Tue, Oct. 18, 10:31 AM
- Thinly traded nano cap Spherix (SPEX +22.8%) jumps on more than a 23x surge in volume in response to its announcement that it now has more patent infringement lawsuits on file than at any time in the past four years, including ten new cases filed in the past six months against some deep-pocketed defendants. More lawsuits will be filed by year end.
- Spherix's business model is centered on monetizing intellectual property via partnerships, licensing and enforcement.
Tue, Aug. 9, 9:19 AM
Wed, Aug. 3, 12:48 PM
Thu, May 26, 12:45 PM
Wed, May 25, 12:50 PM
Wed, May 25, 9:20 AM
Tue, May 24, 2:54 PM
- Under a second licensing deal with IP risk-management services firm RPX (RPXC), Spherix (SPEX +79.1%) "receives a cash payment and return of all of the Series H preferred stock of Spherix presently held by RPX, representing the entire class of Series H shares outstanding." In return, Spherix is granting RPX a patent portfolio license RPX can sub-license to its clients.
- With the company having a market cap of less than $6M going into today, Spherix has blasted off on the news.
Tue, May 24, 12:50 PM
Tue, May 24, 9:14 AM
Tue, Mar. 15, 2:42 PM
- Spherix (SPEX -2.7%) has expanded its agreement with IP enforcement/monetization fund Equitable to cover the monetization of certain Nortel and North South patent assets. Spherix previously struck a deal with Equitable to monetize its CompuFill patent portfolio.
- Spherix CEO Anthony Hayes: "By commencing their work and legal initiatives before May 1, 2016, Equitable will be the beneficiary of a measured yet robust incentive arrangement. Of the 10 new suits that we expect to file, at least seven must apply to the Nortel patents, while two must be against licensees that have public market capitalizations in excess of $1 billion."
- Last week: Spherix up strongly after shareholder letter
Thu, Mar. 10, 12:48 PM
Mon, Mar. 7, 12:15 PM
- "Our goal is to drive long-term shareholder value through partnerships that will initiate litigation across numerous technology sectors, including: routers, switching, networking, optical, and internet service," says Spherix (SPEX +21.4%) CEO Anthony Hayes in a letter, trying to drum up shareholder support. "Multiple litigations, against multiple licensees, in multiple technology fields will help to optimize potential revenue generation."
- He asserts Spherix can now pursue its strategy, after having recently satisfied preferred stock payment obligations and seen the termination of security interests on its assets. "Prior to the end of 2015, we did not have the right to leverage our portfolio in such a manner."
- Hayes adds licensing talks continue with IP risk-management services firm RPX, and that his company hopes to reach a deal. "By agreement, these discussions can continue until May 23rd of this year. If an agreement is not reached by May 23rd, then the agreed "stay" on litigation expires and the number of potential licensees to our portfolio increases significantly."
- The letter comes after Spherix carried out a 1:19 reverse split on Friday.
Mon, Feb. 29, 10:05 AM
- Spherix (SPEX -3.9%) shareholders have approved a reverse split with a ratio between 1:12 and 1:24. The board retains the discretion to go ahead with a reverse split.
- A reverse split would allow Spherix to remain compliant with the Nasdaq's $1.00 minimum bid rule. Shares are currently at $0.09.
Dec. 2, 2015, 9:52 AM
- Spherix (NASDAQ:SPEX) is raising $4M by selling 20M Class A units consisting of one share, a warrant (exercisable for 6 months) to buy one share at a price equal to the unit offering price, and a warrant (exercisable for 5 years) to buy 0.8 shares at a price equal to 125% of the unit offering price.
- Spherix is also issuing Class B units to those investors whose purchase of A units would lead them to own more than a 4.99% stake in the company following the offering. Each B unit consists of one Class K convertible preferred share, which in turn is convertible into common stock at the A unit offering price.
- Shares have plunged below $0.19; the 52-week low is $0.17. Ahead of today's announcement, Spherix tried to drum up investor enthusiasm by issuing a PR detailing potential licensing opportunities.