SPHERIX INCORPORATED (NASDAQ:SPEX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
| Entry into a Material Definitive Agreement. | |
| Item 3.01 |
Material Modification to Rights of Security Holders. |
As previously reported on a Current Report on Form 8-K/A filed on
October 21, 2013, effective January 1, 2013, Spherix Incorporated
(the Company) entered into a Rights Agreement (the Rights
Agreement) Equity Stock Transfer, LLC, as rights agent (the
Rights Agent). Effective July 15, 2016 and as reported on a
Current Report on Form 8-K filed on June 21, 2016, the Company
replaced Equity Stock Transfer, LLC with Transfer Online Inc as
Rights Agent.
On June 9, 2017, the Company and Transfer Online Inc. amended and
restated the Rights Agreement to extend the expiration date of
the rights contained therein from December 31, 2017 to December
31, 2020 (the AR Rights Agreement).
The foregoing description of the AR Rights Agreement does not
purport to be complete and is qualified in its entirety by
reference to such agreement, which is filed as Exhibit 4.1 hereto
and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit No. | Description | |
| 4.1 |
Amended and Restated Rights Agreement, dated as of June 9, 2017, by and between the Company and Transfer Online Inc. |
About SPHERIX INCORPORATED (NASDAQ:SPEX)
Spherix Incorporated is an intellectual property company that owns patented and unpatented intellectual property. The Company is a patent commercialization company focused on generating revenues from the monetization of intellectual property. The Company acquires intellectual property from patent holders in order to maximize the value of the patent holdings by conducting and managing a licensing campaign. Its activities generally include the acquisition and development of patents through internal or external research and development. In addition, it seeks to acquire existing rights to intellectual property through the acquisition of already issued patents and pending patent applications. Its patent portfolio includes both the United States and foreign patents and pending patent applications in the wireless communications and telecommunication sectors, including data, optical and voice technology, antenna technology, wireless fidelity (Wi-Fi), base station functionality, and cellular.
