MARATHON PATENT GROUP,INC. (NASDAQ:MARA) Files An 8-K Other Events

ME Staff 8-k
-
0

MARATHON PATENT GROUP,INC. (NASDAQ:MARA) Files An 8-K Other Events
Item 8.01 Other Events.

On January 27, 2017, Marathon Patent Group, Inc. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with Northland Securities, Inc., as agent (“Northland”), to which the Company may offer and sell, from time to time through Northland, up to 750,000 shares (the “Shares”) of the Company’s common stock in an “at the market offering” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended.

As of January 31, 2017, the Company sold all 750,000 shares of common stock under the Sales Agreement for gross proceeds of approximately $1,301,923 and no further shares are available under the terms of the Sales Agreement as filed on January 27, 2017. A description of the terms and conditions of the Sales Agreement is set forth in the Company’s current report on Form 8-K filed on January 27, 2017 and incorporated herein by reference.


About MARATHON PATENT GROUP, INC. (NASDAQ:MARA)

Marathon Patent Group Inc. (MARA) is engaged in acquiring patents and patent rights from owners or other ventures. The Company monetizes its portfolio of patents and patent rights by entering into license discussions. The Company owns around 378 United States and foreign patents, and patent rights across a range of technologies and markets. The Company owns around 22 patent applications across a range of technologies and markets.

MARATHON PATENT GROUP, INC. (NASDAQ:MARA) Recent Trading Information

MARATHON PATENT GROUP, INC. (NASDAQ:MARA) closed its last trading session up +0.09 at 1.69 with 106,942 shares trading hands.