FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Other Events

FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Other Events

Story continues below

Item 8.01. Other Events.

On April 21, 2017, Finjan Holdings, Inc. (the Company) and Finjan
Mobile, Inc. (Finjan Mobile), a wholly-owned subsidiary of the
Company, entered into a Confidential Avira VPN Platform
Distribution Agreement (the Distribution Agreement) with Avira,
Inc., a Delaware corporation (Avira). to the Distribution
Agreement, Avira will provide its Virtual Private Network (VPN)
platform and technical support (VPN Platform) to Finjan Mobile,
and Finjan Mobile will offer, distribute and sell the VPN
Platform as part of its Vital Security suite of product
offerings. Avira will also grant Finjan Mobile certain license
rights in connection with the Distribution Agreement and Finjan
Mobile shall pay Avira $3.9 million in license fees under the
Distribution Agreement, payable in 12 quarterly installments of
$325,000 over the next 3 years.
On April 21, 2017, Finjan Mobile also entered into a Confidential
Patent Cross License Agreement (the Cross License Agreement) with
Avira. to the Cross License Agreement, the parties will grant
patent cross licenses to each other and their affiliates. The
specific terms of the Cross>License Agreement are
confidential.
A copy of the press release issued by the Company relating to the
Distribution>Agreement and the Cross License
Agreement>discussed above is attached hereto as Exhibit 99.1
and is incorporated herein by reference.
The information in the press release shall not be deemed filed
for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the Exchange Act) or otherwise subject to the
liabilities of that section, unless the Company specifically
states that the information is to be considered filed under the
Exchange Act or incorporates it by reference into a filing under
the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits
(d)
Exhibits.
Exhibit No.
Description
99.1
Press Release, dated April 26, 2017, entitled Finjan
Mobile Announces Go-to-Market Technology Partnership
with Avira Parties sign Cross-License to Each Others
Patents.


FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Recent Trading Information

FINJAN HOLDINGS, INC. (NASDAQ:FNJN) closed its last trading session 00.00 at 1.84 with 103,370 shares trading hands.

An ad to help with our costs