MARATHON PATENT GROUP, INC. (NASDAQ:MARA) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On February 15, 2018, Marathon Patent Group, Inc. (the “Company”) received written notification (the “Notice”) from the NASDAQ Stock Market LLC (“Nasdaq”) that after review of the Company’s plan to regain compliance with Listing Rule 5620(a) (the “Rule”), which requires the Company to hold an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year end, Nasdaq has determined to grant the Company an extension to regain compliance with the Rule.
Nasdaq has granted the Company an extension until March 14, 2018 to regain compliance with the Rule. The Company has an annual meeting scheduled for March 7, 2018, which was adjourned from February 8, 2018.Based on current voting results, the Company expects to have a quorum and to successfully complete the annual meeting on March 7, 2018 and thereby regain compliance with the Rule.
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.
