MARATHON PATENT GROUP, INC. (NASDAQ:MARA) Files An 8-K Other Events
ITEM 8.01 Other Information
On April 23, 2019, Marathon Patent Group, Inc. (the Company) announced that it received formal notification from The Nasdaq Stock Market LLC (Nasdaq) that the Company has regained compliance with Listing Rule 5450(a)(1), which requires the Companys common stock to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Companys common stock was at $1.00 per share or greater for the prior 10 consecutive business days.
Nasdaq had previously notified the Company of its non-compliance with Listing Rule 5450(a)(1) on July 10, 2018, following 30 consecutive business days for which the closing bid price of the Companys common stock did not meet the $1.00 per share minimum requirement.
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.
