PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a
Material Definitive Agreement
As previously disclosed in a Current Report on Form 8-K dated
December 27, 2016, Prism Technologies, LLC (Prism), a wholly
owned subsidiary of Prism Technologies Group, Inc. (Company)
entered into a non-recourse financing agreement (Agreement) with
an unrelated party. The Company received $500,000 and intends to
use the funds for working capital and general corporate
operations. No equity was granted to the financing company in the
transaction.
The Company is filing this Amendment for the sole purpose of
providing a copy of the Litigation Funding Agreement, portions of
which have been redacted to a confidential treatment request
filed with the Securities and Exchange Commission.
Item 9.01 Financial Statements And Exhibits
|
Exhibit 10.10 |
Litigation Funding Agreement dated December 15, 2016 |
About PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM)
Prism Technologies Group, Inc., formerly Internet Patents Corporation, is engaged in the business of licensing and enforcing a portfolio of patents relating to technologies developed by it. The Company’s subsidiary is Prism Technologies, LLC (Prism). Prism has two primary operating subsidiaries: Secure Axcess, LLC and Millenium Biologix, LLC. Prism also operates an intellectual property licensing and enforcement business. The Company and its subsidiaries own a portfolio of patents with over 50 issued patents in the areas of computer and network security, semiconductors and medical technology. The Company’s patent portfolio includes Gregg Patents for device authentication and access to protected resources; Glazer Patents for image recognition and Website authentication; Weber Patents for multiple screen computer display; Pugh Patents for synthetic biomaterial compound; Wallace Patents for encrypted cookies, and Quizid Patents for authentication tokens. PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM) Recent Trading Information
PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM) closed its last trading session down -0.028 at 0.320 with 199,531 shares trading hands.
