RIGHTSCORP, INC. (OTCMKTS:RIHT) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.
On April 10, 2017, Rightscorp, Inc. (the Company) issued an
aggregate of 7,940,227 shares of common stock to employees for
services.
In connection with the foregoing, the Company relied upon the
exemption from registration provided by Section 4(a)(2) under the
Securities Act of 1933, as amended, for transactions not
involving a public offering.
About RIGHTSCORP, INC. (OTCMKTS:RIHT)
Rightscorp, Inc. is a technology company, which has a method for collecting payments from illegal downloaders of copyrighted content through notifications sent to their Internet service providers (ISPs). The Company offers and sells a service to copyright owners under which copyright owners retain it to identify infringements and collect settlement payments from Internet users that have infringed on their copyrights. After it has received an order from a client, its software monitors the global peer-to-peer (P2P) file sharing networks to detect illegally distributed digital media. The technology sends automated notices of the infringing activity to ISPs and the ISP forwards these notices. The notice to ISPs and settlement offers identify the date, time, title of copyrighted intellectual property and other specific technology identifiers to confirm the infringement by the ISPs customer. Infringers accepting its settlement offers then remit payment to it for the copyright infringement.
