Wednesday, December 11, 2013

12/11/2013 PIPCO Pre-Market News

Acacia (ACTG) entered into an agreement through their AdjustaCam LLC subsidiary with Logitech.  The agreement resolves litigation pending in Northern California and related arbitration

MGT Capital Investments (MGT) filed a warrant amendment for warrants held by Iroquois last night.  Iroquois agreed to exercise 613,496 warrants immediately and the warrants strike price was reduced from $3.85 to $1.50 per share for aggregate proceeds of $920,000.  MGT agreed to not issue any securities at a price below $2.50 for 90 days after the agreement.

 Marathon Patent Group (MARA) had two 13G's filed last night disclosing new 5%+ positions.  The new disclosed positions represent over 18% of the company combined (5% and 13%).

Rambus (RMBS) was started at neutral by Citigroup - no link

Tessera Technologies (TSRA) appointed Thomas Lacey as CEO.

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