Key Developments: Spherix Inc (SPEX.OQ)

SPEX.OQ on NASDAQ Stock Exchange Capital Market

1.17USD
18 Dec 2014
Price Change (% chg)

$0.04 (+3.54%)
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$10.40
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Latest Key Developments (Source: Significant Developments)

Spherix Inc's NNPT, LLC commences patent litigation against Huawei
Tuesday, 10 Jun 2014 06:00am EDT 

NNPT, LLC:NNPT, LLC wholly owned subsidiary of Spherix Inc commences patent litigation in United States District Court for Eastern District of Texas against Huawei Device USA Inc, Huawei Technologies USA Inc, Huawei Technologies Cooperatif U.A. and Futurewei Technologies Inc.NPT complaint alleges that Huawei, manufacturers and sellers of routing and switching products for high-performance networks, infringes five patents assigned to NNPT.  Full Article

Spherix Inc announces $20 mln registered direct offering of preferred stock
Thursday, 29 May 2014 09:25am EDT 

Spherix Inc:Says that it entered into a placement agent agreement with Laidlaw & Company (UK) Ltd. on May 28, to sell 10 million shares of Series J Convertible Preferred Stock in a registered direct offering at a purchase price of $2.00 per share.Offering is expected to close on June 2.Net proceeds to the company, following payment of placement agent fees and other expenses of the Offering payable by us, are expected to be about $18.3 million.  Full Article

Spherix Inc commences federal litigation against Juniper Networks Inc for patent infringement
Monday, 5 May 2014 06:00am EDT 

Spherix Inc:Commences litigation against Juniper Networks Inc in United States District Court for District of Delaware, alleging that Sunnyvale, California based company infringes five patents owned by Spherix.Patents asserted in the litigation were developed by Nortel Networks and acquired by Spherix in December 2013.Technology at issue relates to routers and switches sold by Juniper that move data across a network and are five of the same patents previously asserted by Spherix against Cisco.Spherix contends that scope of Juniper's infringement of the asserted patents has been and continues to be substantial.  Full Article

Spherix Inc commences federal litigation against Cisco Inc
Thursday, 27 Mar 2014 06:00am EDT 

Spherix Inc:Commences patent litigation in US District Court for District of Delaware against Cisco Inc.These patents, developed by inventors at Nortel Networks and acquired by Spherix in Dec. 2013 relate to Cisco's products including routers and switches.  Full Article

Spherix Inc announces litigation update in lawsuits against VTech and Uniden
Wednesday, 12 Feb 2014 06:00am EST 

Spherix Inc:Says the company and defendants VTech and Uniden submitted agreed patent litigation schedules to the U.S. District Court for the Northern District of Texas.The parties proposed that Markman Hearings for the two cases be consolidated and that the joint Markman Hearing be held Oct 2.The proposed schedule and Markman Hearing is subject to approval by the court, and such approval and the outcome of any litigation cannot be assured.  Full Article

Spherix Inc appoints richard cohen as chief financial officer
Thursday, 9 Jan 2014 06:00am EST 

Spherix Inc:Says it has appointed Richard Cohen as its Chief Financial Officer.Says Cohen replaces Michael Pollack who was serving as interim chief financial officer.  Full Article

Spherix Inc Announces the Closing of Private Placement of $2,235,000
Thursday, 7 Nov 2013 06:00am EST 

Spherix Inc announced that the Company has closed the previously announced private placement with five accredited investors for gross proceeds to the Company of $2,235,000. The average price per share in this transaction was $6.34.  Full Article

Spherix Inc Announces Addition to Executive Team
Tuesday, 15 Oct 2013 06:00am EDT 

Spherix Inc announced that it has hired Michael Pollack to serve as its Interim Chief Financial Officer.  Full Article

Spherix Inc Announces Closing of Acquisition of North South Holdings; Appointment Of Anthony Hayes As New CEO
Tuesday, 10 Sep 2013 08:40am EDT 

Spherix Incorporated announced that it closed on the acquisition of North South Holdings Inc. (hereinafter "North South"), previously announced on April 2, 2013. In addition, Spherix reported that it received NASDAQ approval for continued listing on the NASDAQ exchange. Anthony Hayes, former CEO of North South, will take over as CEO of Spherix.  Full Article

Spherix Inc Announces Merger Agreement With Nuta Technology Corp And North South Holdings, Inc - Form 8-K
Wednesday, 4 Sep 2013 10:36am EDT 

Spherix Inc reported in its Form 8-K that it has entered into an amendment to the Agreement and Plan of Merger with Nuta Technology Corp., the Company’s wholly owned subsidiary, and North South Holdings, Inc. (North South). Pursuant to the terms of the Amendment, the Company will issue 1,203,153 shares of the Company’s common stock and 1,379,685 shares of the Company’s Series D Preferred Stock, each of which is convertible into 10 shares of common stock. Additionally, of the consideration paid, 555,072 shares of common stock and 94,493 shares of Series D Preferred Stock shall be paid into escrow for a period of one-year to cover certain indemnification obligations.  Full Article

BUZZ-Spherix Inc: Patent lawsuit hearing rescheduled

** Shares of company, which buys and licenses technology patents, down 10.3 pct at $1.40 premarket

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