Key Developments: Spherix Inc (SPEX.OQ)

SPEX.OQ on NASDAQ Stock Exchange Capital Market

17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

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

Spherix Inc Initiates Lawsuit Under Cordless Handset Patents Against VTech Communications In Northern District Of Texas
Tuesday, 3 Sep 2013 06:00am EDT 

Spherix Incorporated announced that it has filed suit against VTech Communications, Inc. (VTech), for patent infringement in the Northern District of Texas. The patents at issue in the litigation were recently acquired from Rockstar Consortium US LP, the successor to many important Nortel Networks ("Nortel") patent assets and technology. The patents included in the suit cover many cordless telephones, including patents dating to 1993. VTech claims to be the cordless telephone producer, including the production of phones for AT&T. The patents at issue were invented by former Nortel employees working in the U.S. and Canada. VTech claims an 80% US market share and has moved virtually all of its manufacturing to China.  Full Article

Spherix Inc To Partner With Rockstar Consortium
Wednesday, 17 Jul 2013 06:00am EDT 

Spherix Inc announced that it has entered into a definitive agreement with Rockstar Consortium, the owner of Nortel Networks patent portfolio of over 4,000 patents, to acquire a suite of patents. Through the Rockstar Consortium transaction, Spherix will substantially increase its intellectual property portfolio and be positioned to enhance its opportunities for revenue generation through the monetization of these assets.  Full Article

Spherix Inc Announces Resignation Of Robert Clayton- Form 8-K
Wednesday, 3 Jul 2013 01:00am EDT 

Spherix Inc reported in it's Form 8-K that on June 28, 2013, Robert Clayton elected not to extend his employment with the Company and resigned from his position as the Company's Chief Financial Officer (CFO), Treasurer and Corporate Secretary and all positions held with the Company's subsidiaries.  Full Article

Spherix sues Cisco over switches, routers patent infringement

March 27 - Spherix Inc, which buys and licenses technology patents, said it filed a lawsuit against Cisco Inc alleging infringement of 11 patents Spherix acquired from Nortel Networks.

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