SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 14, 2020
Network-1 Technologies, Inc.
(Exact name of registrant as specified in its charter)
|(State or Other Jurisdiction||(Commission||(I.R.S. Employer|
|of Incorporation)||File Number)||Identification No.)|
445 Park Avenue, Suite 912, New York, New York 10022
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
Common Stock, par value $0.01 per share
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|☐||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|☐||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|☐||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|☐||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|Item 8.01||Other Events.|
On April 14, 2020, Network-1 Technologies, Inc. (the “Company”) announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,621,226 (“Methods For Using Extracted Features To Perform An Action Associated with Selected Identified Image”) and U.S. Patent No. 10,621,227 (“Methods For Using Extracted Features To Perform An Action”). The newly issued patents arise from a patent application contained in the patent portfolio acquired by the Company from Professor Ingemar Cox in 2013 (the “Cox Patent Portfolio”). Since the acquisition of the Cox Patent Portfolio, The Company has filed thirty-four (34) additional patent applications, all of which have been issued bringing the total Cox Patent Portfolio of granted patents to thirty-nine (39). There are currently no pending applications relating to the original specification for the Cox Patent Portfolio. A copy of the press release is attached hereto as Exhibit 99.1.
|Item 9.01||Financial Statements and Exhibits.|
|99.1||Press Release dated April 14, 2020|
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|NETWORK-1 TECHNOLOGIES, INC.|
|Dated April 16, 2020||By:||/s/ Corey M. Horowitz|
Name: Corey M. Horowitz
Title: Chairman & Chief Executive Officer