Posts Tagged: "Soryn IP Group"

Finjan Secures $15.3 Million Series A-1 Preferred Stock Financing

Finjan will issue 153,000 shares of Series A-1 Preferred Stock at a price of $100 per share to Soryn HLDR. In connection with this transaction, the company will also issue to Soryn HLDR warrants to purchase two million shares of common stock at an exercise price of $3.18 per common share. 

Finjan Series A financing supported by IPR-resistant cybersecurity patent portfolio

On May 12th, it was announced that Finjan had secured $10.2 million in a round of Series A investment financing in a private transaction involving both Halcyon Long Duration Recoveries Management and Soryn IP Group… The role that patents played in Finjan’s business activities was discussed heavily near the beginning of the conference call. Hartstein noted how Finjan had been successful in navigating changes to the patent landscape wrought by legislative, judicial and other changes, especially administrative changes at the U.S. Patent and Trademark Office. “These challenges are threatening a number of business models and we’ve recently seen several companies significantly pivot just to survive,” Hartstein said.