SEC Filing Summary: Marathon Patent Group, Inc.
Business Context and Reporting Period
This Form 8-K was filed on February 3, 2017, by Marathon Patent Group, Inc. (not MARA Holdings, Inc.), reporting events occurring as of January 31, 2017. The registrant is incorporated in Nevada and operates from Los Angeles, CA.
Key Financial Metrics
The filing details a completed equity financing event rather than standard operating financials.
- Capital Raised: Approximately $1,301,923 in gross proceeds.
- Shares Sold: 750,000 shares of common stock.
- Transaction Type: "At the market" offering via Northland Securities, Inc.
- Other Metrics: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
On January 27, 2017, the Company entered into a Sales Agreement to sell up to 750,000 shares. By January 31, 2017, the Company had sold all 750,000 shares available under this agreement. No further shares are available for sale under the terms of the agreement filed on January 27, 2017.
Outlook, Risks, and Management Commentary
The filing confirms the full execution of the authorized offering. Management commentary is limited to the confirmation of the sale completion. No specific guidance, future outlook, or new risk factors were disclosed in this specific report beyond the standard incorporation by reference of the January 27, 2017 filing.
Investor Verification Checklist
- Verify the distinction between "Marathon Patent Group, Inc." (this filing) and "MARA Holdings, Inc." (requested in metadata).
- Confirm the net proceeds after deducting the agent's commission and offering expenses, as only gross proceeds ($1,301,923) are listed.
- Review the Form 8-K filed on January 27, 2017, for the full terms and conditions of the Sales Agreement.
- Check subsequent filings for the impact of this capital raise on the company's cash position and share count.