SEC Filing Summary: Marathon Patent Group, Inc.
Business Context and Reporting Period
This Form 8-K was filed by Marathon Patent Group, Inc. on December 21, 2017. The report addresses a corporate governance matter regarding the company's capital structure, specifically the 0% Series E Convertible Preferred Stock.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding a specific corporate event and does not contain financial statements or performance metrics.
Material Changes
On December 20, 2017, the Company filed a Certificate of Correction to the Certificate of Designation of Rights, Powers, Preferences, Privileges and Restrictions of the 0% Series E Convertible Preferred Stock. This correction was made to adjust the method of determining the amount payable upon the occurrence of a Liquidation Event to comply with NASDAQ requirements.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks beyond the necessity of the correction for regulatory compliance. The terms of the correction are detailed in Exhibit 4.1 attached to the filing.
Key Investor Verification Points
- Verify the specific terms of the liquidation preference correction in Exhibit 4.1 (Certificate of Correction).
- Confirm that the correction satisfies NASDAQ listing requirements for the Series E Convertible Preferred Stock.
- Note that this filing does not reflect operational or financial performance for the period.