Welcome to our dedicated page for Immersion news (Ticker: IMMR), a resource for investors and traders seeking the latest updates and insights on Immersion stock.
Immersion Corporation (NASDAQ: IMMR) is a global leader in haptic technology, creating tactile feedback solutions that enhance digital interactions across mobile devices, automotive systems, and consumer electronics. This page provides investors and industry professionals with a centralized source for official company announcements and market-moving developments.
Access real-time updates on earnings reports, technology licensing agreements, and strategic partnerships that shape the future of touch-enabled interfaces. Our curated news feed includes press releases about product innovations, patent filings, and cross-industry applications of IMMR's haptic systems.
Key coverage areas include financial performance updates, R&D breakthroughs in digital tactility, and expansions into emerging markets. Bookmark this page to monitor how Immersion Corp's technology continues to redefine user experiences in gaming, automotive controls, and medical device interfaces.
Barnes & Noble Education (NYSE: BNED) announced the effectiveness of its $45 million equity rights offering, as declared by the SEC on May 14, 2024. This offering, part of a broader agreement with Immersion and key stakeholders, aims to raise $95 million in new equity capital, including a $50 million investment led by Immersion. BNED expects to net $75 million in cash post-transaction costs and will convert $34 million in second lien debt to common stock. Additionally, BNED has secured commitments to refinance its asset-backed loan facility to $325 million, maturing in 2028. The rights offering involves issuing 900 million shares at $0.05 per share, available to shareholders of record on May 14, 2024. The subscription period ends on June 5, 2024. Proceeds will be used to pay transaction expenses and reduce the company's ABL facility balance. The company's common stock will continue trading on the NYSE under the symbol 'BNED'.
Immersion , a haptics technology company, reported strong financial results for the first quarter of 2024. The company saw a significant increase in total revenues, GAAP net income, and non-GAAP net income compared to the same period in 2023. Total cash and short-term investments also experienced a notable increase. The CEO highlighted the positive start to the year and emphasized the company's focus on protecting and monetizing its intellectual property to drive long-term shareholder value.
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