other_material
confidence high
sentiment neutral
materiality 0.90
Immersion Corporation adopts temporary shareholder rights plan with 9.99% trigger
IMMERSION CORP
- Board declares dividend of one preferred share purchase right per common share, payable Nov 17, 2025.
- Rights become exercisable if a person or group acquires 9.99% or more of common stock without Board approval.
- Rights plan expires on October 31, 2026, unless extended with shareholder ratification.
- Adoption follows a letter from shareholder Scott A. Larson, which the Board says contains inaccurate assertions.
- Company unable to release current financials due to ongoing BNED investigation and restatement process.