---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-033529"
form_type: "8-K"
ticker: "IMMR"
cik: "0001058811"
company_name: "IMMERSION CORP"
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:02:09.731015+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Immersion to backstop BNED rights offering, invest up to $80M and convert debt

## Summary
- Immersion subsidiary Toro 18 commits up to $35M backstop for BNED rights offering at $0.05/share.
- Immersion to purchase 900M PIPE shares for $45M; Vital purchases 100M PIPE shares for $5M.
- All outstanding BNED debt under Term Credit Agreement converts to equity at $0.05/share.
- Immersion designates four board members (Eric Singer, W. Martin, E. Hoffman, E. Nader) post-closing.
- Immersion expects total stockholder equity ~$200M as of March 31, 2024.

## SEC filing metadata
- accession: 0001213900-24-033529
- form_type: 8-K
- ticker: IMMR
- cik: 0001058811
- company_name: IMMERSION CORP
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058811/000121390024033529/0001213900-24-033529-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058811/000121390024033529/immr-20240416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-033529
- JSON: https://secwatch.observer/filing/0001213900-24-033529.json
- Plain text: https://secwatch.observer/filing/0001213900-24-033529.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.