---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-051888"
form_type: "8-K"
ticker: "IMMR"
cik: "0001058811"
company_name: "IMMERSION CORP"
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:46:19.372227+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Immersion closes $45M BNED rights offering & PIPE; invests $55M, appoints four directors

## Summary
- Rights offering raised $45M gross from 900M shares at $0.05/share; Immersion backstop purchased 200,670,135 shares for $10.0M.
- Immersion also bought 900M shares in a PIPE for $45M, total Immersion purchase of ~1.1B shares for $55M.
- BNED completed a 1-for-100 reverse stock split on June 11, 2024, adjusting Immersion's holdings accordingly.
- BNED appointed four Immersion directors (Eric Singer, William Martin, Emily Hoffman, Elias Nader) to its board post-closing.
- BNED reimbursed Immersion $2.45M expenses and paid $2.45M fee for backstop commitment.

## SEC filing metadata
- accession: 0001213900-24-051888
- form_type: 8-K
- ticker: IMMR
- cik: 0001058811
- company_name: IMMERSION CORP
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058811/000121390024051888/0001213900-24-051888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058811/000121390024051888/immr-20240610.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-051888
- JSON: https://secwatch.observer/filing/0001213900-24-051888.json
- Plain text: https://secwatch.observer/filing/0001213900-24-051888.txt

## Key facts
- M&A Transactions
  IMMERSION CORP completed an acquisition involving Barnes & Noble Education, Inc. for $45,000,000 (closed 2024-06-10).
  - Action: acquisition
  - Counterparty: Barnes & Noble Education, Inc.
  - Consideration: $45,000,000
  - Closing: 2024-06-10
  source text: On the Closing Date, the Company issued the Offered Shares, which generated $45,000,000 in gross proceeds
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058811/000121390024051888/0001213900-24-051888-index.htm

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