Neonode expects $15M-$20M from Samsung patent settlement

Neonode Inc.

Neonode will receive 50% of net proceeds from Samsung settlement under 2019 patent assignment agreement.
Expected net proceeds of approximately $15 million to $20 million after brokerage fee, legal fees, taxes.
Neonode was not a party to the lawsuit; Aequitas Sub vs. Samsung dismissed September 2, 2025.
Board has not yet decided on use of proceeds.
Separate Aequitas Sub patent litigation against Apple remains pending in California.

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