Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Stock Repurchase Agreement
−Removed: On February 14, 2022, we entered into a Common Stock Repurchase Agreement (the “Agreement”) with Invenomic Capital Management LP.
−Removed: (“Invenomic”).
−Removed: Pursuant to the Agreement, we purchased 904,499 shares of our common stock from Invenomic at $4.725 per share, or an aggregate purchase price of $4.3 million.
−Removed: For additional information, please see Note 7 .
−Removed: Stockholders’ Equity .
Stock Repurchase Program
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The stock repurchase program does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time.
−Removed: As of March 31, 2022, we have $29.8 million available for repurchase under the stock repurchase program.
−Removed: Share repurchase activity during the three months ended March 31, 2022 was as follows (in thousands, except per share amounts):
+Added: As of June 30, 2022, we have $28.3 million available for repurchase under the stock repurchase program.
+Added: Share repurchase activity during the three months ended June 30, 2022 was as follows (in thousands, except per share amounts):
Periods Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
−Removed: January 1 to 31, 2022 — N/A — —
−Removed: February 1 to 28, 2022 904,499 '(2)
−Removed: $ 4.725 0 N/A
−Removed: March 1 to 31,2022 34,282 '(3)
−Removed: $ 4.89 34,282 29,800,000
−Removed: (1) The amounts represent the amount available to repurchase shares under the authorized repurchase program as of March 31, 2022.
+Added: April 1 to April 30 — N/A — —
+Added: May 1 to May 31, 2022 61,088 5.6799 61,088 29,500,000
+Added: June 1 to June 30, 2022 220,677 5.3632 220,677 28,300,000
+Added: (1) The amounts represent the amount available to repurchase shares under the authorized repurchase program as of June 30, 2022.
The Company’s stock repurchase program does not obligate it to acquire any specific number of shares.
−Removed: (2) Purchased pursuant to the Invenomic Common Stock Repurchase Agreement described above.
−Removed: (3) Purchased as part of our Stock Repurchase Program described above.
The exhibits listed in the accompanying “Exhibit Index” are filed or incorporated by reference as part of this Form 10-Q.
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+ This certification is deemed not filed for purposes of section 18 of the Exchange Act, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act, as amended, or the Exchange Act, as amended.
+Added: ** Management Contract
Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
+Added: August 15, 2022
IMMERSION CORPORATION
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.