Proxy Battle Looms as Activist Investor Increases Pressure on Immersion
- January 10, 2020
Category: In Case You Missed It
Last quarter, Immersion Corporation provided investors with an update on its new strategic initiative—an optimistic plan for moving forward now that the company is no longer “mired in constant litigation” and has “transitioned out of cash burn mode”. However, with activist investor VIEX Capital Advisors ratcheting up pressure on Immersion—in which Acacia Research Corporation also holds a large stake—the company may need to focus on fending off a proxy fight.