During its March 31, 2022 earnings call, BlackBerry announced that the planned sale of “substantially all of its non-core patent assets” to Catapult IP Innovations Inc. has cleared regulatory review in both the US and Canada. The price tag is reportedly $600M, with BlackBerry retaining the right to cancel the deal should Catapult IP—formed in Delaware in June 2021 and reportedly connected to a familiar figure in patent monetization circles—fail to lead a group of cross-border lenders and investors to arrive at the required total.