Marathon Patent Group to price $6 million public offering of stock

Deal funds acquisition of patent portfolios, working capital purposes

By Devika Patel

Knoxville, Tenn., Dec. 31 - Marathon Patent Group, Inc. plans to price a $6 million public sale of its common stock, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.

Proceeds will be used to acquire additional patent portfolios and for general working capital purposes.

Marathon is an intellectual property consulting company based in Alexandria, Va.

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