Item 8.01 Other Events.
On June 14, 2023, the Board of Directors of Network-1 Technologies, Inc. (the
"Company") approved an extension of its share repurchase program (the "Share
Repurchase Program") pursuant to Rule 10b-18 of the Securities Exchange Act, as
amended, authorizing the Company to repurchase up to $5,000,000 of shares of its
common stock over the next two years. As of the date hereof, the Company has
repurchased an aggregate of 9,360,944 shares of its common stock under its Share
Repurchase Program since inception of the program in August 2011 at an average
price of $1.93 per share or an aggregate cost of $18,085,981 (exclusive of
commissions).
A copy of the press release is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated June 14, 2023
104 Cover Page Interactive Data File (embedded within the Inline
XBRL document).
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