UNITED STATES
`SECURITIES AND EXCHANGE COMMISSION
`Washington, D.C. 20549
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`FORM 8-K
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`CURRENT REPORT
`Pursuant to Section 13 or 15(d) of
`The Securities Exchange Act of 1934
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`Date of Report (Date of Earliest Event Reported): May 14, 2015
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`FINJAN HOLDINGS, INC.
`(Exact name of registrant as specified in its charter)
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`Delaware
`(State or other jurisdiction
`of incorporation)
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`000-33304
`(Commission
`File Number)
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`2000 University Avenue, Suite 600, East Palo Alto, CA
`(Address of principal executive offices)
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`20-4075963
`(IRS Employer
`Identification No.)
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`94303
`(Zip Code)
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`Registrant’s telephone number, including area code: 650-282-3228
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`(Former name or former address, if changed since last report)
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`Check the appropriate box below if the Form 8 K filing is intended to simultaneously satisfy the filing obligation of the registrant under
`any of the following provisions:
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` Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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` Soliciting material pursuant to Rule 14a 12 under the Exchange Act (17 CFR 240.14a 12)
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` Pre commencement communications pursuant to Rule 14d 2(b) under the Exchange Act (17 CFR 240.14d 2(b))
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` Pre commencement communications pursuant to Rule 13e 4(c) under the Exchange Act (17 CFR 240.13e 4(c))
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`Item 7.01. Regulation FD Disclosure
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`On May 14, 2015, Finjan Holdings, Inc. (the “Company”) issued a press release providing a shareholder update and highlights
`for the first quarter ended March 31, 2015 as well as other subsequent events. The Company announced the following, among other
`things:
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`Reported approximately $15 million in cash with an additional $3 million to be received from existing license agreements over
`the next 12 months
`Potential for early returns on its investment in Jerusalem Venture Partners Fund VII, Cyber Strategic Partners, a fund in which
`the Company holds a minority limited partnership interest
`Entered into a license agreement, subsequent to the first quarter with F Secure Corporation, which requires F Secure to pay
`Finjan $1 million
`Began the development of new mobile security applications to protect consumer data and information
`Establishing a new cybersecurity consulting service business
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`A copy of the press release is attached hereto as Exhibit 99.1.
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`Item 9.01. Financial Statements and Exhibits
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` Description
` Press Release, dated May 14, 2015
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`(d) Exhibits.
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`Exhibit No.
`99.1
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`SIGNATURE
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`Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
`behalf by the undersigned hereunto duly authorized.
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`FINJAN HOLDINGS, INC.
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`By:
`/s/ Philip Hartstein
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`Name: Philip Hartstein
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`Title: President & Chief Executive Officer
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`Date: May 14, 2015
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`FINJAN PROVIDES 1ST QUARTER SHAREHOLDER UPDATE
`Announces New Product and Services Business
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`E. PALO ALTO, CA May 14, 2015
` Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity licensing and technology company, is
`providing an update and highlights for the first quarter ended March 31, 2015 as well as other subsequent events.
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`Strategic Highlights:
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`Reported approximately $15 million in cash with an additional $3 million to be received from existing license agreements over the
`next 12 months
`Expecting early returns on its investment in Jerusalem Venture Partners Fund VII, Cyber Strategic Partners (“JVP” and “JVP
`Cyber Strategic Partners”).
`Entered into a license agreement, subsequent to the first quarter with F Secure Corporation, which requires F Secure to pay Finjan
`$1 million
`Began the development of new mobile security applications to protect consumer data and information
`Establishing a new cybersecurity consulting service business
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`“In the first quarter of 2015 we focused our attention on furthering our licensing and litigation programs as well as realizing returns on our
`early investments,” commented, Phil Hartstein, President and CEO of Finjan. “We will be re investing those returns into new opportunities,
`including mobile security applications and a new cybersecurity focused consulting service business. We expect to accomplish these new
`investments with out significantly impacting our cash position, within existing budget forecasts, and without distraction from our core
`operations."
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`First Quarter Licensing and Litigation Review
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`Finjan has an active Markman Hearing schedule with two Markman Hearings already concluded in favor of the Company and two additional
`Markman Hearings to be held in the second quarter of 2015. The company has a two week trial against Blue Coat set to commence on July
`20th, 2015 with Blue Coat.
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`Subsequent to the quarter end, Finjan entered into a negotiated License Agreement with F Secure Corporation, a company incorporated in
`Finland. The Agreement provides for F Secure to pay Finjan the sum of $1,000,000 in cash, to be paid in two installments, consisting of
`$700,000 which was received on April 22, 2015 and $300,000 on or before March 31, 2016. The Agreement also provides for the
`assignment by F Secure to Finjan of two patents, U.S. Patent Nos. 8,474,048 and 7,749,991.
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`Finjan has patent infringement lawsuits against FireEye, BlueCoat, Proofpoint, Sophos, Symantec, and Palo Alto Networks relating to,
`collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public
`Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.
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`JVP Cyber Strategic Partners Update
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`Finjan’s investment in JVP Cyber Strategic Partners has had a successful exit of one of the portfolio companies, CyActive. As recently
`reported by JVP, CyActive was sold to PayPal for approximately $60 million with a commitment by PayPal to build a center for
`cybersecurity excellence in Israel, which will further develop the technology. CyActive’s technology is focused on next generation
`predictive analytics for enhanced cybersecurity protection. Finjan expects to receive a distribution from its JVP investment. Other investors
`in JVP Cyber Strategic Partners include Cisco, Qihoo 360 and Alibaba.
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`Cybersecurity Mobile Applications
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`Finjan was previously bound to a non compete exclusion for products or services in the cybersecurity space as a result of its 2008 divestiture
`of its hardware business. As of March that exclusion expired and Finjan initiated a software development program focused on securing data
`on mobile devices. Currently, the company is developing two applications for mobile devices and is sponsoring a Mobile Defense Challenge
`with eight Universities to identify a next generation focus.
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`Cybersecurity Consulting Services
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`Finjan plans to launch a cybersecurity focused services business around identifying, managing, and mitigating cyber security related risks
`across technology, retail, and financial services companies. The services will range from highly technical advanced attack and penetration
`services, maturity modeling of security operating centers, and cyber risk quantification and governance for board
`level
`consideration. Generally these services will be targeted at the segment between the "Server Room and the Board Room.”
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`ABOUT FINJAN
`Founded in 1997, Finjan is recognized globally as a cybersecurity pioneer and leader. Finjan’s investment in innovation is captured in its
`patent portfolio, centered around software and hardware technologies capable of proactively detecting previously unknown and emerging
`threats on a real time, behavior based basis. Finjan’s software detects malicious code and protects end users from identity and data theft,
`spyware, malware, phishing, trojans, and other online threats. To date, Finjan has successfully licensed our intellectual property to major
`technology companies for more than $150 million. For more information about Finjan, please visit www.finjan.com.
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`Follow Finjan Holdings, Inc.:
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`Twitter: @FinjanHoldings
`LinkedIn: linkedin.com/company/finjan
`Facebook: facebook.com/FinjanHoldings
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`Investor Contact:
`Alan Sheinwald or Valter Pinto Capital Markets Group LLC
`(650) 282 3245 investors@finjan.com
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`Media Contact:
`Mark Veverka Sitrick and Company
`(415) 369 8454 mveverka@sitrick.com
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`Cautionary Note Regarding Forward-Looking Statements
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`Except for historical information, the matters set forth herein that are forward looking statements involve certain risks and uncertainties
`that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, the outcome of pending or future
`enforcement actions, our ability to expand our technology portfolio, the enforceability of our patents, the continued use of our technologies
`in the market, our stock price, changes in the trading market for our securities, regulatory developments, general economic and market
`conditions, the market acceptance and successful business, technical and economic implementation of Finjan Holdings’ intended plan and
`the other risk factors set forth from time to time in our filings with the SEC, including our Annual Report on Form 10 K for the year ended
`December 31, 2014, and the Company’s periodic filings with the SEC, copies of which are available free of charge at the SEC's website
`at www.sec.gov or upon request from Finjan Holdings, Inc. All forward looking statements herein reflect our opinions only as of the date of
`this release, and Finjan Holdings undertakes no obligation, and expressly disclaims any obligation, to update forward looking statements
`herein in light of new information or future events.