Core Viewpoint - Immersion Corporation has adopted a temporary shareholder rights plan to protect the interests of all shareholders and reduce the likelihood of any person or group gaining control without proper compensation [1][7]. Summary by Sections Shareholder Rights Plan - The Rights Plan will be triggered if any person or group acquires beneficial ownership of more than 9.99% of Immersion's outstanding common stock and will remain effective until October 31, 2026 [1]. Board's Response to Shareholder Communication - The Board approved the Rights Plan after receiving a letter from shareholder Scott A. Larson, which was deemed to contain inaccuracies and misunderstandings about Immersion's business model [2][3]. Company Performance and Financials - Immersion has achieved strong profitability and revenue from intellectual property settlements, while improving general and administrative efficiency and reducing legal costs [4]. - The Board expressed frustration with the current share price, which does not reflect the company's underlying performance and financial strength, partly due to an ongoing investigation at Barnes & Noble Education [5]. Management and Shareholder Alignment - The management team and directors hold a significant ownership position and have historically made substantial open market purchases, aligning their interests with those of shareholders [6]. Commitment to Shareholder Value - The Board and management are committed to maximizing long-term shareholder value and maintaining stability during the ongoing BNED process, with the Rights Plan serving as a safeguard for strategic execution [7].

Core Points - Immersion Corporation received a delinquency compliance alert notice from Nasdaq on September 29, 2025, indicating that it did not timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended July [1] Company Summary - Immersion Corporation is a leading provider of haptic technologies [1] - The company is listed on Nasdaq under the ticker IMMR [1] Industry Context - The notification from Nasdaq highlights the importance of timely financial reporting for companies in the technology sector, particularly those involved in innovative fields like haptics [1]