Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 38

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 38
---
 the Company entered into purchase agreements with certain investors providing for the issuance and sale by the Company of 929 common shares in a registered direct stock offering. The common shares were offered at a price of $35.00 per share, and the gross cash proceeds to the Company were $32,500. The Company incurred $282 of legal costs related to the offering. The closing of the registered direct offering occurred on  February 27, 2024.
    
     Stock Incentive Plan

       In
       March 2018, the Company’s Board of Directors approved the
      2018 Incentive Plan (
      “2018 Plan”) which was later approved by the Company’s shareholders at the Company’s
      2018 Annual Meeting of Shareholders in
       April 2018. The
      2018 Plan replaced the
      2008 Incentive Plan (
      “2008 Plan”). The
      2018 Plan provides for the grant of incentive and, stock appreciation rights, stock awards, restricted stock awards, restricted stock units, performance shares, performance units, and other stock or cash-based awards, which
       may be granted to officers, directors, employees, consultants, agents, advisors and independent contractors who provide services to the Company and its affiliated companies.

       In
       May 2023, the 
      2018 Plan was modified as approved by the Company’s shareholders at the Company’s
      2023 Annual Meeting of Shareholders. The amendment added
      1,200 shares to the pool of shares authorized for issuance.

       The
      2018 Plan authorizes the issuance of
      2,200 shares of common stock. In addition, up to
      770 shares of common stock subject to awards outstanding under the
      2008 Plan became available for issuance under
      2018 Plan to the extent that those shares cease to be subject to the awards (as a result of, for example, expiration, cancellation or forfeiture of the award). The shares authorized under the
      2018 Plan are subject to adjustment in the event of a stock split, stock dividend, recapitalization or similar event. Shares issued under the
      2018 Plan will consist of authorized and unissued shares or shares held by the Company as treasury shares. If an award granted under the
      2018 Plan lapses, expires, terminates or is forfeited or surrendered without having been fully exercised or without the issuance of