The acquisition of the patents from Rockstar consortium is complete, and the announcement had a strong positive impact on the share. It shot up on the back of huge volumes. While the news about the closure was expected, investors were waiting to know about the lockup period etc. for the shares issued in consideration of the deal. The deal involves payment of an initial consideration of up-front cash plus $1,000,000 in Spherix common stock issued at $5.65 per share. In addition, Rockstar will also receive a percentage of future profits after recovery of patent monetization costs, and an initial priority return on investment to Spherix. The 8K mentions that the issued shares are subject to a lock-up agreement, subject to certain leak-out provisions, which shall expire on the earlier of six months from the issuance of the Shares and the date that the Company's Common Stock achieves a trading volume of at least 50,000 shares per day and a closing price of at least $13 per share for a period of five consecutive days. It is a suite of 7 patents that cover mobile communication devices. As per the press release, the patents are “well documented and easily understandable technology so that we can quickly proceed to seek agreements to support commercialization efforts and enforcement, if required”. The company had also recently acquired patents issued to Harris Corporation which relate to the wireless communications and telecommunication sectors including antenna technology, Wi-Fi, base station functionality, and cellular. The company is likely to pursue monetizing opportunities for these patents soon, and the incoming CEO Hayes is expected to use his past experience to get the best value for these patents. He has been actively involved in the negotiations related to the deals, and will pursue a multitude of strategies, including litigation, to monetize the patents.