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Tuesday, May 24, 2022

Briefs: Interlink, Warner Bros., DineEquity

Interlink Electronics Inc. on Thursday completed an announced four-for-one reverse split of its common stock. The Camarillo manufacturer of touch pad and mouse technology originally announced the split last month to increase the value of its common shares. It previously had planned to complete the split May 15, with the hopes of listing the company’s stock on a national exchange. Chairman and Chief Executive Steven Bronson previously owned more than 425,000 shares of the company’s common stock, which represented a majority of the 731,142 share total outstanding. With Bronson’s majority stake, there was no meeting of the stockholder’s to seek approval of the split. Shares closed up $2.50, or 11 percent, to $25 on the Pink Sheets. Warner Bros. Entertainment announced on Thursday the six startup companies chosen for its Media Camp accelerator program. The 12-week program is open to startups with existing products and gives them access to workshops focused on media technology, formal mentorship from media industry experts and an initial $20,000 investment with the potential for future commercial agreements. “Media Camp not only provides entrepreneurs with access, resources and relationship-building opportunities otherwise unavailable to them, it allows us to work extensively with outside talent to accelerate new products and services,” said Debra Baker, senior vice president of global business development at Warner Bros. Home Entertainment, in a prepared statement. The six companies are Bubbl, a mobile online video app; Incoming Media, a platform using behavioral data to deliver mobile content; Portal Entertainment, an online interactive content company; Sidevision, a video player to monetize online content; Toggle, a device that attaches to a television to stream content from cloud accounts; and Wisemetrics, a content distribution platform. DineEquity Inc.’s board of directors today approved a quarterly dividend of 75 cents a common share to its stockholders. The Glendale parent company to Applebee’s and IHOP restaurants will distribute the dividends on June 27 to stockholders of record as of June 18. The company issued the same dividend last quarter. Shares closed down 37 cents, or a fraction of a percent, to $79.43 on the New York Stock Exchange.

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