ImagineAR Provides Update on Niantic Litigation Following Court Order

• On 8 Apr 2026 a U.S. District Court for the District of Delaware ruled that all four patents asserted by ImagineAR against Niantic are invalid and granted Niantic’s motion for judgment on the pleadings, effectively dismissing the infringement claim.
• The court also denied ImagineAR’s motion to amend its complaint.
• ImagineAR plans to appeal the decision to the Federal Circuit.
• CEO Alen Paul Silverrstieen expressed disappointment but reaffirmed commitment to defend its inventions.
• Concurrently, a board director (Gurdip Panaich) resigned.

• Legal defeat removes any prospect of a settlement or damages award from Niantic, which was the company’s most publicized litigation and a potential catalyst for future financing.
• The dismissal eliminates a material upside that analysts may have priced in; the market reaction is already reflected in the share price falling to its 52‑week low ($0.01).
• The appeal offers only a distant, uncertain upside and does not mitigate immediate cash‑flow concerns.
• Combined with recent financing at $0.03 per unit (well above current trading levels) and ongoing dilution from warrants, the litigation loss materially weakens the company’s valuation narrative.

Conclusion: The news is materially negative; it fundamentally alters expectations for future revenue or settlement proceeds and heightens near‑term financial risk.

ImagineAR develops an AR‑as‑a‑Service platform targeting immersive experiences for entertainment venues, museums, and commercial partners. The flagship “Niagara Immersive Center” project was terminated in Dec 2025 due to external economic factors, leaving the company without a marquee deployment.