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Company Description (as filed with the SEC)
Straight Path Communications Inc., a Delaware corporation, is a holding company consisting of the following two reportable business segments: ? Straight Path Spectrum, Inc., which holds spectrum licenses and leases and markets fixed wireless spectrum; ? Straight Path IP Group, Inc., which holds intellectual property primarily related to communications over the Internet and the licensing and other business related to this intellectual property. We own 84.5% of our subsidiary Straight Path IP Group, subject to outstanding options held by a consultant to purchase another 0.5% from us. In addition, the former Chief Executive Officer of Straight Path IP Group has asserted claim to the right to receive options to purchase another 5% of Straight Path IP Group’s common stock from us. ... More ...