<SEC-DOCUMENT>0001513162-17-000023.txt : 20170119
<SEC-HEADER>0001513162-17-000023.hdr.sgml : 20170119
<ACCEPTANCE-DATETIME>20170119080922
ACCESSION NUMBER:		0001513162-17-000023
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170119
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170119
DATE AS OF CHANGE:		20170119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITUS Corp
		CENTRAL INDEX KEY:			0000715446
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				112622630
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37492
		FILM NUMBER:		17534852

	BUSINESS ADDRESS:	
		STREET 1:		12100 WILSHIRE BOULEVARD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		31044845200

	MAIL ADDRESS:	
		STREET 1:		12100 WILSHIRE BOULEVARD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COPYTELE INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<head><title>form 8K</title> </head> <body lang=EN-US> <div style=page:WordSection1> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>UNITED STATES</font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>SECURITIES AND EXCHANGE COMMISSION</font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>Washington, D.C. 20549</font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><u><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></u></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>FORM 8-K</font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>CURRENT REPORT</font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934</font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>Date of Report (Date of earliest event reported):&nbsp;&nbsp;January 19, 2017</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b></b>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><u><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>ITUS CORPORATION</font></u></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>(Exact name of registrant as specified in its charter)</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr> <td width=194 style="WIDTH:145.7pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>Delaware</font></b></p></td> <td width=175 style="WIDTH:130.95pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>000-11254</font></b></p></td> <td width=170 style="WIDTH:127.45pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>11-2622630</font></b></p></td></tr> <tr> <td width=194 style="WIDTH:145.7pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>(State or other jurisdiction<br>of incorporation)</font></p></td> <td width=175 style="WIDTH:130.95pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>(Commission<br>File Number)</font></p></td> <td width=170 style="WIDTH:127.45pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:5.4pt; PADDING-RIGHT:5.4pt" valign=top> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>(IRS Employer</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>Identification No.)</font></p></td></tr></table></div> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; MARGIN:0in 0in 0pt'>&nbsp;</p> <div align=center> <table width=733 bordercolor=transparent style="WIDTH:550pt; BORDER-COLLAPSE:collapse" cellpadding=0 cellspacing=0> <tr> <td width=349 style="WIDTH:261.9pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>12100 Wilshire Boulevard, Suite 1275</font></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>Los Angeles, CA</font></b></p></td> <td width=337 style="WIDTH:252.9pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>90025</font></b></p></td></tr> <tr> <td width=349 style="WIDTH:261.9pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>(Address of principal executive offices)</font></p></td> <td width=337 style="WIDTH:252.9pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>(Zip Code)</font></p></td></tr></table></div> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; MARGIN:0in 0in 0pt'>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>Registrant&#146;s telephone number, including area code:&nbsp; <b>(310) 484-5200</b></font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; MARGIN:0in 0in 0pt'><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; </font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center>&nbsp;</p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>(Former name or former address, if changed since last report)</font></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b><u><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></u></b></p> <p style='FONT-SIZE:10pt; FONT-FAMILY:"Courier New"; PAGE-BREAK-AFTER:auto; TEXT-ALIGN:center; MARGIN:0in 0in 0pt' align=center><b></b>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'>Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:<br><br></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-INDENT:-0.5in'><font style=FONT-SIZE:11pt><font face=Wingdings>o</font>&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule&nbsp;425 under the Securities Act (17&nbsp;CFR&nbsp;230.425)</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-INDENT:-0.5in'><font style=FONT-SIZE:11pt><font face=Wingdings>o </font>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17&nbsp;CFR&nbsp;240.14a-12)</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-INDENT:-0.5in'><font style=FONT-SIZE:11pt><font face=Wingdings>o </font>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17&nbsp;CFR&nbsp;240.14d-2(b))</font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt 0.5in; TEXT-INDENT:-0.5in'><font style=FONT-SIZE:11pt><font face=Wingdings>o </font>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17&nbsp;CFR&nbsp;240.13e-4(c))</font></p></div><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'><br clear=all></font></b> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'>&nbsp;</p> <div style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; page:WordSection2' align=center><b> <hr style=PAGE-BREAK-AFTER:always> </b></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; page:WordSection2'>&nbsp;</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; MARGIN-TOP:0px; page:WordSection2"><b>Item 7.01 Regulation FD Disclosure</b></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; MARGIN-TOP:0px; page:WordSection2">&nbsp;</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; MARGIN-TOP:0px; TEXT-INDENT:0.5in; page:WordSection2">On January 19, 2017, ITUS Corporation (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) issued a press release announcing its intention to conduct a subscription rights offering and certain important dates for the offering. The rights offering will be made pursuant to the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s effective registration statement on Form S-3 (Reg. No. 333-206782) on file with the U.S. Securities and Exchange Commission (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>SEC<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; MARGIN-TOP:0px; TEXT-INDENT:0.5in; page:WordSection2">&nbsp;</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; PADDING-BOTTOM:0px; MARGIN-TOP:0px; TEXT-INDENT:0.5in; page:WordSection2">Neither this Current Report on Form 8-K nor such press release constitutes an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any proposed offering referenced herein will be made only by means of a prospectus.</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; PADDING-BOTTOM:0px; MARGIN-TOP:0px; TEXT-INDENT:0.5in; page:WordSection2">&nbsp;</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; PADDING-BOTTOM:0px; MARGIN-TOP:0px; TEXT-INDENT:0.5in; page:WordSection2">In accordance with General Instruction B.2 of Form 8-K, the information contained in Exhibit 99.1 furnished as an exhibit hereto shall not be deemed <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>filed<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section, and shall not be deemed incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document. Item 9.01 Financial Statements and Exhibits.</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; page:WordSection2'><b><font style=FONT-SIZE:11pt><br>Item 9.01 Financial Statements and Exhibits.</font></b></p> <div style=page:WordSection2>&nbsp;</div> <div style=page:WordSection2><font style=FONT-SIZE:11pt>(d) Exhibits</font></div> <div style=page:WordSection2>&nbsp;</div> <div style=page:WordSection2><font style=FONT-SIZE:11pt>The following exhibits are filed with this Current Report on Form 8-K:</font></div> <div style=page:WordSection2>&nbsp;</div> <div style=page:WordSection2><font style=FONT-SIZE:11pt>Exhibit No.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;Description</font></div> <div style=page:WordSection2>&nbsp;</div> <div style=page:WordSection2>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release dated January 19, 2017</div> <div style=page:WordSection2> <div style=page:WordSection2>&nbsp;</div></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 8pt; LINE-HEIGHT:107%; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 8pt; LINE-HEIGHT:107%; page:WordSection2' align=center><font style="FONT-SIZE:11pt; LINE-HEIGHT:107%">2<b><br clear=all></b></font><b> <div style=page:WordSection2> <hr style=PAGE-BREAK-AFTER:always> </div></b> <p style=page:WordSection2> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","sans-serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; page:WordSection2' align=center>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","sans-serif"; TEXT-ALIGN:center; MARGIN:0in 0in 0pt; page:WordSection2' align=center><b><font style='FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman","serif"'>SIGNATURES</font></b></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'><font style=FONT-SIZE:11pt>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </font></p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt; TEXT-INDENT:0.5in; page:WordSection2'>&nbsp;</p> <div style=page:WordSection2> <table width=726 bordercolor=transparent style="WIDTH:544.2pt; BORDER-COLLAPSE:collapse; MARGIN-LEFT:-0.75pt" cellpadding=0 cellspacing=0> <tr style=HEIGHT:15pt> <td width=181 nowrap style="HEIGHT:15pt; WIDTH:135.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt'><font style="FONT-SIZE:11pt; COLOR:black">Dated: January 19, 2017</font></p></td> <td width=252 nowrap style="HEIGHT:15pt; WIDTH:188.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=28 nowrap style="HEIGHT:15pt; WIDTH:20.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=265 nowrap style="HEIGHT:15pt; WIDTH:198.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=181 nowrap style="HEIGHT:15pt; WIDTH:135.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=252 nowrap style="HEIGHT:15pt; WIDTH:188.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=28 nowrap style="HEIGHT:15pt; WIDTH:20.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=265 nowrap style="HEIGHT:15pt; WIDTH:198.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <tr style=HEIGHT:15pt> <td width=181 nowrap style="HEIGHT:15pt; WIDTH:135.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=252 nowrap style="HEIGHT:15pt; WIDTH:188.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=293 colspan=2 nowrap style="HEIGHT:15pt; WIDTH:3.05in; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:justify; MARGIN:0in 0in 0pt'><b><font style="FONT-SIZE:11pt; COLOR:black">ITUS CORPORATION</font></b></p></td></tr> <tr style=HEIGHT:15pt> <td width=181 nowrap style="HEIGHT:15pt; WIDTH:135.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=252 nowrap style="HEIGHT:15pt; WIDTH:188.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=28 nowrap style="HEIGHT:15pt; WIDTH:20.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=265 nowrap style="HEIGHT:15pt; WIDTH:198.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom /> </tr><tr style=HEIGHT:15pt> <td width=181 nowrap style="HEIGHT:15pt; WIDTH:135.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=252 nowrap style="HEIGHT:15pt; WIDTH:188.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=28 nowrap style="HEIGHT:15pt; WIDTH:20.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt'><font style="FONT-SIZE:11pt; COLOR:black">By:</font></p></td> <td width=265 nowrap style="BORDER-TOP:0px; HEIGHT:15pt; BORDER-RIGHT:0px; WIDTH:198.8pt; BORDER-BOTTOM:windowtext 1pt solid; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; BORDER-LEFT:0px; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt'><font style="FONT-SIZE:11pt; COLOR:black">/s/ Robert A. Berman</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=181 nowrap style="HEIGHT:15pt; WIDTH:135.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=252 nowrap style="HEIGHT:15pt; WIDTH:188.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=28 nowrap style="HEIGHT:15pt; WIDTH:20.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=265 nowrap style="HEIGHT:15pt; WIDTH:198.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt'><font style="FONT-SIZE:11pt; COLOR:black">Name: Robert A. Berman</font></p></td></tr> <tr style=HEIGHT:15pt> <td width=181 nowrap style="HEIGHT:15pt; WIDTH:135.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=252 nowrap style="HEIGHT:15pt; WIDTH:188.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=28 nowrap style="HEIGHT:15pt; WIDTH:20.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <td width=265 nowrap style="HEIGHT:15pt; WIDTH:198.8pt; PADDING-BOTTOM:0in; PADDING-TOP:0in; PADDING-LEFT:0in; PADDING-RIGHT:0in" valign=bottom> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 0pt'><font style="FONT-SIZE:11pt; COLOR:black">Title: President and Chief Executive Officer</font></p></td></tr></table></div> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; MARGIN:0in 0in 8pt; LINE-HEIGHT:107%; page:WordSection2'>&nbsp;</p> <p style='FONT-SIZE:12pt; FONT-FAMILY:"Times New Roman","serif"; TEXT-ALIGN:center; MARGIN:0in 0in 8pt; LINE-HEIGHT:107%; page:WordSection2' align=center><font style="FONT-SIZE:11pt; LINE-HEIGHT:107%">3</font></p></body>
<!-- EDGAR Validation Code: 0D5D3E23 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<head><title>Exhibit 99.1</title> </head> <body style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; COLOR:#000000; MARGIN-TOP:0px"> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:212px; MARGIN-TOP:3px; PADDING-RIGHT:14px" align=center><b><u><font style=FONT-SIZE:11pt>ITUS Announces Common Stock Rights Offering and Ownership Day</font></u></b></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:0px"><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; COLOR:#434343; PADDING-LEFT:8px; MARGIN-TOP:4px" align=justify><font style=FONT-SIZE:11pt><b>LOS ANGELES, CA <font style="FONT-FAMILY:Times New Roman">&#150;</font> January 19, 2017: </b><font style=COLOR:#000000>ITUS</font><font style=COLOR:#000000> </font><font style=COLOR:#000000>Corporation</font><font style=COLOR:#000000> </font><font style=COLOR:#000000>(<font style="FONT-FAMILY:Times New Roman">&#147;</font></font>ITUS<font style=COLOR:#000000><font style="FONT-FAMILY:Times New Roman">&#148;</font>)</font><font style=COLOR:#000000> </font>(NASDAQ: ITUS)</font><font style=COLOR:#000000>, a company developing Cchek<font style="FONT-FAMILY:Times New Roman">&#153;</font>, a cancer diagnostic platform based on the body<font style="FONT-FAMILY:Times New Roman">&#146;</font>s immunological response to a malignancy, today announced that its board of directors has approved a rights offering for ITUS shareholders of up to $12,000,000. The rights offering will include the non-transferable right to purchase one (1) share of ITUS common stock, at a discount, for each share of ITUS common stock owned by shareholders on the ownership day of Friday, February 10, 2017. &nbsp;The discounted price will be the lesser of (i) twenty-five percent (25%) discount to the volume weighted average price for ITUS common stock for the five (5) trading day period through and including Wednesday, February 15, 2017, the Record Date, subject to ITUS board approval and (ii) fifteen percent (15%) discount to the volume weighted average price for ITUS common stock for the five (5) trading day period &nbsp;through and including Friday, March 10, 2017. ITUS shareholders may elect to participate in the rights offering during the subscription period, which will begin on February 17, 2017, and is scheduled to end on March 10, 2017. The final discounted price will be announced on March 10, 2017 after market close and will be available on our website at www.ITUScorp.com.</font></font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:8px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>Robert Berman, ITUS<font style="FONT-FAMILY:Times New Roman">&#146;</font>s President and CEO stated, <font style="FONT-FAMILY:Times New Roman">&#147;</font>Instead of a more traditional financing structure where third parties that are new to the company receive beneficial terms that are dilutive to existing shareholders, this rights offering allows us to offer the benefit to our loyal shareholder base who have been supportive of the company. Based upon the progress that we have made with Cchek<font style="FONT-FAMILY:Times New Roman">&#153;</font>, we believe our prospects for success have never been higher and our shareholders are deserving of the opportunity to increase their participation in the upside of our company as we continue to reach important milestones towards the regulatory approval and commercialization of Cchek<font style="FONT-FAMILY:Times New Roman">&#153;</font><font style="FONT-FAMILY:Times New Roman">&#148;</font>. &nbsp;&nbsp;&nbsp;</font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:8px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>Proceeds from the rights offering will be used for general working capital purposes, including the continued development of Cchek<font style="FONT-FAMILY:Times New Roman">&#153;</font>, and to further strengthen the company<font style="FONT-FAMILY:Times New Roman">&#146;</font>s balance sheet by reducing the company<font style="FONT-FAMILY:Times New Roman">&#146;</font>s debt. Because the rights are not transferable, the rights cannot be sold, borrowed, assigned, or traded, and the only way to obtain the rights is to be a shareholder of record as of February 15, 2017.</font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:8px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>The proposed calendar for the 2017 rights offering is as follows:</font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:-1pt; FONT-SIZE:1pt; MARGIN-TOP:2px"></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; WIDTH:288px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:8px"><font style=FONT-SIZE:11pt>Friday, February 10</font></p> <p style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:288px; MARGIN:0px; PADDING-RIGHT:7px; TEXT-INDENT:-2px" align=justify><font style=FONT-SIZE:11pt>Ownership Day - last day to purchase ITUS common stock to receive rights. &nbsp;(must purchase by 4:00 P.M. Eastern Time to become a shareholder on the Record Date)</font></p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:-1pt; FONT-SIZE:1pt; MARGIN-TOP:2px"></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; WIDTH:288px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:8px"><font style=FONT-SIZE:11pt>Monday, February 13</font></p> <p style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:288px; MARGIN:0px; PADDING-RIGHT:7px; TEXT-INDENT:-2px" align=justify><font style=FONT-SIZE:11pt>ITUS trades Ex-Right</font></p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:-1pt; FONT-SIZE:1pt; MARGIN-TOP:2px"></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; WIDTH:288px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:8px"><font style=FONT-SIZE:11pt>Wednesday, February 15</font></p> <p style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:288px; MARGIN:0px; PADDING-RIGHT:7px; TEXT-INDENT:-2px" align=justify><font style=FONT-SIZE:11pt>Record Date (must own ITUS common stock to be eligible to receive rights) Maximum Price for rights offering is set.</font></p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:2px" align=justify><font style=FONT-SIZE:11pt><br><br></font></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p><font style=FONT-SIZE:11pt> <hr> <DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; WIDTH:288px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:8px"><font style=FONT-SIZE:11pt>Friday, February 17</font></p> <p style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:288px; MARGIN:0px; PADDING-RIGHT:7px; TEXT-INDENT:-2px" align=justify><font style=FONT-SIZE:11pt>Subscription Period begins</font></p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:-1pt; FONT-SIZE:1pt; MARGIN-TOP:2px"></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; WIDTH:288px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:8px"><font style=FONT-SIZE:11pt>Friday, March 10</font></p> <p style="FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:288px; MARGIN:0px; PADDING-RIGHT:7px; TEXT-INDENT:-2px" align=justify><font style=FONT-SIZE:11pt>Subscription Period ends at 5:00 pm eastern time (subject to extension of up to thirty (30) days at the discretion of the Company).</font></p> <p style="MARGIN-BOTTOM:0px; CLEAR:left; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:6px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>The company will announce any changes to the above schedule, and the company reserves the right to cancel the rights offering at any time prior to the closing of the rights offering. ITUS recommends that current ITUS shareholders consider notifying their broker or financial advisor about the upcoming rights offering to ensure they will maximize their ability to participate in the rights offering. </font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:6px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify>&nbsp;</p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:8px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>The rights offering will include an over subscription privilege, which will entitle each rights holder that exercises its basic subscription privilege the right to purchase additional shares of ITUS common stock that remain unsubscribed at the expiration of the rights offering. &nbsp;Both the basic and over-subscription privileges are subject to proration.</font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:6px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>Volume Weighted average pricing, commonly referred to as <font style="FONT-FAMILY:Times New Roman">&#147;</font>VWAP<font style="FONT-FAMILY:Times New Roman">&#148;</font>, is the average share price of a stock weighted against its trading volume within a particular time frame, which in this instance will be a trading day. VWAP will be calculated as the number of shares bought during a given day multiplied by the share price of each purchase, the product of which is divided by the total shares bought. For the convenience of our shareholders, ITUS will calculate and make available the applicable VWAP pricing referred to in the opening paragraph above.</font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:8px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>The rights offering will be made pursuant to ITUS<font style="FONT-FAMILY:Times New Roman">&#146;</font>s effective shelf registration statement on Form&nbsp;S-3 (Reg. No.&nbsp;333-206782) on file with the Securities and Exchange Commission (the <font style="FONT-FAMILY:Times New Roman">&#147;</font>SEC<font style="FONT-FAMILY:Times New Roman">&#148;</font>), and a prospectus supplement containing information about the company and the rights offering, which will include step by step, easy to follow, detailed instructions, will be filed with the SEC prior to the commencement of the rights offering and will be mailed to each shareholder holding shares on the record date. The Company has hired MacKenzie Partners, Inc. as its information agent to assist shareholders with the transaction. Prior to the mailing of the prospectus, general information about rights offerings and answers to frequently asked questions will be made available on the Investor section of the ITUS website, as well as at 1(800)322-2885. Live operator telephone support to assist shareholders will also be available from 8 am to 9 pm Eastern standard time on weekdays and from 10 am to 6 pm on Saturdays. </font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:8px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>Source Capital will act as dealer manager and placement agent agreement for the rights offering. Source Capital Group invites any broker dealers interested in participating in the rights offering to contact Source's syndicate department at <font style=COLOR:#333333><u>ITUS</u></font><font style=COLOR:#333333><u>@sourcegrp.com</u></font><font style=COLOR:#333333></font>.</font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt>&nbsp;</font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:2px" align=justify><font style=FONT-SIZE:11pt><br><br></font></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p><font style=FONT-SIZE:11pt> <hr> <DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:6px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt>The information herein is not complete and is subject to change. This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities. The offering can be made only by a final prospectus, including a prospectus supplement. Investors should consider investment objectives, risks, charges and expenses carefully before investing. The base prospectus included in the registration statement contains additional information about ITUS, and the prospectus supplement will contain additional information about the rights offering, and rights holders should read both carefully before exercising their rights and investing.</font></p> <p style=MARGIN:0px align=justify><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:6px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt><b>ITUS Corporation</font></b></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:'Times New Roman'; PADDING-LEFT:6px; MARGIN-TOP:2px; PADDING-RIGHT:7px" align=justify><font style=FONT-SIZE:11pt><u>ITUS</u> funds, develops, acquires, and licenses emerging technologies in areas such as biotechnology. &nbsp;The Company is developing a platform called Cchek<font style="FONT-FAMILY:Times New Roman">&#153;</font>, a series of non-invasive, blood tests for the early detection of solid tumor based cancers, which is based on the body<font style="FONT-FAMILY:Times New Roman">&#146;</font>s immunological response to the presence of a malignancy. &nbsp;Additional information is available at <u>www.ITUScorp.com</u>.</font></p> <p style=MARGIN:0px><font style=FONT-SIZE:11pt><br></font></p> <p style="MARGIN-BOTTOM:0px; FONT-FAMILY:Calibri,Times New Roman; PADDING-LEFT:6px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt># # #</font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; PADDING-LEFT:6px; MARGIN-TOP:9px; PADDING-RIGHT:7px; TEXT-INDENT:0px" align=justify><font style=FONT-SIZE:11pt><b>Forward-Looking Statements: </b>Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect ITUS Corporation's current expectations concerning future events and results. We generally use the words <font style="FONT-FAMILY:Times New Roman">&#147;</font>believes,<font style="FONT-FAMILY:Times New Roman">&#148;</font> <font style="FONT-FAMILY:Times New Roman">&#147;</font>expects,<font style="FONT-FAMILY:Times New Roman">&#148;</font> <font style="FONT-FAMILY:Times New Roman">&#147;</font>intends,<font style="FONT-FAMILY:Times New Roman">&#148;</font> <font style="FONT-FAMILY:Times New Roman">&#147;</font>plans,<font style="FONT-FAMILY:Times New Roman">&#148;</font> <font style="FONT-FAMILY:Times New Roman">&#147;</font>anticipates,<font style="FONT-FAMILY:Times New Roman">&#148;</font> <font style="FONT-FAMILY:Times New Roman">&#147;</font>likely,<font style="FONT-FAMILY:Times New Roman">&#148;</font> <font style="FONT-FAMILY:Times New Roman">&#147;</font>will<font style="FONT-FAMILY:Times New Roman">&#148;</font> and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in <font style="FONT-FAMILY:Times New Roman">&#147;</font>Item 1A <font style="FONT-FAMILY:Times New Roman">&#150;</font> Risk Factors<font style="FONT-FAMILY:Times New Roman">&#148;</font> and other sections of our Annual Report on Form 10-K for the fiscal year ended October 31, 2016 as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release.</font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:0px"><font style=FONT-SIZE:11pt><br></font></p> <p style="FONT-FAMILY:Breuer Text Medium,Times New Roman; PADDING-LEFT:6px; MARGIN:0px; PADDING-RIGHT:561px"><font style=FONT-SIZE:11pt>Contact: Dean Krouch</font></p> <p style="FONT-FAMILY:Breuer Text Medium,Times New Roman; PADDING-LEFT:6px; MARGIN:0px; LINE-HEIGHT:8.5pt" align=justify><font style=FONT-SIZE:11pt>310-484-5184</font></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:Breuer Text Medium,Times New Roman; COLOR:#434343; PADDING-LEFT:6px; MARGIN-TOP:3px" align=justify><font style=FONT-SIZE:11pt><u>dkr</u><u>ouch@ITUScorp.com</u></font></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:0px"><br></p> <p style="MARGIN-BOTTOM:0px; FONT-SIZE:11pt; FONT-FAMILY:Times New Roman; PADDING-LEFT:9px; MARGIN-TOP:5px">ITUS Corporation: <font style=FONT-SIZE:11pt>FOCUSED ON </font><font style=FONT-SIZE:11pt>INNOVATION<font style="FONT-FAMILY:Times New Roman">&#153;</font></font></p> <p style="MARGIN-BOTTOM:0px; MARGIN-TOP:5px"><br><br></p> <p style=MARGIN:0px><br></p></body>
<!-- EDGAR Validation Code: 86578066 -->
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
