News & Videos - ACACIA RESEARCH

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three and six months ended June 30, 2023. Key Business Highlights On July 13, 2023, completed its recapitalization transaction with Starboard Value LP, and as part of this transaction: Starboard converted 350,000 shares of Acacia’s Series A Convertible Preferred Stock into 9,616,746 shares of Common Stock, including 27,704 shares of Common Stock issued in respect of accrued...

Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its second quarter financial results after the market closes on Thursday, August 3, 2023. The Company will host a conference call on the same day to discuss these results at 4:30 p.m. ET/ 1:30 p.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, enter participant access code: 435061. The conference call will also be simultaneously webcasted on the...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three months ended March 31, 2023. Key Business Highlights Executed a Rights Offering (and concurrent private Rights Offering), raising $79.1 million in net proceeds. Generated $14.8 million in consolidated revenue for the quarter compared to $13.5 million in revenue in the first quarter of 2022. Recorded $2.0 million of net realized and unrealized gains during the quarter....

Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its first quarter 2023 financial results after the market closes on Thursday, May 11, 2023. The Company will host a conference call on the same day to discuss these results at 4:30 p.m. ET/ 1:30 p.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference conference ID 475927. The conference call will also be simultaneously webcasted on the...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three months and full year ended December 31, 2022. Key Business Highlights Completed an agreement to streamline the Company’s capital structure, further strengthen its financial position, and position it as a unique corporate acquisition platform with a strategic relationship to Starboard Value LP (“Starboard”). Gavin Molinelli, Partner and Portfolio Manager at...

Acacia Research Corporation (NASDAQ: ACTG) (“Acacia” or the “Company”) announced today that it has closed its previously-announced rights offering (the “Rights Offering”). The subscription period for the Rights Offering terminated at 5 p.m. Eastern time on March 1, 2023 (the “Expiration Time”). Starboard Value LP, a strategic investor in the Company, together with certain affiliates of Starboard Value LP (collectively, “Starboard”), received private subscription rights...

Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its fourth quarter and full-year 2022 financial results before market open on Thursday, March 16, 2023. The Company will host a conference call on the same day to discuss these results at 11:00 a.m. ET/ 8:00 a.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference conference ID 102754. The conference call will also be simultaneously webcasted...

Acacia Research Corporation (NASDAQ: ACTG) (“Acacia” or the “Company”) announced today that it has commenced its previously-announced rights offering (the “Rights Offering”). Under the terms of the Rights Offering, the Company will distribute non-transferable subscription rights to record holders (“Eligible Securityholders”) of the Company’s common stock (the “Common Stock”) held as of 5 p.m. Eastern time on February 13, 2023, the record date for the Rights Offering. The...

Acacia Research Corporation (NASDAQ: ACTG) (“Acacia” or the “Company”) announced today that it has fixed a record date for its previously announced proposed rights offering (the “Rights Offering”), as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on November 1, 2022. Under the terms of the Rights Offering, the Company will distribute non-transferable subscription rights to record holders (“Eligible Securityholders”) of...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today announced that Richard Rosenstein, the Company’s Chief Financial Officer, will step down from his position, effective at the close of business on January 27, 2023, to pursue another professional opportunity. Acacia thanks Mr. Rosenstein for his significant contributions and strong leadership during his tenure. Gavin Molinelli, Chairman of the Board of Directors (the “Board”), commented: “Rich has been a...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today announced that its Board of Directors (the “Board”) has been conducting an internal investigation into the apparent misconduct of former Chief Executive Officer Clifford Press. After the Board had informed Mr. Press that it was aware of potential instances of misconduct that could qualify for a termination for cause, Mr. Press resigned as both Chief Executive Officer and as a director of the Company. Mr....

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three and nine months ended September 30, 2022. Key Business Highlights Completed an agreement to streamline the Company’s capital structure, further strengthen its financial position, and position it as a unique corporate acquisition platform backed by Starboard Value LP (“Starboard”). Gavin Molinelli, Partner and Portfolio Manager at Starboard, has joined Acacia’s...

Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its third quarter 2022 financial results before market open on Thursday, November 10, 2022. The Company will host a conference call on the same day to discuss these results at 11:00 a.m. ET/ 8:00 a.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference conference ID 958547. The conference call will also be simultaneously webcasted on the...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) and Starboard Value LP (“Starboard”), an investment adviser with a focused and fundamental approach to investing in publicly traded U.S. companies, today announced an agreement to streamline the Company’s capital structure, further strengthen its financial position, and position it as a unique Starboard-backed corporate acquisition platform. As a result of the agreement, which provides for Starboard converting...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today provided an update on the Company’s relationship with Starboard Value LP (“Starboard”). As previously disclosed, the Board of Directors of Acacia Research Corporation had formed a Special Committee of directors not affiliated or associated with Starboard to review Starboard’s relationship with the Company with the objective of establishing a simplified capital structure with increased capital resources...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three and six months ended June 30, 2022. Key Business Highlights Generated $16.7 million in consolidated revenue for the quarter, down from $17.4 million in revenue in the second quarter of 2021. Recorded $11.5 million in realized gains during the quarter, including $5.2 million from the Life Science Portfolio. Repurchased 6.1 million shares at an average price of $4.64 as...

Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its second quarter 2022 financial results before market open on Thursday, August 11, 2022. The Company will host a conference call on the same day to discuss these results at 11:00 a.m. ET/ 8:00 a.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference conference ID 536777. The conference call will also be simultaneously webcasted on the...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three months ended March 31, 2022. The reported results reflect the contribution of Printronix Holding Corp. (“Printronix”), which was acquired on October 7, 2021. Key Business Highlights Generated $13.5 million in consolidated revenue for the quarter, up from $5.8 million in revenue in the first quarter of 2021, including $10.9 million in revenue contribution from...

Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its first quarter 2022 financial results before market open on Thursday, May 12, 2022. The Company will host a conference call on the same day to discuss these results at 11:00 a.m. ET/ 8:00 a.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference participant access code 199065. The conference call will also be simultaneously webcasted on the...

Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three months and full year ended December 31, 2021. The reported results reflect the contribution of Printronix Holding Corp. (“Printronix”), which was acquired on October 7, 2021. Acacia also reported preliminary results for the first quarter ending March 31, 2022. Key Business Highlights Completed the acquisition of Printronix, a leading manufacturer and distributor of...