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Acacia Research Corp (ACTG.OQ)

ACTG.OQ on NASDAQ Stock Exchange Global Select Market

3.48USD
23 Sep 2020
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Latest Key Developments (Source: Significant Developments)

Acacia Research Entered Into Exchange Agreement With Merton Acquisition Holdco Llc, Unit Of Merton And Starboard Value LP
Wednesday, 8 Jul 2020 

July 7 (Reuters) - Acacia Research Corp ::ACACIA RESEARCH CORP - ENTERED INTO EXCHANGE AGREEMENT WITH MERTON ACQUISITION HOLDCO LLC, UNIT OF MERTON AND STARBOARD VALUE LP.ACACIA RESEARCH - UNDER AGREEMENT, HOLDERS OF OLD NOTES EXCHANGED OUTSTANDING AMOUNT FOR NEW SENIOR NOTES ISSUED BY MERTON HAVING AMOUNT OF $115 MILLION.ACACIA RESEARCH - NEW NOTES BEAR INTEREST AT RATE OF 6.00% PER ANNUM & WILL MATURE DECEMBER 31, 2020.  Full Article

Acacia Agrees To Acquire Portfolio Of Life Science Assets For £223.9 Mln
Friday, 5 Jun 2020 

June 5 (Reuters) - Acacia Research Corp ::ACACIA AGREES TO ACQUIRE PORTFOLIO OF LIFE SCIENCE ASSETS FOR £223.9 MILLION.ACACIA RESEARCH CORP - TRANSACTION WILL BE FINANCED WITH $35 MILLION IN CASH CURRENTLY IN ESCROW.ACACIA RESEARCH - AGREEMENT WITH LINK FUND SOLUTIONS TO PURCHASE SHARES IN UP TO 19 PUBLIC & PRIVATE LIFE SCIENCES COS FROM LF EQUITY INCOME FUND.ACACIA RESEARCH CORP - TRANSACTION WILL ALSO BE FINANCED BY ISSUANCE OF $115 MILLION IN NEW STARBOARD NOTES.ACACIA RESEARCH - AMENDED AGREEMENT WITH STARBOARD TO ALLOW CO TO REDUCE ITS DIVIDEND AND INTEREST EXPENSE.ACACIA RESEARCH CORP - TRANSACTION WILL ALSO BE FINANCED BY CASH ON HAND.  Full Article

Acacia Research Says Effective As Of May 29, Richard Rosenstein Was Appointed CFO
Friday, 5 Jun 2020 

June 4 (Reuters) - Acacia Research Corp ::ACACIA RESEARCH - EFFECTIVE AS OF MAY 29, RICHARD ROSENSTEIN WAS APPOINTED CFO OF CO.  Full Article

Acacia Research Reports Q1 Loss Per Share $0.24
Monday, 11 May 2020 

May 11 (Reuters) - Acacia Research Corp ::ACACIA RESEARCH REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS.Q1 GAAP LOSS PER SHARE $0.24.Q1 REVENUE $3.8 MILLION.CASH AND TRADING SECURITIES TOTALED $158.1 MILLION AS OF MARCH 31, 2020.  Full Article

Acacia Research Reports Q4 GAAP Earnings Per Share Of $0.01
Thursday, 12 Mar 2020 

March 12 (Reuters) - Acacia Research Corp ::ACACIA RESEARCH REPORTS FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS.Q4 GAAP EARNINGS PER SHARE $0.01.Q4 REVENUE $688,000.  Full Article

Acacia Research Announces Strategic Partnership With Starboard Value
Monday, 18 Nov 2019 

Nov 18 (Reuters) - Acacia Research Corp ::ACACIA RESEARCH ANNOUNCES STRATEGIC PARTNERSHIP WITH STARBOARD VALUE.ACACIA RESEARCH CORP - AGREEMENT WITH STARBOARD VALUE TO PROVIDE UP TO $400 MILLION IN ADDITIONAL CAPITAL FOR STRATEGIC INVESTMENTS AND ACQUISITIONS.ACACIA RESEARCH CORP - STARBOARD HAS MADE A $35 MILLION INVESTMENT IN ACACIA.ACACIA RESEARCH CORP - JONATHAN SAGAL, MANAGING DIRECTOR OF STARBOARD, JOINED ACACIA'S BOARD OF DIRECTORS.ACACIA RESEARCH - CO MAY ISSUE UP TO $365 MILLION IN SENIOR SECURED NOTES DUE 2027 WITH A CASH INTEREST RATE OF 6% TO STARBOARD.ACACIA RESEARCH CORP - CO RESERVED RIGHT TO OFFER EXISTING ACACIA STOCKHOLDERS OPPORTUNITY TO PURCHASE UP TO $100 MILLION IN NOTES.ACACIA RESEARCH CORP - ENTERED INTO A GOVERNANCE AGREEMENT WITH STARBOARD.ACACIA RESEARCH CORP - JONATHAN SAGAL OF STARBOARD HAS JOINED BOARD & HAS RIGHT TO APPOINT 2 ADDITIONAL DIRECTORS.ACACIA RESEARCH CORP - ENTERED INTO A REGISTRATION RIGHTS AGREEMENT WITH STARBOARD.  Full Article

Acacia Research Sees FY Revenue Between $15 Million And $20 Million
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Acacia Research Corp ::ACACIA RESEARCH REPORTS THIRD QUARTER FINANCIAL RESULTS.Q3 GAAP LOSS PER SHARE $0.15.Q3 REVENUE $1.7 MILLION.SEES FY REVENUE $15 MILLION TO $20 MILLION.  Full Article

Acacia Research Corp - Clifford Press Named Chief Executive Officer, Alfred Tobia Named Chief Investment Officer
Tuesday, 10 Sep 2019 

Acacia Research Corp ::ACACIA RESEARCH APPOINTS EXECUTIVE LEADERSHIP.ACACIA RESEARCH CORP - CLIFFORD PRESS NAMED CHIEF EXECUTIVE OFFICER, ALFRED TOBIA NAMED CHIEF INVESTMENT OFFICER.ACACIA RESEARCH CORP - APPOINTMENTS ARE EFFECTIVE IMMEDIATELY.  Full Article

Acacia Research Reports Q2 Loss Per Share Of $0.12
Tuesday, 6 Aug 2019 

Aug 5 (Reuters) - Acacia Research Corp ::ACACIA RESEARCH REPORTS SECOND QUARTER FINANCIAL RESULTS.Q2 REVENUE $5.5 MILLION.Q2 NON-GAAP LOSS PER SHARE $0.04.Q2 GAAP LOSS PER SHARE $0.12.SEES FY 2019 REVENUE ABOUT $25 MILLION.  Full Article

Acacia Research Q1 Revenue $3.4 Million
Friday, 10 May 2019 

May 9 (Reuters) - Acacia Research Corp ::ACACIA RESEARCH REPORTS FIRST QUARTER FINANCIAL RESULTS.Q1 REVENUE $3.4 MILLION.Q1 NON-GAAP LOSS PER SHARE $0.10.Q1 GAAP LOSS PER SHARE $0.09.SEES FY 2019 REVENUE ABOUT $25 MILLION.FOR FULL YEAR 2019, WE CONTINUE TO EXPECT GROSS REVENUES OF APPROXIMATELY $25 MILLION, ALL FROM EXISTING PORTFOLIO.CASH AND SHORT-TERM INVESTMENTS TOTALED $167.9 MILLION AS OF MARCH 31, 2019, AS COMPARED TO $165.5 MILLION AS OF DECEMBER 31, 2018.  Full Article

Link to raise $284 million from sale of ex-Woodford fund healthcare assets

Fund administrator Link Fund Solutions said it will sell up to 19 healthcare assets in the LF Equity Income fund formerly run by Neil Woodford for 223.9 million pounds ($284 million) to Acacia Research Corp as it seeks to recoup cash for investors.