Acacia Research repays $55M of notes, extends maturity on remaining $60M to July 2023

ACACIA RESEARCH CORP

Repaid $5M of June 2020 Merton Notes and $50M balance of March 2021 Merton Notes for total $55M.
After repayment, $60M aggregate principal of June 2020 Merton Notes remains outstanding.
Maturity date for remaining notes extended from prior date to July 14, 2023.
Agreement entered with Starboard Value LP, which controls the notes.
Company's Material Subsidiaries and representations about liabilities provided in exhibits.

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