Acacia Research extends Series B warrant cash exercise deadline to Sept 15 for Starboard talks

ACACIA RESEARCH CORP

Special Committee formed to review Starboard relationship; retained independent financial and legal advisors.
Cash exercise date for Series B Warrants extended from August 25, 2022 to September 15, 2022.
Warrants permit purchase of up to 100 million shares at $5.25 (cash) or $3.65 (note cancellation).
Extension provides time to negotiate simplified capital structure with increased resources.

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