other material
confidence high
sentiment neutral
materiality 0.50
Acacia extends Series B warrant cash exercise date to Sep 30 for Starboard resolution
ACACIA RESEARCH CORP
- Second Warrant Amendment extends Cash Exercise Date from Sep 15 to Sep 30, 2022.
- Extension allows additional time for Special Committee and Starboard to reach resolution on capital structure.
- Series B Warrants cover up to 100M shares; exercise prices: $5.25 (cash) or $3.65 (note cancellation or cash for 31.5M warrants).
- Prior amendment on Aug 24, 2022 extended from Aug 25 to Sep 15; now further extended.