secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0000934549-22-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acacia Q3 rev $15.9M (up 10x), GAAP NI $28.1M; Starboard deal lifts pro forma book value to $520M
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- Q3 revenue $15.9M vs $1.6M YoY; operating loss $11.4M improved from $12.7M loss.
- GAAP net income $28.1M ($0.02 EPS) vs $89.8M ($0.86 EPS) in Q3 2021.
- Realized gains of $36.1M offset by $36.4M unrealized losses; life science portfolio proceeds total $452.3M.
- Completed $40M share repurchase; repaid $55M of Starboard senior secured notes.
- Pro forma book value $520.1M ($5.22/share) after full recapitalization; Gavin Molinelli joins board as Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000093454922000072/0000934549-22-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000093454922000072/actg-20221110.htm
  HTML page:      https://secwatch.observer/filing/0000934549-22-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer