---
schema_version: "secwatch.filing_event.v1"
accession: "0000934549-23-000027"
form_type: "8-K"
ticker: "ACTG"
cik: "0000934549"
company_name: "ACACIA RESEARCH CORP"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T01:31:17.566131+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Acacia Research reports FY 2022 net loss of $125.1M; enters recapitalization with Starboard

## Summary
- Q4 revenue fell to $13.1M from $63.3M; GAAP net loss $18.4M ($0.50/diluted share) vs net income $204.2M.
- Full-year revenue $59.2M (down from $88.0M); net loss $125.1M ($3.13/share) vs net income $149.2M.
- Completed Series A warrant exercise for $9.3M net cash; rights offering raised $79.1M net in Q1 2023.
- Repaid $120M in Starboard Notes; repurchased $51M of shares during 2022 at avg $4.72/share.
- Adjusted pro forma book value would rise to $515.7M ($5.18/share) after recap transactions expected by July 2023.

## SEC filing metadata
- accession: 0000934549-23-000027
- form_type: 8-K
- ticker: ACTG
- cik: 0000934549
- company_name: ACACIA RESEARCH CORP
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/934549/000093454923000027/0000934549-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/934549/000093454923000027/actg-20230316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000934549-23-000027
- JSON: https://secwatch.observer/filing/0000934549-23-000027.json
- Plain text: https://secwatch.observer/filing/0000934549-23-000027.txt

## Key facts
- Earnings Releases
  ACACIA RESEARCH CORP reported the three months and full year ended December 31, 2022 results: revenue $13.1 million, net income GAAP net loss of $18.4 million, or $0.50 per diluted share, EPS $(0.50) per diluted share.
  - Period: the three months and full year ended December 31, 2022
  - Revenue: $13.1 million
  - Net income: GAAP net loss of $18.4 million, or $0.50 per diluted share
  - EPS: $(0.50) per diluted share
  - Result: reported results
  source text: $9.3 million net cash • Executed a Rights offering (and concurrent private Rights offering), raising $79.1 million in net proceeds in the first quarter of 2023. • Generated $13.1 million in consolidated revenue for the quarter, a decrease from $63.3 million in revenue in the same quarter last year. • Recorded $10.9 million in realized gains from the sale of
  evidence_url: https://www.sec.gov/Archives/edgar/data/934549/000093454923000027/0000934549-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.