secwatch.observer — SEC 8-K summary
======================================

Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0000934549-23-000027
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000093454923000027/0000934549-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000093454923000027/actg-20230316.htm
  HTML page:      https://secwatch.observer/filing/0000934549-23-000027

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