---
schema_version: "secwatch.filing_event.v1"
accession: "0000934549-23-000083"
form_type: "8-K"
ticker: "ACTG"
cik: "0000934549"
company_name: "ACACIA RESEARCH CORP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:48:38.022020+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Acacia Research Q2 net loss narrows to $18.8M; completes recapitalization with Starboard

## Summary
- GAAP net loss of $18.8M ($0.36 loss per share) vs $61.5M loss Q2 2022; revenue $7.9M (down 53% YoY).
- Operating loss $12.5M; Printronix contributed $7.5M revenue and $513K operating loss.
- Recapitalization on July 13: eliminated $60M notes and $94.9M derivative liabilities; issued 41.1M shares; Starboard now owns 61.2%.
- Cash and equity investments at fair value total $408M; adjusted book value post-recap $502.2M ($5.03/share).
- Life Sciences Portfolio generated $504.3M in proceeds vs $301.4M purchase price; held $67.9M book value at Q2 end.

## SEC filing metadata
- accession: 0000934549-23-000083
- form_type: 8-K
- ticker: ACTG
- cik: 0000934549
- company_name: ACACIA RESEARCH CORP
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/934549/000093454923000083/0000934549-23-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/934549/000093454923000083/actg-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000934549-23-000083
- JSON: https://secwatch.observer/filing/0000934549-23-000083.json
- Plain text: https://secwatch.observer/filing/0000934549-23-000083.txt

## Key facts
- Earnings Releases
  ACACIA RESEARCH CORP reported second quarter 2023 results: revenue $7.9 million, net income $18.8 million, EPS $0.36 per diluted share.
  - Period: second quarter 2023
  - Revenue: $7.9 million
  - Net income: $18.8 million
  - EPS: $0.36 per diluted share
  - Result: reported results
  source text: ◦ As a result of the Recapitalization Transactions, Starboard holds 61,123,595 shares of Common Stock, representing approximately 61.2% of Acacia’s Common Stock • Generated $7.9 million in consolidated revenue for the quarter compared to $16.7 million in revenue in the second quarter of 2022. • Recorded $1.4 million of net realized and unrealized losses during
  evidence_url: https://www.sec.gov/Archives/edgar/data/934549/000093454923000083/0000934549-23-000083-index.htm

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