secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000934549-23-000083
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000093454923000083/0000934549-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000093454923000083/actg-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000934549-23-000083

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