Acacia sets Feb 13 record date for rights offering at $5.25 per share, 1:4 ratio

ACACIA RESEARCH CORP

Record date fixed as Feb 13, 2023; subscription period runs Feb 14 to Mar 1, 2023.
Eligible holders receive one non-transferable right per four shares to buy one share at $5.25.
Starboard Value LP receives concurrent private rights offering on substantially same terms.
Net proceeds to be used for general corporate purposes and to fund acquisitions platform.
Rights offering conditioned on completion of concurrent private rights offering with Starboard.

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