secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001104659-23-010589
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000110465923010589/0001104659-23-010589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000110465923010589/tm235294d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-010589

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