Acacia begins rights offering up to $50.5M at $5.25/sh; signs new registration pact with Starboard

ACACIA RESEARCH CORP

Rights offering: one right for every four shares held as of Feb 13, 2023; each right allows purchase of one share at $5.25.
Subscription period runs Feb 14 to March 1, 2023; rights are non-transferable.
Starboard affiliates entered into amended registration rights agreement requiring a resale registration statement within 90 days of request.
Company to reimburse Starboard legal fees up to $25,000 per registration.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ACACIA RESEARCH CORP amended Registration Rights Agreement with certain affiliates of Starboard Value LP (effective 2023-02-14).

Action: amendment
Counterparty: certain affiliates of Starboard Value LP
Effective: 2023-02-14

Exact text from the filing

On February 14, 2023, Acacia Research Corporation (the “Company”) entered into an amended and restated registration rights agreement (the “Registration Rights Agreement”) with certain affiliates of Starboard Value LP (together with Starboard Value, LP, “Starboard”), as contemplated by the recapitalization agreement, dated as of October 30, 2022 (the “Recapitalization Agreement”), with Starboard.

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281 material agreements filed in the last 30 days. Browse all material agreements →

ACACIA RESEARCH CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-020686

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