secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001104659-23-020686
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000110465923020686/0001104659-23-020686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000110465923020686/tm236075d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-020686

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