{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-081460","form_type":"8-K","ticker":"ACTG","cik":"0000934549","company_name":"ACACIA RESEARCH CORP","filed_at":"2023-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.084637+00:00","generated_at":"2026-06-13T08:01:15.226136+00:00","sec_items":["3.02","8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Acacia Research completes recapitalization; Starboard converts preferred & exercises warrants, now owns 61.2%","bullets":["Starboard converted 350,000 Series A preferred shares into 9,616,746 common shares, including 27,704 for accrued dividends.","Starboard exercised 31,506,849 Series B warrants via note cancellation and cash, eliminating $60M in senior secured notes.","Company received ~$55M gross proceeds from the warrant exercise.","Starboard now holds 61,123,595 shares, or ~61.2% of outstanding common stock.","Acacia qualifies as a 'Controlled Company' under Nasdaq rules but is not currently relying on exemptions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-081460","json":"https://secwatch.observer/filing/0001104659-23-081460.json","markdown":"https://secwatch.observer/filing/0001104659-23-081460.md","text":"https://secwatch.observer/filing/0001104659-23-081460.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/934549/000110465923081460/0001104659-23-081460-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/934549/000110465923081460/tm2321256d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T08:01:15.226136+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}