ACACIA RESEARCH CORP — fact timeline

ACACIA RESEARCH CORP reported financial results for the three months ended March 31, 2026.

“On May 7, 2026, Acacia Research Corporation (the “Corporation”) issued a press release announcing its financial results for the quarter ended March 31, 2026.”

ACACIA RESEARCH CORP reported the year ended December 31, 2025 results: revenue $285.2 million.

“cacia Research Corporation Reports Fourth Quarter and Year End 2025 Financial Results Record Full-Year Revenue of $285.2 million, Up 133% Year Over Year GAAP Net Income of $3.4 million and GAAP Diluted EPS of $0.04 for the Quarter Adjusted Net Income 1 of $3.1 million and Adjusted Diluted EPS 1 of $0.03 for the Quarter Total Company Adjusted EBITDA 1 of $17.4 million and Operated Segment Adjusted EBITDA 1 of $22.4 million for the Quarter Total Cash, Cash Equivalents, Equity Securities Measured at Fair Value and Loans Receivable of $339.6 million, or $3.52 per share, at Year End New York, NY, March 11, 2026 - Acacia Research Corporation (Nasdaq: ACTG) (“ Acacia ” or the “ Company ”), which acquires and operates businesses across the industrial, energy and technology sectors, today reported financial results for the three months and year ended December 31, 2025.”

ACACIA RESEARCH CORP reported the three months ended December 31, 2025 results: revenue $50.1 million, net income $3.4 million, EPS $0.04.

“Martin (“MJ”) D. McNulty, Jr., Chief Executive Officer, stated, “Acacia delivered strong financial and operating results for the fourth quarter, as we recorded total revenue of $50.1 million, Total Company Adjusted EBITDA of $17.4 million and Operated Segment Adjusted EBITDA of $22.4 million, with all metrics increasing year-over-year. This quarter marked the”

Kirsten Hoover changed role as Controller at ACACIA RESEARCH CORP.

“Kirsten Hoover, who has served as Acacia’s Interim Chief Financial Officer and Controller as well as the Company’s principal financial officer and principal accounting officer, will continue to serve as the Company’s Controller and will remain a key member of Acacia’s senior management team.”

Michael Zambito was appointed as Chief Financial Officer at ACACIA RESEARCH CORP.

“On June 24, 2025, the Board of Directors (the “Board”) of Acacia Research Corporation (“Acacia” or the “Company”) appointed Michael Zambito as the Company’s Chief Financial Officer (“CFO”).”

ACACIA RESEARCH CORP completed an acquisition involving Deflecto Holdings, LLC and Evriholder Finance LLC for $103.7 million (closed 2024-10-18).

“October 18, 2024. Purchase Price. Under the terms and conditions of the Stock Purchase Agreement, the aggregate consideration paid to the Sellers in the Transaction consisted of $103.7 million, subject to certain working capital, debt and other customary adjustments set forth in the Stock Purchase Agreement (the “Purchase Price”). The Purchase Price was funded with a”

ACACIA RESEARCH CORP reported quarter ended March 31, 2024 results: revenue 24.3, net income -0.2, EPS 0.00.

“data) Three Months Ended March 31, 2024 2023 (unaudited) Intellectual property operations $ 13.6 $ 4.2 Industrial operations 8.8 10.6 Energy operations 1.9 — Total revenues $ 24.3 $ 14.8 Operating loss $ (2.1) $ (9.3) Unrealized (losses) gains 1 $ (26.7) $ 3.3 Realized gains (losses) $ 28.9 $ (1.4) Legal liability fee $ (6.2) $ — Non-cash derivative”

ACACIA RESEARCH CORP completed an acquisition involving Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC for $145 million in cash (closed 2024-04-17).

“of the Purchase Agreement (such purchase and sale, together with the other transactions contemplated by the Purchase Agreement, the “Transaction”) for a purchase price of $145 million in cash (the “Purchase Price”), subject to customary post-closing adjustments. The Company’s contribution to Benchmark to fund its portion of the Purchase Price and related fees”

ACACIA RESEARCH CORP incurred revolving credit of maximum aggregate credit amount of $150 million, of which approximately $85 million was available at the Closing Date, a with Frost Bank as Administrative Agent; BE Anadarko II, LLC as Borrower at Adjusted Term SOFR Margin Rate plus a margin of 3.00% to 4.00% maturing three years from the Closing Date.

“On the Closing Date (defined below) in connection with the Transaction (defined below), BE Anadarko II, LLC (“BE Anadarko”), a subsidiary of Benchmark Energy II, LLC (together with its subsidiaries, “Benchmark”), a majority-owned subsidiary of Acacia Research Corporation (the “Company”), entered into a Loan Agreement (the “Loan Agreement”), by and among BE Anadarko, as Borrower, Frost Bank, as Administrative Agent and LC Issuer (“Frost Bank”), and the lenders from time to time party thereto (the “Lenders”), governing a new revolving credit facility (the “Revolving Credit Facility”), with a maximum aggregate credit amount of $150 million, of which approximately $85 million was available at the Closing Date, that BE Anadarko may draw upon from time to time subject to the terms and conditions set forth in the Loan Agreement. The Revolving Credit Facility will mature three years from the Closing Date and includes a letter of credit subfacility. On the Closing Date, $82.7 million, including”

ACACIA RESEARCH CORP entered into Loan Agreement with Frost Bank, as Administrative Agent and LC Issuer, and the lenders from time to time party thereto valued at $150 million.

“BE Anadarko II, LLC (“BE Anadarko”), a subsidiary of Benchmark Energy II, LLC (together with its subsidiaries, “Benchmark”), a majority-owned subsidiary of Acacia Research Corporation (the “Company”), entered into a Loan Agreement (the “Loan Agreement”), by and among BE Anadarko, as Borrower, Frost Bank, as Administrative Agent and LC Issuer (“Frost Bank”), and the lenders from time to time party thereto (the “Lenders”), governing a new revolving credit facility (the “Revolving Credit Facility”), with a maximum aggregate credit amount of $150 million”

ACACIA RESEARCH CORP reported financial results for the year ended December 31, 2023.

“On March 14, 2024, Acacia Research Corporation (the “Corporation) issued a press release announcing its financial results for the year ended December 31, 2023.”

ACACIA RESEARCH CORP reported financial results for the year ended December 31, 2023.

“On March 14, 2024, Acacia Research Corporation (the “Corporation) issued a press release announcing its financial results for the year ended December 31, 2023.”

ACACIA RESEARCH CORP entered into Purchase and Sale Agreement with Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC valued at $145 million in cash (effective 2024-03-01).

“On February16, 2024, Benchmark Energy II, LLC (together with its subsidiaries, “Benchmark”), a majority-owned subsidiary of Acacia Research Corporation (the “Company”), entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC (collectively, “Revolution”).”

Ajay Sundar was appointed as Director at ACACIA RESEARCH CORP.

“On February 13, 2024, Ajay Sundar, Managing Director at Starboard Value LP (“Starboard Value”), was appointed as a director of the Company to serve until the Company’s 2024 annual meeting of stockholders and until his successor is duly elected and qualified.”

Jonathan Sagal resigned as Director at ACACIA RESEARCH CORP.

“On February 12, 2024, Jonathan Sagal, a member of the Board of Directors of Acacia Research Corporation (the “Company”), notified the Company of his intention to resign as a director of the Company, effective February 13, 2024.”

Martin D. McNulty, Jr. was appointed as Director at ACACIA RESEARCH CORP.

“the Board expanded the size of the Board from six to seven directors and the Board appointed Mr. McNulty as a director of the Company”

Martin D. McNulty, Jr. was appointed as Chief Executive Officer at ACACIA RESEARCH CORP.

“On February 13, 2024, the Board of Directors (the “Board”) of Acacia Research Corporation (the “Company”) appointed Martin D. McNulty, Jr. as the Company’s Chief Executive Officer on a permanent basis.”

ACACIA RESEARCH CORP completed a disposition involving RTW Biotech Opportunities Operating Ltd for US$57,078,670.12 in aggregate (representing £1.43 per share at an exchange rate of 1.2087 USD/GBP) (closed 2024-01-19).

“On January 19, 2024, Acacia Research Corporation (the “Company”) completed the sale of its 33,023,210 shares of Arix Bioscience PLC (“Arix”) to RTW Biotech Opportunities Operating Ltd, a subsidiary of RTW Biotech Opportunities Limited, for US$57,078,670.12 in aggregate (representing £1.43 per share at an exchange rate of 1.2087 USD/GBP).”

ACACIA RESEARCH CORP reported financial results for three and nine months ended September 30, 2023.

“On November 13, 2023, Acacia Research Corporation (the "Corporation) issued a press release announcing its financial results for the quarter ended September 30, 2023.”

ACACIA RESEARCH CORP reported second quarter 2023 results: revenue $7.9 million, net income $18.8 million, EPS $0.36 per diluted share.

“◦ As a result of the Recapitalization Transactions, Starboard holds 61,123,595 shares of Common Stock, representing approximately 61.2% of Acacia’s Common Stock • Generated $7.9 million in consolidated revenue for the quarter compared to $16.7 million in revenue in the second quarter of 2022. • Recorded $1.4 million of net realized and unrealized losses during”

ACACIA RESEARCH CORP: Filed Certificate of Retirement to reduce authorized shares of Series A Convertible Preferred Stock by 350,000, eliminating all authorized shares of that series (effective 2023-07-28).

“On July 28, 2023, the Company filed with the Delaware Secretary of State a Certificate of Retirement (the “Certificate of Retirement”) of the Series A Convertible Preferred Stock to effect the retirement of the Series A Convertible Preferred Stock so converted. Effective upon filing, the Certificate of Retirement amended the Third Amended and Restated Certificate of Incorporation of the Company, as amended, to reduce the total number of authorized shares of Series A Convertible Preferred Stock by 350,000 shares such that there are no remaining authorized shares of Series A Convertible Preferred Stock.”

ACACIA RESEARCH CORP: Updated to permit majority of independent directors to appoint Lead Independent Director, implement procedural requirements for stockholder proposals, permit stockholders holding 10% voting power to call special meeting, clarify remote meetings and director removal, remove Section 2.14, and other co (effective 2023-07-27).

“The Fifth Amended and Restated Bylaws have been updated to: (a) permit a majority of independent directors to appoint a Lead Independent Director who may, among other things, call a special meeting of stockholders; (b) implement procedural and other requirements regarding proposals by stockholders for director nominations and other business to be conducted at a meeting of stockholders, including to ensure compliance with Rule 14a-19 of the Securities Exchange Act of 1934, as amended; (c) permit the Secretary of the Company, upon the written request of one or more stockholders of record of the Company that hold at least ten percent (10%) in voting power of the outstanding shares of the stock of the Company, to call a special meeting of stockholders; (d) consistent with the provisions of the General Corporation Law of the State of Delaware, clarify that stockholder meetings may be held solely by means of remote communication and that directors may be removed with or without cause by the”

ACACIA RESEARCH CORP: Certificate of Retirement filed to reduce authorized shares of Series A Convertible Preferred Stock by 350,000 shares, returning them to authorized but unissued preferred stock.

“On July [•], 2023, the Company filed with the Delaware Secretary of State a Certificate of Retirement (the “Certificate of Retirement”) of the Series A Convertible Preferred Stock to effect the retirement of the Series A Convertible Preferred Stock so converted.”

ACACIA RESEARCH CORP: Fifth Amended and Restated Bylaws approved, implementing changes including Lead Independent Director, updated stockholder proposal procedures, special meeting calling rights, remote meeting and director removal clarifications, and removal of former Section 2.14 (effective 2023-07-27).

“On July 27, 2023, the Board of Directors (the “Board”) of Acacia Research Corporation (the “Company”) approved the Fifth Amended and Restated Bylaws of the Company (the “Fifth Amended and Restated Bylaws”).”

ACACIA RESEARCH CORP shareholders approved To approve the vote to amend the Amended and Restated Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock (the “Certificate of Designations”) to remove the Maximum Percentage limitation, as defined in the Certificate of Designation. at the 2023-05-16 meeting.

“Proposal No. 5: To approve the vote to amend the Amended and Restated Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock (the “Certificate of Designations”) to remove the Maximum Percentage limitation, as defined in the Certificate of Designation. Votes For Votes Against Votes Abstaining Broker Non-Votes 46,582,135 626,642 77,243 9,322,262”

ACACIA RESEARCH CORP shareholders approved To approve, on a non-binding, advisory vote, the frequency of future advisory votes on the compensation of the Company’s named executive officers. at the 2023-05-16 meeting.

“Proposal No. 4: To approve, on a non-binding, advisory vote, the frequency of future advisory votes on the compensation of the Company’s named executive officers. 1 Year 2 Years 3 Years Abstain Broker Non-Votes 44,147,236 17,395 2,194,380 927,009 9,322,262”

ACACIA RESEARCH CORP shareholders approved To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers. at the 2023-05-16 meeting.

“Proposal No. 3: To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers. Votes For Votes Against Votes Abstaining Broker Non-Votes 45,156,929 1,293,860 835,231 9,322,262”

ACACIA RESEARCH CORP shareholders approved To ratify the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-05-16 meeting.

“Proposal No. 2: To ratify the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Votes Abstaining Broker Non-Votes 56,439,305 158,846 10,131”

ACACIA RESEARCH CORP shareholders approved To elect six directors to serve on the Company’s Board of Directors until the 2024 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified. at the 2023-05-16 meeting.

“Proposal No. 1: To elect six directors to serve on the Company’s Board of Directors until the 2024 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified. Directors For Against Abstain Broker Non-Votes Gavin Molinelli 46,483,100 790,095 12,825 9,322,262 Isaac T. Kohlberg 45,582,007 1,694,410 9,603 9,322,262 Maureen O’Connell 46,042,948 1,233,470 9,602 9,322,262 Geoff Ribar 46,018,331 1,254,864 12,825 9,322,262 Jonathan Sagal 46,179,591 1,096,676 9,753 9,322,262 Katharine Wolanyk 43,429,688 3,843,646 12,686 9,322,262”

ACACIA RESEARCH CORP reported three months ended March 31, 2023 results: revenue $14.8 million, net income $9.4 million, EPS $(0.07) per diluted share.

“Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three months ended March 31, 2023. Key Business Highlights • Executed a Rights Offering (and concurrent private Rights Offering), raising $79.1 million in net proceeds. • Generated $14.8 million in consolidated revenue for the quarter compared to $13.5 million in revenue in the first quarter of 2022. • Recorded $2.0 million of net realized and unrealized gains during the quarter. First Quarter 2023 Financial Highlights (In millions, except per share data) Three Months Ended March 31, 2023 2022 (unaudited) Intellectual property operations $ 4.2 $ 2.6 Industrial operations 10.6 10.9 Total revenues $ 14.8 $ 13.5 Operating loss $ (9.3) $ (8.5) Unrealized gains (losses) 1 $ 3.3 $ (172.2) Realized (losses) gains $ (1.4) $ 66.9 Non-cash derivative liability gain 2 $ 16.7 $ 28.1 GAAP Net income (loss) $ 9.4 $ (73.3) GAAP Diluted loss per share $ (0.07) $ (1.61)”

ACACIA RESEARCH CORP reported the three months and full year ended December 31, 2022 results: revenue $13.1 million, net income GAAP net loss of $18.4 million, or $0.50 per diluted share, EPS $(0.50) per diluted share.

“$9.3 million net cash • Executed a Rights offering (and concurrent private Rights offering), raising $79.1 million in net proceeds in the first quarter of 2023. • Generated $13.1 million in consolidated revenue for the quarter, a decrease from $63.3 million in revenue in the same quarter last year. • Recorded $10.9 million in realized gains from the sale of”

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

“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.”

Kirsten Hoover was appointed as interim Chief Financial Officer at ACACIA RESEARCH CORP.

“Effective January 28, 2023, Kirsten Hoover, the Company’s Corporate Controller, will be appointed as interim Chief Financial Officer of the Company”

Richard Rosenstein resigned as Chief Financial Officer at ACACIA RESEARCH CORP.

“On January 3, 2023, Richard Rosenstein tendered his resignation as the Chief Financial Officer of Acacia Research Corporation, a Delaware corporation (the “ Company ”), effective as of January 27, 2023”

Lawrence Wesley Golby resigned as Chief Investment Officer at ACACIA RESEARCH CORP.

“Effective November 28, 2022, Lawrence Wesley Golby mutually agreed with Acacia Research Corporation (the “Company”) to resign from his position as the Company’s Chief Investment Officer.”

ACACIA RESEARCH CORP reported financial results for the three and nine months ended September 30, 2022.

“On November 10, 2022, Acacia Research Corporation (the "Corporation) issued a press release announcing its financial results for the quarter ended September 30, 2022.”

Martin D. McNulty Jr. was appointed as interim Chief Executive Officer at ACACIA RESEARCH CORP.

“Effective November 1, 2022, Martin D. McNulty Jr., the Company’s current Chief Operating Officer and Head of M&A, was appointed interim Chief Executive Officer of the Company and will serve as the Principal Executive Officer of the Company.”

Clifford Press resigned as Member of the Board of Directors at ACACIA RESEARCH CORP.

“Effective November 1, 2022, Clifford Press resigned as the Chief Executive Officer and President of Acacia Research Corporation, a Delaware corporation (the “ Company ”), and as a member of the Board of Directors of the Company (the “ Board ”).”

Clifford Press resigned as Chief Executive Officer and President at ACACIA RESEARCH CORP.

“Effective November 1, 2022, Clifford Press resigned as the Chief Executive Officer and President of Acacia Research Corporation, a Delaware corporation (the “ Company ”), and as a member of the Board of Directors of the Company (the “ Board ”).”

ACACIA RESEARCH CORP entered into Recapitalization Agreement with Starboard Value LP, a Delaware limited partnership (the "Designee") and the Investors (as defined in the Recapitalization Agreement) (effective 2022-10-30).

“On October 30, 2022, Acacia Research Corporation, a Delaware corporation (the “ Company ”), entered into a Recapitalization Agreement (the “ Recapitalization Agreement ”) with Starboard Value LP, a Delaware limited partnership (the “ Designee ”) and the Investors (as defined in the Recapitalization Agreement)”

Gavin Molinelli was appointed as Chair of the Company’s Board at ACACIA RESEARCH CORP.

“Gavin Molinelli, Partner and Portfolio Manager at Starboard was appointed as Chair of the Company’s Board”

Martin D. McNulty Jr. was appointed as interim Chief Executive Officer at ACACIA RESEARCH CORP.

“Martin D. McNulty Jr., the Company’s current Chief Operating Officer and Head of M&A, has been appointed as interim Chief Executive Officer.”

Clifford Press retired as Chief Executive Officer at ACACIA RESEARCH CORP.

“Clifford Press will retire from his CEO and Board position”

Kirsten Hoover was appointed as Principal Accounting Officer at ACACIA RESEARCH CORP.

“On April 25, 2022, the board of directors of Acacia Research Corporation (the “Company”) appointed Ms. Kirsten Hoover as its principal accounting officer (“PAO”).”

Wesley L. Golby was appointed as Chief Investment Officer at ACACIA RESEARCH CORP.

“On March 10, 2022, Wesley L. Golby was appointed to serve as Chief Investment Officer of Acacia.”

Martin D. McNulty Jr. was appointed as Chief Operating Officer and Head of M&A at ACACIA RESEARCH CORP.

“Appointment of Martin D. McNulty Jr. as Chief Operating Officer and Head of M&A On March 10, 2022, Martin D. McNulty Jr. joined Acacia Research Corporation (“Acacia”) as Chief Operating Officer and Head of M&A.”

Clifford Press changed role as President at ACACIA RESEARCH CORP.

“Clifford Press, the Company’s Chief Executive Officer, will assume the role of President and, in connection with him assuming such role, his compensation will not change.”

Alfred V. Tobia, Jr. resigned as President and Chief Investment Officer and Director at ACACIA RESEARCH CORP.

“On September 9, 2021, Acacia Research Corporation (the “Company”) accepted the resignation of Alfred V. Tobia, Jr., President and Chief Investment Officer and a member of the Company’s board of directors.”