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Acacia Research Corporation (NASDAQ: ACTG) is a pioneering company operating at the intersection of intellectual property (IP) management and strategic business acquisition. With a proven track record in patent licensing, Acacia facilitates the monetization of intellectual property by partnering with patent owners to unlock financial value. Leveraging its deep expertise in legal and technological domains, the company acts as an intermediary in the patent market, enabling efficiency and delivering substantial monetary rewards to its partners. To date, Acacia has successfully generated significant revenue and returned a substantial portion of these earnings to its patent partners, underscoring its role as a trusted leader in the IP ecosystem.
Beyond its core focus on patent licensing, Acacia Research Corporation has expanded its operations to include the acquisition and management of businesses across the industrial, energy, and technology sectors. This diversified approach allows the company to leverage its significant capital base, operational expertise, and industry relationships to drive value creation. Acacia evaluates opportunities based on the intrinsic attractiveness of underlying cash flows, adopting a flexible investment strategy that prioritizes long-term value over short-term gains. This dual-focus business model positions Acacia as a unique player in its industry, combining the precision of IP management with the strategic vision of a diversified holding company.
Acacia’s operational philosophy is anchored in three core principles: people, process, and performance. The company has assembled a management team with extensive expertise in research, transaction execution, and operational management, enabling it to optimize the performance of its acquired businesses. By focusing on these principles, Acacia ensures that its acquisitions and partnerships are not only financially sound but also aligned with its broader strategic objectives.
Operating within the broader context of the intellectual property and private equity markets, Acacia faces competition from other patent monetization firms and investment entities targeting similar sectors. However, its ability to integrate deep legal and technological expertise with a disciplined approach to acquisitions sets it apart. Acacia’s unique blend of IP monetization and business acquisition capabilities creates a diversified revenue model that mitigates risk and enhances resilience against market fluctuations.
In summary, Acacia Research Corporation is a dynamic company that combines innovation in patent licensing with strategic business acquisitions to create value for its partners and stakeholders. Its dual-focus business model, underpinned by expertise, capital strength, and operational excellence, positions it as a key player in both the intellectual property and diversified investment spaces.
Acacia Research Corporation (NASDAQ: ACTG) will announce its third quarter 2022 financial results before the market opens on November 10, 2022. The company is hosting a conference call on the same day at 11:00 a.m. ET to discuss the results, which can be accessed by calling 888-506-0062 (U.S.) or 973-528-0011 (international), using conference ID 958547. The call will also be available via webcast on Acacia's investor relations website for 30 days post-event.
Acacia Research Corporation (NASDAQ: ACTG) announced a transformative agreement with Starboard Value LP, which will invest over $245 million and convert all ownership interests to common shares. CEO Clifford Press is retiring, with MJ McNulty appointed as interim CEO. The deal simplifies Acacia's capital structure, eliminating $133.2 million of derivative liabilities and $95 million in debt. A rights offering at $5.25 per share is planned, with Starboard committed to buy at least 15 million shares. Acacia's pro forma book value is set to rise by at least $265.7 million.
Acacia Research Corporation (ACTG) has extended the Cash Exercise Date for its Series B Warrants by four weeks, moving it from September 30, 2022 to October 28, 2022. This extension is part of the ongoing discussions between Acacia and Starboard Value LP aimed at simplifying capital structure and enhancing resources for growth. Acacia's CEO, Clifford Press, emphasized the progress made in establishing a suitable capital structure and the urgency in finalizing these arrangements.
Acacia Research Corporation (ACTG) reported a Q2 2022 revenue of $16.7 million, down from $17.4 million in Q2 2021. The company recorded $11.5 million in realized gains, including $5.2 million from its Life Science Portfolio. Acacia repurchased 6.1 million shares at an average price of $4.64 as part of a $40 million buyback program. Additionally, the company repaid $50 million in debt. However, there was a substantial GAAP net loss of $61.5 million compared to a net income of $19.7 million last year.
Acacia Research Corporation (NASDAQ: ACTG) will release its second quarter 2022 financial results on August 11, 2022, before market opening. A conference call will follow at 11:00 a.m. ET to discuss the results. To participate, dial 888-506-0062 or 973-528-0011 (international) with conference ID 536777. The call will also be available via webcast on the company’s website. Acacia Research focuses on acquiring undervalued businesses to create value through strategic acquisitions, leveraging expertise in corporate governance, operational restructuring, and access to capital.
Acacia Research reported Q1 2022 financial results, achieving $13.5 million in total revenue, a significant increase from $5.8 million in Q1 2021. This included $10.9 million from Printronix, acquired in October 2021. The company recorded $66.9 million in realized gains, primarily from its Life Science Portfolio, and completed a $15 million share repurchase. However, Acacia faced a $73.3 million net loss due to unrealized losses totaling $(172.2 million). The current book value decreased to $7.42 per share.
Acacia Research Corporation (NASDAQ: ACTG) will release its first quarter 2022 financial results before market open on May 12, 2022. A conference call is scheduled for the same day at 11:00 a.m. ET to discuss the results. Interested parties can access the live call by dialing 888-506-0062 for the U.S. or 973-528-0011 internationally, using access code 199065. The call will also be webcasted on the company’s website, with a replay available for 30 days.
Acacia Research Corporation (ACTG) reported strong financial results for the full year 2021, generating $149.2 million in net income, equating to $1.91 per diluted share. This performance was fueled by $76.0 million in revenue from its Intellectual Property segment and $116.1 million in realized gains primarily from its Life Sciences Portfolio. The company completed the acquisition of Printronix for $33 million, contributing $12.0 million to revenues. In 2022, it anticipates revenues between $13.0 million and $14.0 million for Q1, with a new $40 million stock repurchase program approved.
Acacia Research Corporation (NASDAQ: ACTG) will release its fourth quarter and year-end 2021 financial results on March 31, 2022, before the market opens. A conference call to discuss these results is scheduled for 11:00 a.m. ET. Interested parties can access the call by dialing 888-506-0062 in the U.S. or 973-528-0011 internationally. The call will also be webcast on Acacia's investor relations website. Acacia focuses on acquiring undervalued businesses, leveraging flexible capital and operational expertise across various sectors.
Acacia Research Corporation (NASDAQ: ACTG) has announced significant leadership changes, appointing Martin D. McNulty, Jr. as Chief Operating Officer and Head of M&A, and promoting Wesley L. Golby to Chief Investment Officer. McNulty brings extensive M&A experience, notably from his previous role at Starboard Value Acquisition Corp., where he led a $3.4 billion transaction. Golby has been with Acacia since August 2020, contributing to the acquisition strategy. These appointments are expected to enhance Acacia's operational capabilities and support its growth strategy.
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