Welcome to our dedicated page for Acacia Resh news (Ticker: ACTG), a resource for investors and traders seeking the latest updates and insights on Acacia Resh stock.
Acacia Research Corp (ACTG) delivers strategic value through patent licensing expertise and technology-driven acquisitions. This news hub provides investors and professionals with essential updates on intellectual property developments, operational milestones, and financial performance.
Access timely press releases covering patent portfolio monetization, industrial sector acquisitions, and partnership announcements. Our curated news collection enables users to track ACTG's progress in transforming underutilized assets into revenue-generating opportunities across multiple industries.
Key content categories include earnings reports, licensing agreements, strategic investments, and management updates. Each update is selected for its relevance to understanding the company's dual focus on IP commercialization and diversified business operations.
Bookmark this page for direct access to verified information about ACTG's activities in technology commercialization and value-driven acquisitions. Regularly updated to reflect the company's latest moves in patent licensing markets and operational expansions.
Acacia Research Corporation (NASDAQ: ACTG) will release its first quarter 2023 financial results on May 11, 2023, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day. Investors can participate by calling 888-506-0062 for U.S. and Canadian callers, or 973-528-0011 for international participants, referencing conference ID 475927. The call will be webcasted on the company’s website under Events & Presentations, with a replay available for 30 days post-call. Acacia is known for its strategy of purchasing businesses by leveraging flexible capital through its partnership with Starboard Value LP.
Acacia Research Corporation (ACTG) reported tough financial results for Q4 and the full year ended December 31, 2022. The company saw total revenues plummet to $13.1 million in Q4, down from $63.3 million a year prior. The full-year revenue also declined to $59.2 million from $88.0 million. Acacia recorded a GAAP net loss of $18.4 million, or $0.50 per diluted share, compared to a profit of $204.2 million in the same quarter last year. The company raised $79.1 million from a recent rights offering and executed capital restructuring with Starboard Value LP, which may bolster its acquisition capabilities. Despite these efforts, the management acknowledged significant financial challenges ahead.
Acacia Research Corporation (NASDAQ: ACTG) has successfully closed its Rights Offering, concluding the subscription period on March 1, 2023. The Company collected approximately $360,953 from this offering and $78.75 million from a Concurrent Private Rights Offering involving strategic investor Starboard Value LP. Acacia plans to utilize these proceeds for general corporate purposes to enhance its financial stability and support its acquisitions platform. Following these transactions, Acacia has 58,543,312 shares of Common Stock outstanding. The Rights Offering was conducted under a prospectus supplement filed with the SEC.
Acacia Research Corporation (NASDAQ: ACTG) will release its fourth quarter and full-year 2022 financial results on March 16, 2023, before market open. A conference call will follow at 11:00 a.m. ET to discuss these results. Investors can access the call by dialing 888-506-0062 for U.S. and Canada or 973-528-0011 internationally, using conference ID 102754. The call will also be webcasted on the Company's investor relations website. Acacia Research focuses on acquiring businesses at attractive valuations, leveraging its access to flexible capital and strategic partnerships.
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