Acacia Research Enters Material Definitive Agreement
Ticker: ACTG · Form: 8-K · Filed: Feb 20, 2024 · CIK: 934549
| Field | Detail |
|---|---|
| Company | Acacia Research Corp (ACTG) |
| Form Type | 8-K |
| Filed Date | Feb 20, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 11 min |
| Key Dollar Amounts | $0.001, $145 million, $57.5 million, $72.5 million, $15 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, regulation-fd
TL;DR
**Acacia Research just signed a big deal, expect more details soon!**
AI Summary
Acacia Research Corporation filed an 8-K on February 20, 2024, reporting an event that occurred on February 16, 2024. The filing indicates an 'Entry into a Material Definitive Agreement' and 'Regulation FD Disclosure'. The company, incorporated in Delaware with IRS number 95-4405754, operates from 767 Third Avenue, 6th Floor, New York, NY 10017.
Why It Matters
This filing signals a significant new agreement for Acacia Research, which could impact its future operations, financial performance, and strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement but lacks specific details, creating uncertainty about its nature and potential impact.
Key Numbers
- 001-37721 — Commission File Number (SEC identification for the company)
- 332-236-8500 — Business Phone (Registrant's contact number)
Key Players & Entities
- ACACIA RESEARCH CORPORATION (company) — Registrant
- Delaware (company) — State of incorporation
- 95-4405754 (dollar_amount) — IRS Employer Identification No.
- February 16, 2024 (date) — Date of earliest event reported
- February 20, 2024 (date) — Filing date
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 16, 2024.
What is the primary purpose of this 8-K filing by Acacia Research Corporation?
The primary purpose of this 8-K filing is to report an 'Entry into a Material Definitive Agreement' and 'Regulation FD Disclosure'.
Where is Acacia Research Corporation's principal executive office located?
Acacia Research Corporation's principal executive office is located at 767 Third Avenue, 6th Floor, New York, NY 10017.
What is Acacia Research Corporation's state of incorporation?
Acacia Research Corporation is incorporated in Delaware.
What is the Commission File Number for Acacia Research Corporation?
The Commission File Number for Acacia Research Corporation is 001-37721.
Filing Stats: 2,783 words · 11 min read · ~9 pages · Grade level 18.7 · Accepted 2024-02-20 08:18:57
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share ACTG The Nasdaq Stock Mar
- $145 million — tion in the Transaction will consist of $145 million in cash (the "Purchase Price"), subject
- $57.5 million — ding the Deposit (as defined below), is $57.5 million which the Company anticipates will be f
- $72.5 million — lving credit agreement of approximately $72.5 million and the remaining being funded through
- $15 million — gh a cash contribution of approximately $15 million from McArron Partners, the other invest
- $10.875 million — 5% of the unadjusted Purchase Price, or $10.875 million (the "Deposit"), into a third-party esc
Filing Documents
- d778153d8k.htm (8-K) — 44KB
- d778153dex101.htm (EX-10.1) — 569KB
- d778153dex991.htm (EX-99.1) — 18KB
- g778153g0220054219788.jpg (GRAPHIC) — 5KB
- 0001193125-24-039466.txt ( ) — 896KB
- actg-20240216.xsd (EX-101.SCH) — 3KB
- actg-20240216_lab.xml (EX-101.LAB) — 18KB
- actg-20240216_pre.xml (EX-101.PRE) — 11KB
- d778153d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 10.1* Purchase and Sale Agreement dated February 16, 2024 by and between Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC, as Sellers, and BE Anadarko II, LLC, as Buyer. 99.1 Press Release dated February 20, 2024 of Acacia Research Corporation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * This filing excludes certain schedules and exhibits pursuant to Item 601(a)(5) of Regulation S-K, which the registrant agrees to furnish supplementally to the Securities and Exchange Commission upon request; provided, however, that the registrant may request confidential treatment for any schedules or exhibits so furnished.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 20, 2024 ACACIA RESEARCH CORPORATION By: /s/ Jason Soncini Name: Jason Soncini Title: General Counsel