Acacia Research Corp Enters Material Agreement, Completes Asset Deal

TL;DR

Acacia Research Corp just signed a big deal and moved some assets. Watch this space.

AI Summary

On April 17, 2024, Acacia Research Corporation entered into a material definitive agreement related to the creation of a direct financial obligation. The company also completed an acquisition or disposition of assets. Further details regarding the specific nature of the agreement, the assets involved, and any associated financial figures were not immediately available in this filing.

Why It Matters

This filing indicates significant corporate activity for Acacia Research Corp, including a new financial obligation and a change in assets, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and completing asset transactions can introduce financial and operational risks that require careful monitoring.

Key Players & Entities

• ACACIA RESEARCH CORP (company) — Registrant
• April 17, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share ACTG The Nasdaq Stock Mar
• $150 m — th a maximum aggregate credit amount of $150 million, of which approximately $85 milli
• $85 million — of $150 million, of which approximately $85 million was available at the Closing Date, that
• $82.7 m — dit subfacility. On the Closing Date, $82.7 million, including $0.66 million related
• $0.66 million — Closing Date, $82.7 million, including $0.66 million related to letters of credit, was drawn
• $145 million — "Transaction") for a purchase price of $145 million in cash (the "Purchase Price"), subject
• $59.9 m — e Purchase Price and related fees was $59.9 million, which was funded from cash on ha
• $15.25 million — g funded through a cash contribution of $15.25 million from other investors in Benchmark, incl

Filing Documents

• d818755d8k.htm (8-K) — 45KB
• d818755dex101.htm (EX-10.1) — 849KB
• d818755dex991.htm (EX-99.1) — 16KB
• g818755g0417201025004.jpg (GRAPHIC) — 5KB
• g818755snap1.jpg (GRAPHIC) — 3KB
• 0001193125-24-099084.txt ( ) — 1257KB
• actg-20240417.xsd (EX-101.SCH) — 3KB
• actg-20240417_lab.xml (EX-101.LAB) — 18KB
• actg-20240417_pre.xml (EX-101.PRE) — 11KB
• d818755d8k_htm.xml (XML) — 4KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (a)

Financial statements of businesses acquired

Financial statements of businesses acquired . The financial statements required by Item 9.01(a) of Form 8-K and Regulation S-X will be filed by an amendment to this Form 8-K. The amendment will be filed with the SEC no later than 71 calendar days after the date this Form 8-K is required to be filed with the SEC. (b) Pro forma financial information . The pro forma financial information required by Item 9.01(b) of Form 8-K and Regulation S-X will be filed by an amendment to this Form 8-K. The amendment will be filed with the SEC no later than 71 calendar days after the date this Form 8-K is required to be filed with the SEC. (d) Exhibits Exhibit No. Description of Exhibit 10.1* Loan Agreement, dated as of April 17, 2024, by and among BE Anadarko, as Borrower, Frost Bank, as Administrative Agent and LC Issuer, and the lenders from time to time party thereto. 10.2* 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, incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by the Company with the SEC on February 20, 2024. 99.1 Press Release dated April 17, 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: April 17, 2024 ACACIA RESEARCH CORPORATION By: /s/Jason Soncini Name: Jason Soncini Title: General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR