Acacia Research Corp 8-K, filed Feb 9, 2021
Acacia Research Corp (ACTG)
About this 8-K
Acacia Research Corp filed this 8-K on February 9, 2021, reporting on events of January 29, 2021.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): February 9, 2021 (
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Item 8.01 Other Events.
On January 29, 2021, Acacia Research Corporation (the “Company”) redeemed $50 million of the principal amount of the Company’s $115 million outstanding aggregate principal amount of senior secured notes (the “Notes”). The Notes were originally issued by Merton Acquisition HoldCo LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (“Merton”), to the Buyers (as defined below) pursuant to the Company’s previously reported Securities Purchase Agreement dated November 18, 2019 (the “Purchase Agreement”) with Starboard Value LP (the “Designee”) and the investors listed on the Schedule of Buyers attached to the Purchase Agreement (the “Buyers”), as supplemented by the Supplemental Agreement dated June 4, 2020 with the Designee and the Exchange Agreement dated June 30, 2020 with Merton and the Designee. The Company has agreed to redeem the remaining $65 million of the principal amount of the Notes on or before July 15, 2021.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ACACIA RESEARCH CORPORATION | |
| Date: February 9, 2021 | By: /s/ Clifford Press |
| Chief Executive Officer |