Acacia Research (ACTG) Announces Commencement of Rights Offering
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Acacia Announces Commencement of Rights Offering
February 14, 2023 7:39 AM ESTNEW YORK--(BUSINESS WIRE)-- Acacia Research Corporation (NASDAQ: ACTG) (Acacia or the Company) announced today that it has commenced its previously-announced rights offering (the Rights Offering).
Under the terms of the Rights Offering, the Company will distribute non-transferable subscription rights to record holders (Eligible Securityholders) of the Companys common stock (the Common Stock) held as of 5 p.m. Eastern time on February 13, 2023, the record date for the Rights Offering. The subscription period for the Rights Offering commences today and will terminate at 5 p.m. Eastern time on March 1, 2023 (the Expiration Time).
Pursuant to the Rights Offering, Eligible... More
