ACACIA RESEARCH CORP : Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Financial Statements and Exhibits (form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On April 14, 2022, Acacia Research Corporation, a Delaware corporation (the "Company") entered into a Seventh Supplemental Agreement (the "Seventh Supplemental Agreement") with Merton Acquisition HoldCo LLC ("Merton") and Starboard Value LP (the "Designee" or "Starboard Value"), on behalf of the certain buyers (the "Starboard Funds") of the Notes issued pursuant to the previously reported Securities Purchase Agreement (as amended and supplemented, the "Purchase Agreement"), dated as of November 18, 2019, to, primarily, (i) repay an aggregate of $50.0 million principal amount of the Notes, (ii) extend the maturity date of the remaining outstanding Notes to July 15, 2022, and (iii) amend the definitions of (a) "Permitted Investments" to permit certain types of derivative instruments and (b) "Permitted Debt" to permit certain guarantees in connection with such derivative instruments. After giving effect to the Seventh Supplemental Agreement, the total principal amount outstanding of the Notes is $115.0 million.

The foregoing description of the Seventh Supplemental Agreement is a summary of the material terms of such agreement, does not purport to be complete and is qualified in its entirety by reference to the Seventh Supplemental Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Item 3.03 Material Modification to Rights of Security Holders.

The information set forth under Item 1.01 regarding the terms of the Sixth Supplemental Agreement is incorporated by reference into this Item 3.03.

Item 9.01. Financial Statements and Exhibits.

(d)   Exhibits



Exhibit No.   Description of Exhibit
   10.1         Seventh Supplemental Agreement, dated as of April 14, 2022, between
              Starboard Value, L.P., on behalf of the Starboard Funds, Acacia Research
              Corporation and Merton Acquisition Holdco LLC.












































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