Item 1.01. Entry into a Material Definitive Agreement.

On July 15, 2022, Acacia Research Corporation, a Delaware corporation (the "Company") entered into an Eighth Supplemental Agreement (the "Eighth 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 $55.0 million principal amount of the Notes, and (ii) extend the maturity date of the remaining outstanding Notes to July 14, 2023.

The foregoing description of the Eighth 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 Eighth Supplemental Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.

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Item 3.03.        Material Modification to Rights of Security Holders.

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

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Item 9.01.Financial Statements and Exhibits.



(d)Exhibits

Exhibit No.              Description of Exhibit
       10.1                Eighth Supplemental Agreement, dated as of July 15, 2022, between
                         Starboard Value, L.P., on behalf of the Starboard Funds, Acacia Research
                         Corporation and Merton Acquisition Holdco LLC

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