Acacia Analysis Company (ACTG) (“Acacia” or the “Firm”) introduced immediately that it has commenced its previously-announced rights providing (the “Rights Providing”).

Underneath the phrases of the Rights Providing, the Firm will distribute non-transferable subscription rights to file holders (“Eligible Securityholders”) of the Firm’s widespread inventory (the “Widespread Inventory”) held as of 5 p.m. Japanese time on February 13, 2023, the file date for the Rights Providing. The subscription interval for the Rights Providing commences immediately and can terminate at 5 p.m. Japanese time on March 1, 2023 (the “Expiration Time”).

Pursuant to the Rights Providing, Eligible Securityholders will obtain one non-transferable subscription proper (a “Subscription Proper”) for each 4 shares of Widespread Inventory owned by such Eligible Securityholders. Every Subscription Proper entitles an Eligible Securityholder to buy, at such Eligible Securityholder’s election, one share of Widespread Inventory at a value of $5.25 per share (the “Subscription Value”). The Subscription Rights will likely be distributed at no cost to Eligible Securityholders. The Subscription Rights could also be exercised at any time throughout the subscription interval and can expire if they aren’t exercised by the Expiration Time.

Starboard Worth LP, a strategic investor within the Firm, along with sure associates of Starboard Worth LP (collectively, “Starboard”), will obtain personal subscription rights to buy Widespread Inventory on the Subscription Value pursuant to a concurrent personal rights providing (the “Concurrent Non-public Rights Providing”) in reference to their possession of Widespread Inventory and, on an as-converted foundation, the Firm’s Sequence B Warrants and shares of the Firm’s convertible most well-liked inventory designated as Sequence A Convertible Most well-liked Inventory. The personal subscription rights offered to Starboard pursuant to the Concurrent Non-public Rights Providing will likely be on considerably the identical phrases because the Subscription Rights, and will likely be distributed considerably concurrently with the distribution of the Subscription Rights and can expire on the Expiration Time. The Rights Providing is conditioned upon completion of the Concurrent Non-public Rights Providing, which is able to shut concurrently with the Rights Providing.

Acacia intends to make use of the online proceeds for basic company functions, together with to strengthen its monetary place and to function capital for its acquisitions platform.

Different Vital Info

The Rights Providing will likely be made pursuant to the prospectus complement to the Firm’s shelf registration assertion on Type S-3 (No. 333-249984), filed with the Securities and Alternate Fee (the “SEC”) on February 14, 2023.

The data herein, together with the phrases of the Rights Providing and the Concurrent Non-public Rights Providing, just isn’t full and is topic to alter. The Firm reserves the proper to amend, lengthen, terminate or cancel the Rights Providing and/or the Concurrent Non-public Rights Providing or modify the subscription interval of the Rights Providing at any time previous to the Expiration Time for any purpose. This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any subscription rights or another securities to be issued within the Rights Providing, Concurrent Non-public Rights Providing or any associated transactions, nor shall there be any supply, solicitation or sale of Subscription Rights or another securities in any jurisdiction through which such supply, solicitation or sale could be illegal.

Copies of the prospectus and prospectus complement will likely be mailed to all Eligible Securityholders and can also be obtained freed from cost on the web site maintained by the SEC at www.sec.gov or by contacting the knowledge agent for the Rights Providing, Broadridge Company Issuer Options, LLC, at (888) 789-8409.