Acacia Q2 2020 Earnings Report
Key Takeaways
Acacia Research Corporation reported their second quarter 2020 financial results, featuring the acquisition of the Woodford portfolio of life science assets for $282 million and the recovery of $185 million through sales of certain acquired assets. The company's book value at June 30 is $164.7 million, or $3.36 per share.
Acquired Woodford portfolio of life science assets for $282 million.
Recovered $185 million to date in sales of certain acquired assets.
Positions include a 6% stake in Oxford Nanopore and a 5% stake in Immunocore.
Current book value at June 30 is $164.7 million, or $3.36 per share.
Acacia
Acacia
Forward Guidance
Acacia intends to commence a Stockholder Offering of up to $31.5 million of senior secured notes, and warrants to purchase shares of common stock, to existing holders of our common stock, with substantially similar terms as the Senior Secured Notes and Series B warrant issued to Starboard