Company: ACTG
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0000934549-25-000014
Chunk: 41

Company: ACACIA RESEARCH CORP
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 41
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 entitled to vote on the proposal is required to approve, on a non-binding advisory basis, the proposal. Virtual attendance at the Annual Meeting constitutes presence in person. This proposal is considered a non-routine matter under applicable rules. A broker, bank or other nominee may not vote without instructions from the Beneficial Owner on this matter, so there may be broker non-votes in connection with this proposal. Broker non-votes will have no effect on this proposal. Abstentions will be the equivalent of a vote “AGAINST” this proposal.

#### Recommendation of the Board of Directors
<div align='center'>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT OUR STOCKHOLDERS VOTE “FOR” THE SAY-ON-PAY PROPOSAL.

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PROPOSAL NO. 4:

APPROVAL OF THE ADOPTION OF THE COMPANY’S FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO EXTEND THE TERM OF EXISTING STOCK TRANSFER RESTRICTIONS THAT ARE INTENDED TO PROTECT THE COMPANY’S ABILITY TO UTILIZE ITS NET OPERATING LOSS CARRYFORWARDS AND MAKE CERTAIN NON-SUBSTANTIVE UPDATES</div>

Our Board has unanimously approved and recommends that our stockholders vote FOR this Proposal No. 4 to adopt the Company’s Fourth Amended and Restated Certificate of Incorporation (the “A&R Charter”) to extend by three years the Expiration Date with respect to the protective provisions of Article X of our Third Amended and Restated Certificate of Incorporation (the “Existing Protective Provisions”) and make certain non-substantive updates. Appendix A to this Proxy Statement reflects the Company’s Third Amended and Restated Certificate of Incorporation, which is currently in effect, marked to show the amendments that would be included in the A&R Charter.

The purpose of the Charter Amendment Proposal is to extend the Existing Protective Provisions for three years to assist us in continuing to protect long-term value to the Company of its accumulated net operating loss carryforwards (“NOLs”) by limiting direct or indirect transfers of our common stock that could affect the percentage of stock that is treated as being owned by a holder of 4.899% or more of our common stock. Our Board has adopted resolutions approving and declaring the advisability of adopting the A&R Charter. However, in order for the A&R Charter to be implemented, it must be adopted by our stockholders at the Annual Meeting.

The A&R Charter, if adopted