Company: ACTG
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0000934549-25-000010
Chunk: 39

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 39
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. 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.

28

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 by our stockholders, would become effective upon its filing with the Secretary of State of the State of Delaware, which we would expect to do as soon as practicable after the Charter Amendment Proposal is adopted by our stockholders. Even if adopted by the stockholders, the Board retains the authority to abandon the A&R Charter at any time prior to the filing and effectiveness of the A&R Charter with the Secretary of State of the State of Delaware, without any