NEW YORK - Acacia Research Corporation (NASDAQ:ACTG) has announced that its subsidiary, Atlas (NYSE:ATCO) Global Technologies LLC (AGT), successfully completed licensing and settlement agreements regarding its WiFi-6 patent portfolio during the fourth quarter of 2023. The agreements have resulted in aggregate payments exceeding $81 million. Specific details about the agreements, including the identities of the parties involved and the individual payment amounts, remain confidential.
The funds received from these agreements will be net of customary legal fees and other expenses. Acacia Research Corporation, traded on NASDAQ under the ticker ACTG, specializes in acquiring and managing businesses in various sectors, including industrial, healthcare, energy, and mature technology. The company focuses on generating value by leveraging its capital base and industry relationships, guided by its core principles of prioritizing people, processes, and performance.
The recent agreements underline Acacia's ongoing strategy to monetize its intellectual property assets. The company's management team, known for expertise in research, transactions, and operational execution, continues to drive its strategic plan forward. However, the company cautions that forward-looking statements within the press release are subject to various factors and uncertainties that could cause actual results to differ materially from expectations.
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