Acacia Research Corporation (NASDAQ:ACTG) Q1 2022 Earnings Conference Call May 12, 2022 11:00 AM ET

Company Participants

Rob Fink - Investor Relations

Clifford Press - President & Chief Executive Officer

Martin McNulty - Chief Operating Officer and Head of M&A

Richard Rosenstein - Chief Financial Officer

Conference Call Participants

Tony Stoss - Craig-Hallum

Adam Eagleston - Formidable Asset Management

Calgary Leveen - Anhinga

Brett Reiss - Janney Montgomery

Operator

Good morning, ladies and gentlemen, and welcome to the Acacia Research First Quarter 2022 Earnings Call. [Operator Instructions]

It is now my pleasure to turn the floor over to your host, Rob Fink. Sir, the floor is yours.

Rob Fink

Thank you, operator. Hosting the call today are Clifford Press, Chief Executive Officer; Rich Rosenstein, Chief Financial Officer; and MJ McNulty, Chief Operating Officer and Head of M&A.

Before beginning, I would like to remind you that the information provided during this call may contain forward-looking statements relating to current expectations, estimates, forecasts and projections about future events that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based on the current estimates, projections, future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, please see the risk factors described in Acacia's annual report on Form 10-K and quarterly reports on Form 10-Q that are both filed with the SEC.

I would also like to remind everyone that a press release disclosing the company's financial results was issued this morning before the market opened. This release may be accessed on the company's website at acaciaresearch.com under the News & Events tab.

With all that said, I'd now like to turn the call over to Clifford Press. Clifford, the call is yours.

Clifford Press

Thank you, Rob, and good morning, everyone. As we are all well aware, valuations across the equity markets started compressing during the first quarter, and there was a significant increase in volatility. That volatility has continued, and the disruptions are creating attractive opportunities for Acacia. With an expanded team of M&A professionals and ready access to a strong base of permanent capital, we are in a very good position to put our capital to work. Our team is now in place, headed by MJ McNulty and Wes Golby.