The company said in an earnings release today that its book value as of Dec. 31 increased to $292.5 million from $175 million a year earlier.
“During 2020 we had gains, realized and unrealized, of approximately $175 million from the life sciences portfolio. During the first quarter of this year, our IP business completed the acquisition of a patent portfolio from Newracom,” said Al Tobia, Acacia’s chief investment officer.
Shares in Acacia closed up 1.3% at $6.15 apiece for a market cap of $303 million.
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Acacia Revenue Rises
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