Acacia Research Corporation

Greetings and welcome to the Acacia Research fourth quarter and full year results conference call. At this time, all participants are in a listen-only mode. The question and answer session will follow the formal presentation. If anyone wants to require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Rob Fink of Investor Relations. Thank you. You may begin.

Thank you, Operator. Hosting the call today are Clifford Press, Acacia's Chief Executive Officer, Al Tobia, Chief Investment Officer, and Rich Rosenstein, Chief Financial Officer. Before beginning, I'd 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 and 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 Porn10Q that are filed with the FCC. I would 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 and events tab. With all that said, I'd now like to turn the call over to Clifford Press. Clifford, the call is yours.

Thank you, Rob, and good morning, everyone. This has been a year of significant transformation for Acacia. On the strength of an opportunistic life sciences transaction, we added $117.5 million or approximately $2 per share to our book value, an increase of 67%, and positioned the company for a wide range of value creation opportunities. We remain focused on executing Thank you very much. Thank you very much. Thank you very much. As previously stated, our business is to acquire operating companies, divisions, or other assets where we believe we can realize significant value following an operational or strategic restructuring. Our primary focus is on companies operating in mature technology, healthcare, industrial, and certain financial services segments. I'll now turn the call over to Al Tabea, our Chief Investment Officer.