Acacia(US:ACTG)2026-03-12 20:47Investment Risks - The carrying value of the company's equity investments in public and private companies was $54.3 million as of December 31, 2025, down from $59.9 million in 2024[465] - A hypothetical 10% adverse change in the market price of publicly traded common stock investments would result in a decrease of approximately $1.8 million[466] - The company is exposed to investment risks related to changes in the financial condition of equity investments in technology companies, which can significantly impact fair value[464] - The company intends to maintain a diversified portfolio of cash equivalents and equity securities to minimize investment risks[463] - The company evaluates equity investments in private companies for impairment when there are indications of a decline in fair value[466] Short-term Investment Activities - The primary objective of short-term investment activities is to preserve principal while maximizing income from equity securities without significantly increasing risk[463] - A 100 basis point increase in interest rates or a 10% decline in U.S. equity markets would not be expected to materially impact the value of money market funds[463] Market and Foreign Exchange Risks - The company has not had material foreign operations but is exposed to market risks related to fluctuations in foreign currency exchange rates[467] - As of December 31, 2025, the company did not hold any foreign denominated equity securities[467] Competitive and Economic Factors - The company faces risks from competition, pricing, regulations, and other economic factors that may affect its operating businesses[20]