Item 8.01. Other Events.
On
At a special meeting of the stockholders of the Company held on
A recent decision of the
The Company continues to believe that a separate vote of Class A common stock
was not required to approve the Authorized Share Charter Amendment. However, in
light of the recent
While the Company believes that a separate vote of Class A common stock was not
required to approve the Authorized Share Charter Amendment at the 2021 Special
Meeting, and therefore that all of the currently outstanding shares of common
stock of the Company are validly issued, if the Company is not successful in the
Section 205 proceeding, the uncertainty with respect to the Company's
capitalization resulting from the
Forward-Looking Statements
This current report on Form 8-K (this "Current Report") includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this Current Report, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or the negative of such terms and other similar expressions that predict or indicate future events or trends or that are not statements of present or historical matters. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of the Company and are not predictions of actual outcomes. Actual events and circumstances are impossible to predict and are beyond the control of the Company.
With respect to the matters addressed in this Current Report, no assurances can be made regarding the outcome of the Company's proceeding pursuant to Section 205 of the DGCL. The Section 205 proceeding is subject to inherent uncertainties and is beyond the Company's control and may not result in timely resolution of the uncertainty regarding the Company's capitalization, if at all. If the Company is unsuccessful in the Section 205 proceeding, it could have a material adverse effect on the Company.
The Company cautions you that these forward-looking statements are subject to
numerous risk and uncertainties, most of which are difficult to predict and many
of which are beyond the control of the Company. Additional risks and
uncertainties that could affect the Company and its financial results are
included under the captions "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the Company's
Quarterly Report on Form 10-Q filed with the
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