Item 2.05 Costs Associated with Exit or Disposal Activities.
On
As a result of the Restructuring, the Company estimates that it will incur
approximately
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Item 7.01 Regulation FD Disclosure.
On
The information contained in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of the Exchange Act of 1934, as amended (the "Exchange Act"), and shall not be deemed incorporated by reference in any filing under Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Cautionary Note Regarding Forward Looking Statements
This Current Report on Form 8-K (this "Current Report") includes
"forward-looking statements." Words such as "will," "anticipates," "believes,"
"expects," "intends," "plans," "potential," "projects," "would" and "future" or
similar expressions are intended to identify forward-looking statements. These
forward-looking statements include, but are not limited to, statements regarding
the Company's focus on realizing the value of its intellectual property estate
and other assets, the Company's estimate of expenses that it will incur in
connection with the Restructuring and the expected timing for completion of the
Restructuring and the timing of the associated charges. Because such statements
are subject to risks and uncertainties, actual results may differ materially
from those expressed or implied by such forward-looking statements. These risks
and uncertainties include, among others, those related to: the occurrence of
impediments to the Company's ability to execute the Restructuring or identify
opportunities to realize the value of its intellectual property estate and other
assets as currently contemplated; the risk that the restructuring costs and
charges may be greater than anticipated; the risk that the Company's
restructuring efforts may adversely affect the Company's ability to retain
skilled and motivated personnel, and may be distracting to employees and
management; the risk that the Company's restructuring efforts may negatively
impact the Company's business operations and reputation; the risk that the
Company's restructuring efforts may not generate their intended benefits to the
extent or as quickly as anticipated; the Company's ability to comply with legal
and regulatory requirements; and the Company's ability to maintain patent and
other intellectual property protection and the possibility that the Company's
intellectual property rights may be infringed, invalid or unenforceable or will
be threatened by third parties. These and other risks are described more fully
in the Company's filings with the
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description Number 99.1 Press Release, datedJanuary 24, 2023 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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