Item 1.02 Termination of a Material Definitive Agreement
As previously disclosed by
On
As a result of the Termination, the Business Combination Agreement will be of no further force and effect, and certain agreements entered into in connection with the Business Combination Agreement, including the Sponsor Stockholder Support Agreement and the Lock-Up Agreement, will also automatically be terminated either in accordance with their terms or be of no further force and effect. The Company is not obligated to pay any penalties pursuant to the terms of the Business Combination Agreement or any related agreements as a result of the Termination.
The foregoing descriptions of the Business Combination Agreement and the
Ancillary Agreements do not purport to be complete and are qualified in their
entirety by the terms and conditions of the full text of such agreements which
were previously filed with the
Forward-Looking Statements
This Current Report on Form 8-K, exhibits hereto and information incorporated by reference herein, contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the proposed Business Combination. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, subject to applicable law.
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