Item 1.01. Entry into a Material Definitive Agreement.
The information set forth in Item 1.02 below is hereby incorporated by reference into this Item 1.01.
Item 1.02. Termination of a Material Definitive Agreement.
As previously disclosed in our Current Report on Form 8-K filed with the
On
Termination of Merger Agreement
On
Isleworth is currently assessing whether it should extend its life and the life of the trust maintained for the benefit of its public holders of Common Stock, and seek an alternative business combination.
The foregoing description of the Termination Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Termination Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this "Current Report") and is incorporated herein by reference.
Item 8.01. Other Events.
On
Forward Looking Statements
Certain statements included in this press release that are not historical facts
are forward-looking statements for purposes of the safe harbor provisions under
the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such as "believe,"
"may," "will, "estimate," "continue," anticipate," "intend," expect," "should,"
"would," "plan," "predict," "potential," "seem," "seek," "future," "outlook,"
and similar expressions that predict or indicate future events or trends or that
are not statements of historical matters. These statements are based on various
assumptions, whether or not identified in this press release, and on the current
expectations of management and are not predictions of actual performance. These
forward-looking statements are not intended to serve as, and must not be relied
on by an investor as, a guarantee, an assurance, a prediction, or a definitive
statement of fact or probability. Actual events and circumstances are difficult
or impossible to predict and will differ from assumptions this press release
relies on. Many actual events and circumstances are beyond the control of
Isleworth. These forward-looking statements are subject to a number of risks and
uncertainties including (i) any changes to accounting methods of Isleworth;
(ii) the risk factors included in this press release; and (iii) those factors
discussed in Isleworth's Annual Report on Form 10-K for the year ended
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Mutual Termination Agreement, datedJune 30, 2022 99.1 Press release datedJune 30, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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