Latest news with #Preferred
Yahoo
27-05-2025
- Business
- Yahoo
SRM Entertainment Announces Closing of $5 Million Private Placement
Winter Park, Florida, May 27, 2025 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc. (Nasdaq: SRM) ('SRM' or the 'Company'), a leading provider of creative and high-quality licensed media-themed merchandise, announces today the closing of its previously announced private investment in public equity ('PIPE') financing with an institutional investor for gross proceeds to the Company of $5,000,000, before deducting placement agent fees and offering expenses. Pursuant to the terms of the securities purchase agreement, the Company sold an aggregate of 5,000 shares of its Series A Convertible Preferred Stock, convertible into an aggregate of 8,928,571 shares of common stock at a conversion price of $0.56 per share (not at $0.50 per share as previously reported), and warrants, each having the right to purchase one share of common stock, to acquire up to an aggregate of 8,928,571 shares of common stock, subject to beneficial ownership limitations. The purchase price for one unit (consisting of one share of Series A Convertible Preferred Stock convertible into approximately 1,785 shares and the same number of warrants) was $1,000. The warrants issued at the closing of the offering are exercisable immediately at an exercise price of $0.65 per share and will expire two years from the date of issuance. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital. Dominari Securities LLC acted as the sole placement agent for the PIPE financing. The securities being offered and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. The Company has agreed to file one or more registration statements with the SEC covering the resale of the unregistered shares issuable upon the conversion of the Series A Preferred Stock and the shares issuable upon exercise of the unregistered warrants. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About SRM Entertainment, Inc. SRM Entertainment designs, develops, and manufactures custom merchandise which includes toys and souvenirs for the world's largest theme parks and other entertainment venues. Many of SRM's creative products are based on award winning multi-billion-dollar entertainment franchises that are featured in popular movies and books. SRM products are distributed worldwide at Walt Disney Parks and Resorts, Universal Parks and Destinations, United Parks and Resorts – SeaWorld, Six Flags and other attractions. SRM's products are offered alongside popular rides and attractions in theme parks, zoos, aquariums, and other entertainment venues. SRM's design team developed specialty dolls, plush and toys for one of New York City's landmarks that features a popular holiday show. SRM's design team is credited with creating popular products which have been successfully sold at specialty theme park events. SRM's exclusive-patented Sip With Me cups feature fun, kid friendly Zoo, Sea and animal themed characters as well as licensed characters from Smurfs, ICEE and Zoonicorn. Caution Regarding Forward-Looking Statements Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'is/are likely to,' 'potential,' 'continue' or other similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our Forms 10-K, 10-Q and other reports filed with the SEC and available at Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. Media and Investor Relations Info@ in to access your portfolio
Business Wire
23-05-2025
- Automotive
- Business Wire
Luminar Improves Capital Structure with Repurchase of $50 Million in 2026 Convertible Senior Notes
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies (NASDAQ: LAZR), a leading global automotive technology company, today announced it has entered into separate, individually negotiated private agreements with certain holders of its outstanding 1.25% Convertible Senior Notes due 2026 to acquire $50 million in aggregate principal amount of notes through repurchases for approximately $30 million in cash and exchanges for 1.1 million in newly issued shares of common stock. The repurchase transactions are being funded by the proceeds from the initial issuance of Series A Convertible Preferred Stock announced by Luminar on May 21, 2025. 'Earlier this week, we announced a significant capital commitment from two institutional investors and indicated that would be used to continue to improve our capital structure and liquidity profile. Today, we are doing just that, retiring a substantial amount of debt that would have otherwise matured next year,' said Tom Fennimore, Luminar's Chief Financial Officer. 'We will remain opportunistic in using all of our available tools to further reduce our debt and extend our liquidity runway in order to realize our long-term value.' Following the consummation of the exchange transactions, approximately $135 million in aggregate principal amount of the 2026 convertible notes will remain outstanding, marking meaningful progress by Luminar over the past year to reduce the outstanding amount of its 2026 debt. The combination of the transactions this week demonstrate Luminar's commitment to improving its capital structure and ensuring sufficient financial runway to execute its business plan. About Luminar Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software/AI platform to enable its various partners, ranging from Volvo Cars and Mercedes-Benz to NVIDIA and Mobileye, to develop and deploy the world's most advanced passenger vehicles. Following the launch of the Volvo EX90 as the first global production vehicle to standardize its technology, Luminar is poised to lead the industry in enabling next-generation safety and autonomous capabilities for global production vehicles. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as 'aims,' 'believe,' 'may,' 'will,' 'estimate,' 'set,' 'continue,' 'towards,' 'anticipate,' 'intend,' 'expect,' 'should,' 'would,' 'forward,' 'plan,' 'runway,' 'commitment,' 'remain,' 'opportunistic' and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements include statements relating to prospective future debt reduction and liquidity and capital structure improvements. Forward-looking statements are based on expectations and assumptions by our management and involve a number of risks, uncertainties, including but not limited to, the large amount of Luminar's outstanding indebtedness limiting the cash flow available for Luminar's operations. whether Luminar will be able to timely reduce its outstanding debt and capital structure overhang, whether Luminar will be able to repurchase debt at trading discounts or on favorable terms, or have sufficient resources and financial runway to reduce its outstanding debt and execute its business plan and other factors that could cause actual results to differ materially from those stated, which could differ or change based upon market conditions or for other reasons. More information on these risks and other potential factors that could affect Luminar's business is included in Luminar's periodic filings with the SEC, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of Luminar's reports on Form 10-K and Form 10-Q, including Luminar's Annual Report on Form 10-K for the year ended December 31, 2024 filed by Luminar on March 28, 2025, and Luminar's Quarterly Report on Form 10-Q filed by Luminar on May 20, 2025 and subsequent reports filed with the SEC. You are cautioned not to place undue reliance upon any forward-looking statements and Luminar assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.
Yahoo
21-05-2025
- Business
- Yahoo
Otelier partners with Preferred Hotels & Resorts
Hospitality data platform Otelier has unveiled a strategic partnership with Preferred Hotels & Resorts, becoming the newest addition to the company's Alliance Partner Program. This collaboration positions Otelier as a recommended business intelligence solutions provider for Preferred member properties worldwide. Otelier CEO Rob Lawrence said: "We're proud to join forces with Preferred Hotels & Resorts and support this remarkable portfolio of iconic properties around the world. "By helping hoteliers centralise their data and unlock a 360° view of their business, we're empowering teams to move beyond spreadsheets and focus on what this group does best: delivering exceptional guest experiences." Otelier's IntelliSight platform is now accessible to Preferred members, offering a business intelligence solution that enables hotel operators to rapidly make informed and profitable decisions. IntelliSight centralises data from all outlets that generate revenue such as food and beverage (F&B), retail and parking to offer a comprehensive perspective on operational and fiscal performance. Otelier says that this system replaces manual spreadsheets with visual dashboards and charts, allowing operators to easily spot trends, pinpoint opportunities, and act decisively. Established to support full-service hotels and luxury resorts, IntelliSight merges commercial and financial data to allow hotel teams to comprehend profit margins instantaneously and in detail, streamlining operations and enhancing efficiency. Preferred Hotels & Resorts represents over 600 luxury hotels, resorts, residences, and unique hotel groups in more than 80 countries. The company caters to hotel operators, owners, and companies responsible for management, providing advantages via brand prestige and global operating scale. It supports member hotels with strategic sales, revenue management, integrated marketing solutions, worldwide connectivity via reservations services, distribution technology, and partner solutions with its Alliance Partner Program. In June 2024, Preferred Hotels & Resorts formed a collaboration with payment services provider Worldline to streamline payment processes and improve the guest experience across its member properties. "Otelier partners with Preferred Hotels & Resorts" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-04-2025
- Business
- Business Wire
Rithm Property Trust Inc. Announces First Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (NYSE: RPT, 'Rithm Property Trust' or the 'Company') today announced the following information for the quarter ended March 31, 2025. First Quarter 2025 Financial Highlights: GAAP comprehensive income of $1.1 million, or $0.02 per diluted common share 1,2 Earnings available for distribution of $0.7 million or $0.02 per diluted common share 1,3 Paid a common dividend of $2.7 million or $0.06 per common share Book value per common share of $5.40 1 __________________________________________ 1. Per common share calculations for both GAAP comprehensive income and earnings available for distribution are based on weighted average diluted shares of 45,422,030 and 45,298,505 for the quarters ended March 31, 2025 and December 31, 2024, respectively. Book value per share is based on 45,420,752 common shares outstanding for each of the quarters ended March 31, 2025 and December 31, 2024. 2. Comprehensive income is a GAAP financial measure that adjusts GAAP net income by any unrealized gain (loss) on investment securities measured at fair value through other comprehensive income and the related income tax effect, if any. 3. Earnings available for distribution is a non-GAAP financial measure. For a reconciliation of earnings available for distribution to GAAP comprehensive income, as well as an explanation of this measure, please refer to the section entitled 'Non-GAAP Financial Measures and Reconciliation to GAAP Comprehensive Income.' Expand 'Rithm Property Trust continued its track record of earnings growth under Rithm in the first quarter of 2025, despite a challenging macro-economic environment,' said Michael Nierenberg, Chief Executive Officer of Rithm Capital. 'This demonstrates the strength of our platform and deep real estate expertise in consistently creating value for our shareholders. We remain opportunistic with our capital and are focused on the continued transformation of the RPT platform.' First Quarter Company Highlights: Deployed $64 million of Capital into CRE Investments: Acquired $46.7 million in unpaid principal balance ('UPB') of commercial mortgage-backed securities ('CMBS') bringing our total investment in CMBS to $274.6 million in UPB. Invested $17.5 million in a floating rate senior subordinate mortgage loan collateralized by a commercial real estate property located in New York City. Preferred Stock Issuance: Issued 2,084,232 shares of 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the 'Preferred Stock') for net proceeds of $50.8 million, including the partial exercise by the underwriters of 84,232 shares of Preferred Stock pursuant to their over-allotment option. The Preferred Stock has a liquidation preference of $25.00 per share and is listed on the NYSE under the symbol ' Legacy RMBS Sale: Sold legacy RMBS available-for-sale with a total UPB of $20.7 million, resulting in a remaining RMBS portfolio with a total UPB of $101.1 million. Dividend Declaration: On April 25, 2025, the Company's Board of Directors declared a cash dividend of $0.06 per share to be paid on May 30, 2025, to stockholders of record as of May 15, 2025. Financial results for the quarter ended March 31, 2025, are included in the tables at the end of this press release. Additional Information For additional information that management believes is useful for investors, please refer to the latest presentation posted on the News & Events - Presentations section of the Company's website, Information on, or accessible through, our website is not a part of, and is not incorporated into, this press release. Earnings Conference Call Rithm Property Trust will host a conference call at 8:00 AM ET on Monday, April 28, 2025, to review its financial results for the quarter ended March 31, 2025. A webcast of the conference call will be available to the public on a listen-only basis at the Company's website, Participants are encouraged to pre-register for the webcast at Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the webcast. A copy of the earnings release will also be posted to the News & Events – Press Releases section of the Company's website. A replay of the conference call will also be available two hours following the call's completion through 11:59 P.M. Eastern Time on Monday, May 12, 2025 in the News & Events – Events section of the Company's website. RITHM PROPERTY TRUST INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Dollars in thousands except per share amounts) (Unaudited) March 31, 2025 December 31, 2024 Assets: Cash and cash equivalents $ 97,439 $ 64,252 Mortgage loans held-for-sale, net 27,469 27,788 Mortgage loans held-for-investment, net 386,997 396,052 CMBS at fair value (amortized cost of $275,602 and $245,539, respectively) 275,541 246,614 RMBS available-for-sale, at fair value (amortized cost of $50,653 and $68,298, respectively) 48,948 62,169 Investments in securities, held-to-maturity 44,912 46,043 Other investments, at fair value 25,941 29,916 Investments in beneficial interests, net 90,565 89,704 Equity investments in affiliates 17,618 537 Other assets 12,901 14,264 Total Assets $ 1,028,331 $ 977,339 Liabilities and Equity Liabilities: Secured borrowings, net $ 250,903 $ 258,353 Borrowings under repurchase transactions 367,010 356,565 Notes payable, net 107,862 107,647 Accrued expenses and other liabilities 6,636 8,006 Total Liabilities 732,411 730,571 Commitments and Contingencies Equity: Preferred stock, $0.01 par value, 25,000,000 shares authorized, 2,084,232 and 0 shares issued and outstanding, respectively at March 31, 2025 and December 31, 2024, $52,105,800 aggregate liquidation preference 50,785 — Common stock $0.01 par value, 125,000,000 shares authorized, 47,085,117 shares issued and 45,420,752 shares outstanding, respectively at March 31, 2025 and December 31, 2024 471 471 Additional paid-in capital 425,052 425,039 Treasury stock (11,594 ) (11,594 ) Accumulated deficit (164,510 ) (158,003 ) Accumulated other comprehensive loss (4,133 ) (8,991 ) Equity attributable to stockholders 296,071 246,922 Non-controlling interests (151 ) (154 ) Total Equity 295,920 246,768 Total Liabilities and Equity $ 1,028,331 $ 977,339 Expand NON-GAAP FINANCIAL MEASURES AND RECONCILIATION TO GAAP COMPREHENSIVE INCOME 'Earnings available for distribution' is a non-GAAP financial measure of the Company's operating performance, which is used by management to evaluate the Company's performance excluding: (i) net realized and unrealized gains and losses on certain assets and liabilities; (ii) other net income and losses not related to the performance of the investment portfolio; and (iii) non-capitalized transaction related expenses. The Company has three primary variables that impact its performance: (i) net interest margin on assets held within the investment portfolio; (ii) realized and unrealized gains or losses on assets held within the investment portfolio, including any impairment or reserve for expected credit losses; and (iii) the Company's operating expenses and taxes. The Company's definition of earnings available for distribution excludes certain realized and unrealized losses, which although they represent a part of the Company's recurring operations, are subject to significant variability and are generally limited to a potential indicator of future economic performance. Within other net income and losses, management primarily excludes equity-based compensation expenses. With regard to non-capitalized transaction-related expenses, management does not view these costs as part of the Company's core operations, as they are considered by management to be similar to realized losses incurred at acquisition. Non-capitalized transaction-related expenses generally relate to legal and valuation service costs, as well as other professional service fees, incurred when the Company acquires certain investments. Management believes that the adjustments to compute 'earnings available for distribution' specified above allow investors and analysts to readily identify and track the operating performance of the assets that form the core of the Company's activity, assist in comparing the core operating results between periods, and enable investors to evaluate the Company's current core performance using the same financial measure that management uses to operate the business. Management also utilizes earnings available for distribution as a financial measure in its decision-making process relating to improvements to the underlying fundamental operations of the Company's investments, as well as the allocation of resources between those investments, and management also relies on earnings available for distribution as an indicator of the results of such decisions. Earnings available for distribution excludes certain recurring items, such as gains and losses (including impairment) and non-capitalized transaction-related expenses, because they are not considered by management to be part of the Company's core operations for the reasons described herein. As such earnings available for distribution is not intended to reflect all of the Company's activity and should be considered as only one of the factors used by management in assessing the Company's performance, along with GAAP comprehensive income which is inclusive of all of the Company's activities. The Company views earnings available for distribution as a consistent financial measure of its portfolio's ability to generate income for distribution to common stockholders. Earnings available for distribution does not represent and should not be considered as a substitute for, or superior to, net income or as a substitute for, or superior to, cash flows from operating activities, each as determined in accordance with GAAP, and the Company's calculation of this financial measure may not be comparable to similarly entitled financial measures reported by other companies. Furthermore, to maintain qualification as a REIT, U.S. federal income tax law generally requires that the Company distribute at least 90% of its REIT taxable income annually, determined without regard to the deduction for dividends paid and excluding net capital gains. Because the Company views earnings available for distribution as a consistent financial measure of its ability to generate income for distribution to common stockholders, earnings available for distribution is one metric, but not the exclusive metric, that the Company's board of directors uses to determine the amount, if any, and the payment date of dividends on common stock. However, earnings available for distribution should not be considered as an indication of the Company's taxable income, a guaranty of its ability to pay dividends or as a proxy for the amount of dividends it may pay, as earnings available for distribution excludes certain items that impact its cash needs. Reconciliation of GAAP Comprehensive Income to Earnings Available for Distribution (Dollars in thousands except per share amounts) (Unaudited) ___________________________________ 1. Other adjustments include amortization, income taxes and stock-based compensation. Expand About Rithm Property Trust Rithm Property Trust is a real estate investment platform externally managed by an affiliate of Rithm Capital Corp. ('Rithm Capital') (NYSE: RITM). Rithm Property Trust has historically focused on acquiring, investing in and managing re-performing loans and non-performing loans secured by single-family residences and commercial properties. In connection with the 2024 strategic transaction with Rithm Capital, the Company transitioned to a flexible commercial real estate focused investment strategy. Rithm Property Trust is a Maryland corporation that is organized and conducts its operations to qualify as a real estate investment trust ('REIT') for federal income tax purposes. Forward-Looking Statements This press release contains certain information which constitutes 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as 'may,' 'will,' 'seek,' 'believes,' 'intends,' 'expects,' 'projects,' 'anticipates,' 'plans' and 'future' or similar expressions are intended to identify forward-looking statements. These statements are not historical facts. These forward-looking statements represent management's current expectations regarding future events and are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond our control. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements see the sections entitled 'Cautionary Statement Regarding Forward-Looking Statements', 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in the Company's most recent annual and quarterly reports and other filings, including the Company's recent proxy statements, filed with the Securities and Exchange Commission. The Company expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Associated Press
07-04-2025
- Business
- Associated Press
Ardagh Metal Packaging S.A. Notes Ardagh Group S.A. Update on Discussions with Noteholders
LUXEMBOURG, April 7, 2025 /PRNewswire/ -- On March 11, 2025, Ardagh Group S.A. ('AGSA'), the controlling shareholder of Ardagh Metal Packaging S.A. (the 'Company' or 'we,' 'us' and 'our'), which indirectly owns approximately 76% of the Company's outstanding ordinary shares (the 'AMPSA Ordinary Shares') and all of the Company's outstanding preferred shares (the 'AMPSA Preferred Shares' and, together with the AMPSA Ordinary Shares, the 'AMPSA Interests'), announced that it is engaging in negotiations with certain holders of its senior secured notes (the 'SSNs,' these certain holders the 'SSN Holders') and certain holders of its senior unsecured notes (the 'SUNs,' these certain holders the 'SUN Holders,' and together with the SSN Holders, the 'Holders'). Certain of the SSN Holders hold SUNs, while certain of the SUN Holders hold SSNs. As an update to the March 11 announcement, on April 7, 2025, AGSA provided a further update on its discussions with the Holders (the 'Update'), which, summarized the SSN Holders' latest proposal to AGSA (the 'SSN proposal') and AGSA's counterproposal. The Update indicates that while no transaction has been agreed at this stage, the SSN proposal includes a potential divestment by AGSA of its AMPSA Ordinary Shares, subject to the AGSA board's approval, to a new special purpose vehicle holding structure ('New BidCo') to be owned 80% by existing indirect shareholders of AGSA and 20% by participating holders of the SUNs with a potential allocation of New BidCo equity to participating holders of the senior secured toggle notes due 2027 issued by ARD Finance S.A. (the 'PIK Notes' ). The Update further indicates that the AGSA proposal includes, unlike the SSN proposal, a potential divestment by AGSA of all its AMPSA Interests, subject to the AGSA board's approval, to New BidCo, which would be owned in the same 80/20 proportions by the existing indirect AGSA shareholders and participating SUN Holders, with consideration to holders of the PIK Notes to be agreed out of the overall transaction consideration allocated to the SUNs. The Update indicates that AGSA continues to engage in constructive discussions with the SUN Holders and the SSN Holders regarding the terms of a potential restructuring transaction, and that AGSA will provide further updates in due course. The full text of the Update is available on AGSA's investor relations website at Disclaimer This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities referred to in this press release, in any jurisdiction, including the United States, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration. Forward Looking Statement This press release contains 'forward-looking statements' within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to proposals, predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated, many of which may be beyond our control. Forward looking statements may be identified through the use of words such as 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes,' or by statements indicating certain actions 'may,' 'could,' 'should' or 'might' occur. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. Certain factors that could cause actual events to differ materially from those discussed in any forward-looking statements include the risk factors described in the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the 'SEC') and any other public filings made by the Company with the SEC. In addition, new risk factors and uncertainties emerge from time to time, and it is not possible for us to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual events to differ materially from those contained in any forward-looking statements. Under no circumstances should the inclusion of such forward-looking statements in this press release be regarded as a representation or warranty by us or any other person with respect to the achievement of results set out in such statements or that the underlying assumptions used will in fact be the case. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
