KURA SUSHI USA, INC. Item 1.01 Entry into a Material Definitive Agreement.
On
Forward Looking Statements
Except for historical information contained herein, the statements in this Form
8-K are forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995) and involve risks and uncertainties
and are subject to change based on various important factors. This Form 8-K
includes forward-looking statements that are based on management's current
estimates or expectations of future events or future results. These statements
are not historical in nature and can generally be identified by such words as
"target," "may," "might," "will," "objective," "intend," "should," "could,"
"can," "would," "expect," "believe," "design," "estimate," "continue,"
"predict," "potential," "plan," "anticipate" or the negative of these terms, and
similar expressions. Management's expectations and assumptions regarding future
results are subject to risks, uncertainties and other factors that could cause
actual results to differ materially from the anticipated results or other
expectations expressed in the forward-looking statements included in this Form
8-K. These risks and uncertainties include but are not limited to: risks related
to the COVID-19 outbreak; our ability to successfully maintain increases in our
comparable restaurant sales; our ability to successfully execute our growth
strategy and open new restaurants that are profitable; our ability to expand in
existing and new markets; our projected growth in the number of our restaurants;
macroeconomic conditions and other economic factors; our ability to compete with
many other restaurants; our reliance on vendors, suppliers and distributors,
including our parent company Kura Sushi, Inc.; concerns regarding food safety
and foodborne illness; changes in consumer preferences and the level of
acceptance of our restaurant concept in new markets; minimum wage increases and
mandated employee benefits that could cause a significant increase in our labor
costs; the failure of our automated equipment or information technology systems
or the breach of our network security; the loss of key members of our management
team; the impact of governmental laws and regulations; volatility in the price
of our common stock; and other risks and uncertainties as described in our
filings with the
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The discussion of the PPP Loan set forth under Item 1.01 of this Current Report on Form 8-K is incorporated in this Item 2.03 by reference.
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