Item 1.01 Entry into a Material Definitive Agreement
On
The acquisition of the Purchased Assets (the "Acquisition") contemplated by the
Asset Purchase Agreement is subject to a number of closing conditions,
including, among others (i) the Sale Order entered on
In the event that the Closing of the Acquisition does not occur on or before the
seventh calendar day from the date of entry of the Sale Order by the
No assurances can be given that the Acquisition will be consummated.
The foregoing description of the Asset Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Asset Purchase Agreement, which is included as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The Asset Purchase Agreement included as an exhibit is intended to provide investors with information regarding its terms. It is not intended to provide any other factual information about the Company, Sierra or the Seller or any of their respective subsidiaries or affiliates. The representations, warranties and covenants contained in the Asset Purchase Agreement were made only for purposes of that agreement and as of specific dates; were made solely for the benefit of the parties to that agreement; may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures; may not have been intended to be statements of fact, but rather, as a method of allocating contractual risk and governing the contractual rights and relationships between the parties to that agreement; and may be subject to standards of materiality applicable to contracting parties that differ from those applicable to investors. Investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company, Sierra or the Seller or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of the representations, warranties and covenants may change after the date of the Asset Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures.
Item 7.01. Regulation FD Disclosure.
On
The information contained in Item 7.01 of this Current Report on Form 8-K is being furnished by the Company and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Description 2.1 Asset Purchase Agreement datedSeptember 30, 2020 , by and among Sierra Bullets, L.L.C., as Buyer, andRemington Outdoor Company, Inc. , certain of its subsidiaries, as Seller. 99.1 Press Release datedSeptember 28, 2020 (furnished only).
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