Item 1.02. Termination of Material Definitive Agreement
As previously disclosed, on
On
Upon termination of the Merger Agreement, the Stockholder Support Agreement (as defined in the Merger Agreement), the Sponsor Support Agreement (as defined in the Merger Agreement) and the Parent Support Agreement (as defined in the Merger Agreement) terminated pursuant to their terms.
The foregoing summary of the letter agreement is qualified in its entirety by
the text of the letter agreement, a copy of which is attached as Exhibit 10.1
hereto and is incorporated herein by reference. The foregoing descriptions of
the Merger Agreement, the Stockholder Support Agreement, the Sponsor Support
Agreement and the Parent Support Agreement are qualified in their entirety by
reference to the full text of the Merger Agreement, the form of Stockholder
Support Agreement, the form of Sponsor Support Agreement and the form of Parent
Support Agreement, copies of which were filed as Exhibit 2.1, Exhibit 10.1,
Exhibit 10.2 and Exhibit 10.3, respectively, to the Current Report on Form 8-K
filed by FoxWayne on
Forward Looking Statements
Certain statements made herein are not historical facts but are forward-looking
statements for purposes of the safe harbor provisions under The 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. Forward-looking statements are based on the
opinions and estimates of management of FoxWayne, as of the date such statements
are made, and they are subject to known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results, level of
activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to, the occurrence of any event,
change or other circumstances that could give rise to a delay in or the failure
to close a future potential business combination, the amount of redemptions, the
ability to retain key personnel and the ability to achieve stockholder and
regulatory approvals, industry trends, legislation or regulatory requirements
and developments in the global economy as well as the public health crisis
related to the coronavirus (COVID-19) pandemic and resulting significant
negative effects to the global economy and significant volatility and disruption
of financial markets, increased operating costs and the impact of government
shutdowns. Additional information on these and other factors that may cause
actual results and FoxWayne's performance to differ materially is included in
FoxWayne's periodic reports ?led with the
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Exhibit 10.1 Letter Agreement, dated as ofJanuary 12, 2023 , by and among FoxWayne, Merger Sub, Clover and the Stockholders' Representative 104 Cover Page Interactive Data File (embedded within the XBRL document) -2-
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