Item 8.01 Other Events.
As previously announced, on
In connection with the Merger and the
The
Notice Regarding Forward-Looking Statements
This communication, and any documents to which Intersect refers you in this
communication, contains not only historical information, but also
forward-looking statements made pursuant to the safe-harbor provisions of the
Private Securities Litigation Reform Act of 1995 (the "Act"). These
forward-looking statements represent Intersect's current expectations or beliefs
concerning future events, including but not limited to the expected entry into
the Sale and Purchase Agreement, expected completion and timing of the Merger,
expected benefits and costs of the Merger, management plans and other
information relating to the Merger, strategies and objectives of Intersect for
future operations and other information relating to the Merger. Without limiting
the foregoing, the words "believes", "anticipates", "plans", "expects",
"intends", "forecasts", "should", "estimates", "contemplate", "future", "goal",
"potential", "predict", "project", "projection", "target", "seek", "may",
"will", "could", "should", "would", "assuming", and similar expressions are
intended to identify forward-looking statements. We intend these forward-looking
statements to be covered by the safe harbor provisions for forward-looking
statements contained in the Act. You should read any such forward-looking
statements carefully, as they involve a number of risks, uncertainties and
assumptions that may cause actual results to differ significantly from those
projected or contemplated in any such forward-looking statement. Those risks,
uncertainties and assumptions include, without limitation, (i) the risk that the
Merger may not be completed in a timely manner or at all, which may adversely
affect Intersect's business and the price of the common stock of Intersect, (ii)
the failure to satisfy any of the conditions to the consummation of the Merger,
including the receipt of certain regulatory approvals, (iii) the occurrence of
any event, change or other circumstance or condition that could give rise to the
termination of the merger agreement, (iv) the effect of the announcement or
pendency of the Merger on Intersect's business relationships, operating results
and business generally, (v) risks that the Merger disrupts current plans and
operations and the potential difficulties in employee retention as a result of
the Merger, (vi) risks related to diverting management's attention from
Intersect's ongoing business operations, (vii) the outcome of any legal
proceedings that may be instituted against Intersect related to the merger
agreement or the Merger, and (viii) unexpected costs, charges or expenses
resulting from the Merger. The risks and uncertainties may be amplified by the
COVID-19 pandemic, which has caused significant economic uncertainty. The extent
to which the COVID-19 pandemic impacts the Company's businesses, operations, and
financial results, including the duration and magnitude of such effects, will
depend on numerous factors, which are unpredictable, including, but not limited
to, the duration and spread of the outbreak, its severity, the actions to
contain the virus or treat its impact, and how quickly and to what extent normal
economic and operating conditions can resume. Forward-looking statements are not
guarantees of future performance, and there are a number of important factors
that could cause actual outcomes and results to differ materially from the
results contemplated by such forward-looking statements, including those risks
described in Intersect's filings with the
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