Item 8.01 Other Events.
On May 4, 2021, the Company issued a press release announcing the redemption of
all of its outstanding warrants to purchase shares of the Company's common stock
that were issued under the Warrant Agreement, dated as of April 29, 2020, by and
between the Company (f/k/a Fortress Value Acquisition Corp.) and Continental
Stock Transfer & Trust Company, as warrant agent (the "Warrant Agreement"), as
part of the units sold in the Company's initial public offering (the "IPO"). A
copy of the press release is filed as Exhibit 99.1 hereto and is incorporated
herein by reference. In accordance with Section 3.3.1(b) of the Warrant
Agreement, the Company's board of directors has elected to require that all
Public Warrants be exercised only on a cashless basis. Warrants to purchase
shares of common stock that were issued under the Warrant Agreement in a private
placement simultaneously with the IPO are no longer outstanding and are not
subject to the notice of redemption.
A copy of the notice of redemption delivered by the Company is filed as Exhibit
99.2 hereto and is incorporated herein by reference.
Neither this Current Report on Form 8-K, the press release attached hereto as
Exhibit 99.1 nor the notice of redemption attached hereto as Exhibit 99.2
constitutes an offer to sell or the solicitation of an offer to buy any of the
Company's securities, and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offering, solicitation or sale would be unlawful.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press release, dated May 4, 2021
99.2 Notice of Redemption, dated May 4, 2021
104 Cover Page Interactive Data File (formatted as Inline XBRL).
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