Item 2.02 - Results of Operations and Financial Condition.
The information set forth in the second paragraph of Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 8.01 - Other Events.
On
As of
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
This Current Report on Form 8-K contains forward-looking statements, including,
but not limited to, statements regarding the Company's plans to review strategic
alternatives with the goal of maximizing shareholder value, which may include
the sale of the Company, a merger, acquisition or other business combination, a
strategic partnership with one or more parties, or the licensing, sale or
divestiture of some of the Company's proprietary technologies and the Company's
plans to continue its development activities in accordance with its existing
business strategy, which are based on the Company's current expectations and
inherently involve significant risks and uncertainties. The Company's actual
results and the timing of events could differ materially from those anticipated
in such forward-looking statements as a result of these risks and uncertainties,
including the risk that the Company may not be successful in identifying one or
more strategic alternatives or ultimately pursuing a strategic alternative that
delivers the anticipated benefits or enhances shareholder value, the risk that
the Company's exploration and evaluation of strategic alternatives or the public
announcement thereof may be disruptive to the Company's business operations or
cause the Company's stock price to fluctuate significantly, the risk that the
Company's exploration and evaluation of strategic alternatives may be time
consuming and involve the dedication of significant resources and may require
the Company to incur significant costs and expenses, the risk that the Company's
exploration and evaluation of strategic alternatives could divert the attention
of the Company's management and its board of directors from the existing
business operations, negatively impact the Company's ability to attract, retain
and motivate key employees, and expose the Company to potential litigation in
connection with the process of exploring strategic alternatives or any resulting
transaction, among other risks and uncertainties. A further description of the
risks and uncertainties relating to the business of the Company is contained in
the Company's most recent annual report on Form 10-K and the Company's quarterly
reports on Form 10-Q, as well as any amendments thereto reflected in subsequent
filings with the
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Press Release dated May 3 , 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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