Item 1.01. Entry into a Material Definitive Agreement
On
The Stock Purchase Agreement provides further for the payment of up to
The Stock Purchase Agreement contains customary representations, warranties and covenants from the parties (including certain indemnification, non-competition and non-solicitation provisions applicable to the Seller Guarantors, the Sellers, NewCo and their respective affiliates). The representations and warranties contained in the Stock Purchase Agreement were made only for purposes of the Stock Purchase Agreement and as of the specific dates; were solely for the benefit of the parties to the Stock Purchase Agreement; may be subject to limitations agreed upon by the parties, including being qualified by disclosures made for the purposes of allocating contractual risk between the parties to the Stock Purchase Agreement instead of establishing these matters as facts; and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations and warranties or any description thereof as characterizations of an actual state of facts or condition of any of the parties to the Stock Purchase Agreement or any of their subsidiaries or affiliates. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the Stock Purchase Agreement, which information may or may not be fully reflected in public disclosures.
The completion of the Transaction is subject to certain customary closing conditions, including, but not limited to: (i) the absence of any order or action by any court or governmental authority that prohibits or renders illegal the consummation of the Transaction, and (ii) the receipt of all necessary governmental and/or regulatory permits and authorizations, including those required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), or other antitrust laws, and the expiration of any applicable waiting periods under the HSR Act or applicable antitrust laws. The parties currently expect the Transaction to close in the third fiscal quarter of FY 2022. Under the terms of the Stock Purchase Agreement, the Company may determine, in its sole discretion, to obtain debt financing to fund any portion of the purchase price for the Transaction.
The foregoing summary of the Stock Purchase Agreement and the transactions contemplated thereby does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Stock Purchase Agreement, a copy of which is attached hereto as Exhibit 2.1 and incorporated by reference herein.
Item 7.01. Regulation FD Disclosures.
On
1
--------------------------------------------------------------------------------
Item 9.01. Financial Statements and Exhibits
(d) Exhibits. Exhibit No. Description 2.1 Stock Purchase Agreement, dated as ofSeptember 9, 2021 , by and amongVista Outdoor Inc. , the Seller Guarantors named therein, the Sellers named therein,WAWGD, Inc. (d/b/aForesight Sports, Inc. ),WAWGD NEWCO, Inc. , andFortis Advisors LLC , as Seller Representative 99.1 Press release ofVista Outdoor Inc. datedSeptember 10, 2021 . 2
--------------------------------------------------------------------------------
© Edgar Online, source