−Removed: The following information supplements our risks and uncertainties disclosed under "Risk Factors" in Item 1A of Part 1 of our Annual Report on Form 10-K for the year ended December 31, 2022.
−Removed: Additional risks and uncertainties not presently known to us or that are currently not believed to be significant to our business may also affect our actual results and could harm our business, financial conditions and results of operations.
−Removed: If any additional risks and uncertainties actually occur, our business, results of operations and financial condition could be materially and adversely affected.
−Removed: We may not be able to complete future acquisitions or joint venture transactions or successfully integrate them into our business, which could adversely affect our business or results of operations.
−Removed: We recently announced the proposed acquisition of the agriculture assets and technologies of Trimble through the formation of a joint venture of which we will own 85%.
−Removed: Closing the transaction is dependent upon obtaining required regulatory approvals (primarily competition and antitrust approvals), obtaining the necessary financing, and fulfilling other closing conditions, all of which, at least in part, are not within our control.
−Removed: In addition, acquisitions and joint venture transactions involve many risks, including the difficulty of determining the appropriate valuation, the challenges attendant to integrating the operations, technologies, services and products of the acquired lines of businesses, reactions by customers to the transaction, particularly the rate at which Trimble’s largest OEM customer reduces purchases of Trimble equipment, and the rate of replacement by the joint venture of those sales, personnel turnover, and the diversion of management's attention from other business matters.
−Removed: In addition, we may be unable to achieve anticipated benefits from the transaction in the time frame that we anticipate, or at all.
−Removed: All of these risks, as well as the others that typically accompany a large transaction, could adversely affect our business or results of operations .
−Removed: See Note 2 - Acquisitions within our Condensed Consolidated Financial Statements.
+Added: There have been no material changes to our risks and uncertainties disclosed under "Risk Factors" in Item 1A of Part 1 of our Annual Report on Form 10-K for the year ended December 31, 2023.
+Added: The risks and uncertainties described in our risk factors have the potential to materially affect our business, results of operations, financial condition and cash flows.
+Added: These risks are not exclusive and additional risks to which we are subject include the factors mentioned under “Forward-Looking Statements” and the risks described in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Quarterly Report on Form 10-Q.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
−Removed: There were no purchases of our common stock made by or on behalf of us during the three months ended September 30, 2023.
+Added: There were no purchases of our common stock made by or on behalf of us during the three months ended March 31, 2024.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.