Legal Proceedings
−Removed: From time to time, we may be subject to legal proceedings and claims that arise in the search for a potential target business.
−Removed: On August 10, 2022, we received a notice of election from Brivo, notifying us that Brivo had elected to terminate the Business Combination.
+Added: time to time, we may be subject to legal proceedings and claims that arise in the search for a potential target business.
+Added: August 10, 2022, we received a notice of election from Brivo, notifying us that Brivo had elected to terminate the Business Combination.
As a result of such election, the Business Combination was immediately terminated.
−Removed: We believe that prior to termination, Brivo breached the Business Combination Agreement, and that EMBUIA LLC, an affiliate of Dean M.
−Removed: Drako, the Chairman of the board of directors of Brivo, breached the Stockholder Support Agreement (as defined in the Business Combination Agreement), in each case, including breaching their respective obligations not to take certain actions in connection with a Company Acquisition Proposal (as defined in the Business Combination Agreement).
−Removed: Following a confidential settlement arrangement reached on October 26, 2022, we are no longer pursuing any remedies in connection with the termination of the Brivo Business Combination.
−Removed: Mine Safety Disclosures
−Removed: Not applicable.
+Added: We believe that prior to termination, Brivo breached
+Added: the Business Combination Agreement, and that EMBUIA LLC, an affiliate of Dean M.
+Added: Drako, the Chairman of the board of directors of Brivo,
+Added: breached the Stockholder Support Agreement (as defined in the Business Combination Agreement), in each case, including breaching their
+Added: respective obligations not to take certain actions in connection with a Company Acquisition Proposal (as defined in the Business Combination
+Added: Following a confidential settlement arrangement reached on October 26, 2022, we are no longer pursuing any remedies
+Added: in connection with the termination of the Brivo Business Combination.
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.