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