LEGAL PROCEEDINGS
−Removed: From time to time, the Company may become subject to various legal proceedings that are incidental to the ordinary conduct of its business.
−Removed: Although the Company cannot accurately predict the amount of any liability that may ultimately arise with respect to any of these matters, it makes provision for potential liabilities when it deems them probable and reasonably estimable.
−Removed: These provisions are based on current information and legal advice and may be adjusted from time to time according to developments.
−Removed: The following parties have filed claims against Hammer Fiber Optics Investments Ltd and are not secured:
−Removed: Calvi Electric v.
−Removed: Hammer Fiber Optics Inv, Ltd.
−Removed: Horizon Blue Cross v.
−Removed: Hammer Fiber Optics Inv, Ltd.
−Removed: Cross River Fiber v.
−Removed: Hammer Fiber Optics Inv, Ltd.
−Removed: Cross River Fiber has advanced its claim against Hammer Fiber Optics Investments, Ltd.
−Removed: Cross River Fiber has expanded its claim to include Hammer Fiber Optics Holdings Corp, 1stPoint Communications, LLC, Endstream Communications, LLC, Open Data Centers, LLC, Manhattan Carrier Company, LLC, Erik Levitt personally, Local Telecommunications Services – FL, LLC, Local Telecommunications Services – NY, LLC, American Network Inc and Hammer Wireless Corporation.
−Removed: There never was, nor has there ever been, a contract between any of these entities or Mr.
−Removed: Levitt personally and Cross River Fiber, nor is there any security under the agreement between Cross River Fiber and Hammer Fiber Optics Investments, Ltd.
−Removed: After discovery in the claim against Hammer Fiber Optics Holdings Corp and its subsidiaries, A trial occurred on February 5 th and 6 th of 2024 and a ruling was issued at the end of the trial in favor of Hammer Fiber Optics Holdings Corp and its subsidiaries.
−Removed: An award was given to Cross River against one of the related parties to the claim of $25,000.
−Removed: The judgement has not yet been entered.
+Added: We are not currently involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations.
+Added: There is no action, suit, or proceeding by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our Company or our subsidiary, threatened against or affecting our Company, our common stock, our subsidiary or of our companies or our subsidiary's officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.
+Added: MINE SAFETY DISCLOSURES
+Added: Not applicable.
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.