Item 1.01 Entry into a Material Definitive Agreement.
The information set forth in Item 1.03 below with respect to the Restructuring Support Agreement (as defined below) is incorporated herein by reference.
Item 1.03 Entry into Restructuring Support Agreement
On
The foregoing description of the Restructuring Support Agreement does not purport to be complete and is qualified in its entirety by reference to the Restructuring Support Agreement filed as Exhibit 10.1 hereto and incorporated herein by reference.
On
* * * * *
Cautionary Information Regarding Trading in the Company's Securities.
The Company's securityholders are cautioned that trading in the Company's
securities during the pendency of the Chapter 11 Case is highly speculative and
poses substantial risks. Trading prices for the Company's securities may bear
little or no relationship to the actual recovery, if any, by holders thereof in
the Company's Chapter 11 Case, and the effectiveness of the Plan is subject to
numerous conditions, including approval by the
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements, which are based on the Company's current expectations, estimates, and projections about the businesses and prospects of the Company and its subsidiaries, as well as management's beliefs, and certain assumptions made by management. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "should," "will" and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict.
-------------------------------------------------------------------------------- Item 9.01 Financial Statements and Exhibits. (d)Exhibits. Exhibit Description Number 10.1* Restructuring Support Agreement, datedMarch 27, 2020 by and between the Company, the Plan Sponsor, and other major shareholders of the Company, includingDr. Pehong Chen and Honu Holdings, LLC 99.1 Press Release, datedMarch 27, 2020 ET ______________
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