Item 2.05. Costs Associated with Exit or Disposal Activities.
In response to the ongoing adverse effects of the COVID-19 pandemic on
Item 7.01. Regulation FD Disclosure.
On
The information in Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Note Regarding Forward Looking Statement
Certain statements in this Current Report on Form 8-K may contain
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements include statements regarding
expected costs associated with termination benefits and the financial and other
impacts of the reduction in force, the Redbox management team's current
expectations regarding the company's liquidity position, cost containment plans,
actions relating to exploration of strategic alternatives, and hopes, beliefs,
intentions or strategies regarding future events or future results.
Forward-looking statements are not guarantees of future actions, results,
performance or events, which may vary materially from those expressed or implied
in such statements. Differences may result from actions taken by Redbox or
their management, as well as from risks and uncertainties beyond their control.
Such risks and uncertainties include, but are not limited to, changes adversely
affecting the business in which Redbox is engaged, Redbox's ability to raise
financing in the future, fluctuations in Redbox's revenue and operating results,
unfavorable conditions or further disruptions in the capital and credit markets
and Redbox's ability to obtain additional capital on commercially reasonable
terms, Redbox's ability to generate cash, service indebtedness and incur
additional indebtedness, results and timing of Redbox's exploration of strategic
alternatives, the risks associated with demand for Redbox's services and
vulnerability to industry downturns and regional or national downturns,
competition from new and existing competitors, Redbox's dependence upon third
parties to provide certain content and services, and general economic and
political conditions. The foregoing list of risks and uncertainties is
illustrative but by no means exhaustive. For more information on factors that
may affect Redbox, please review the "Risk Factors" and other disclosures
described in Redbox's (and previously Seaport Global Acquisition's) public
reports filed with the
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