Risk Factors Update Summary
- Stockholders now have the ability to obtain a favorable judicial forum for disputes.
- The company's top five Branded CPG customers accounted for approximately 31.6% of net revenues in 2022, increasing to 32.0% in 2023.
- Stockholders will receive $4.875 cash per share without interest, not equity interests of Parent.
- Licorice raw materials supplier supplied approximately 23% of total purchases in 2022, increasing to 32% in 2023.
- Failure to consummate the Merger could result in a termination fee of $20 million.
- Total indebtedness under the credit facility was $435.9 million in 2022, decreasing to $421.7 million in 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1753706&owner=exclude
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