# EDGAR Filing Document

**Accession Number:** 0001837686
**File Stem:** 0001104659-25-102176
**Filing Date:** 2025-10
**Character Count:** 32635
**Document Hash:** aeabfe83874bdb34b267f441c1eb1e53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-102176.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0001104659-25-102176

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vimeo, Inc.
- **CENTRAL INDEX KEY:** 0001837686
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 854334195
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40420
- **FILM NUMBER:** 251416661

**BUSINESS ADDRESS:**
- **STREET 1:** 330 WEST 34TH STREET
- **STREET 2:** 5TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-524-8791

**MAIL ADDRESS:**
- **STREET 1:** 330 WEST 34TH STREET
- **STREET 2:** 5TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Vimeo Holdings, Inc.
- **DATE OF NAME CHANGE:** 20201222

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 14A**

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No.)

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| | |
|:---|:---|
| Filed by the Registrant ⌧ | Filed by the Registrant ⌧ |
| Filed by a Party other than the Registrant ◻ | Filed by a Party other than the Registrant ◻ |
| Check the appropriate box: | Check the appropriate box: |
| ◻ | Preliminary Proxy Statement |
| ◻ | **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))** |
| ◻ | Definitive Proxy Statement |
| ⌧ | Definitive Additional Materials |
| ◻ | Soliciting Material under §240.14a-12 |

---

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| | |
|:---|:---|
| **Vimeo, Inc.** | **Vimeo, Inc.** |
| (Name of Registrant as Specified In Its Charter) | (Name of Registrant as Specified In Its Charter) |
| (Name of Person(s) Filing Proxy Statement, if other than the Registrant) | (Name of Person(s) Filing Proxy Statement, if other than the Registrant) |
| Payment of Filing Fee (Check the appropriate box): | Payment of Filing Fee (Check the appropriate box): |
| ⌧ | No fee required. |
| ◻ | Fee paid previously with preliminary materials. |
| ◻ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 |

---

**The following communications are being filed in connection with the proposed transactions by and between Vimeo, Inc. ("Vimeo" or the "Company") and Bending Spoons US Inc., a Delaware corporation ("Parent"), Bending Spoons S.p.A., an Italian societá per azioni (solely for purposes of the sections specified in the Merger Agreement) ("Guarantor"), and Bloomberg Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub" and together with Parent and Guarantor, collectively referred to as "Bending Spoons"):**

**<u>POST ON COMPANY INTRANET</u>**

**The following messages were provided to Company employees on October 24, 2025 via the Company's intranet:**

Final Resource Document for Vimeans

**CONFIDENTIAL** \| this document is not to be distributed outside of Vimeo

This is the **final version** of the Bending Spoons acquisition documentation for Vimeo

**Table of Contents**

---

| | |
|:---|:---|
| **Overview** | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vimeo to be Acquired by Bending Spoons | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Positive Impact for Vimeo | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Who is Bending Spoons? | 2 |
| **FAQ for Vimeans** | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business Impact | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impact on Vimeans | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock & Equity | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vimeo Operations | 7 |
| **Legal Language - REQUIRED to be added to all broad-based external comms** | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional Information and Where to Find It | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participants in the Solicitation | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cautionary Statement Regarding Forward-Looking Statements | 14 |
| **External Language** | Tab 2 |

---

Overview

Vimeo to be Acquired by Bending Spoons

On September 10, 2025, Milan-based Bending Spoons entered a definitive agreement to acquire New York-based Vimeo, the leading video platform for business. For more information, read the press release <u>here</u>.

Positive Impact for Vimeo

Bending Spoons has an excellent track record of acquiring technology companies and delivering innovation and scale for its customers. The team at Bending Spoons, led by Luca Ferrari, Bending Spoons CEO and co-founder, has tremendous respect for the Vimeo brand, the Vimeo team, Vimeo partners, and, of course, Vimeo customers. Bending Spoons is committed to continued investment and expansion of the Vimeo product and growth segments across all Vimeo customer segments.

Both the Vimeo Board of Directors and the Bending Spoons leadership team believe that this transaction will unlock even greater focus for the Vimeo team and Vimeo's customers as Vimeo grows towards its global mission to be the largest and most trusted video platform for business.

FAQ for Vimeans

This section answers common questions about the acquisition of Vimeo by Bending Spoons. If you have additional questions, please contact the Vimeo Leadership Team, People Team, or Legal.

Business Impact

**What is happening?**

On September 10, 2025, we <u>announced</u> that Vimeo entered into a definitive agreement to be acquired by Bending Spoons, a technology company founded in 2013 and headquartered in Milan, Italy, with a team of 1,000 spread across dozens of countries (including the US). This is an all-cash transaction valuing Vimeo at approximately $1.38 billion. Under the terms of the agreement, Vimeo stockholders will receive $7.85 per share in cash for each share of Vimeo capital stock they own (including unvested equity).

Upon completion, subject to customary closing conditions and regulatory approvals, including approval by Vimeo's stockholders, Vimeo will become a privately held company fully owned by Bending Spoons. We expect the acquisition to close in Q4, 2025.

**Why are we selling Vimeo?**

Vimeo is a pioneer and trusted leader in online video, powering creation, management, and measurement for organizations worldwide. We believe this transaction positions us to benefit from Bending Spoons' technology and expertise to accelerate innovation and growth in the video platform segment. As a public company, we have a responsibility to maximize stockholder value. The Board concluded that this all-cash offer provides our stockholders a compelling, immediate, and certain premium. We believe this combination helps us achieve our customer, product, and market ambitions faster.

**Are we in financial trouble?**

No. Vimeo is a financially sound company. This strategic transaction is intended to accelerate customer innovation, Vimeo's growth, and value for stockholders.

**Is September's reduction in workforce related to this acquisition?**

No. The Vimeo Leadership Team, supported by our Board, began the process several months ago to reduce our headcount in order to gain operational efficiencies. These actions were considered necessary for us to take as a business, regardless of any acquisition activity. Bending Spoons wasn't involved in the decision-making.

**Who is Bending Spoons?**

Bending Spoons acquires digital technology businesses that it believes have untapped potential, and aims to strengthen every aspect of the business—from software and infrastructure to design and customer support.

The Bending Spoons portfolio includes Brightcove, Evernote, komoot, Meetup, Remini, WeTransfer, and many other products. Collectively, their products reach over 300 million monthly active users and more than 10 million paying customers, including most Fortune 500 enterprises.

Bending Spoons is backed by highly respected institutional investors, including Baillie Gifford, Cox Enterprises, Durable Capital, and Neuberger Berman.

**Why is the acquisition good for Vimeo?**

After closing, Bending Spoons is determined to make ambitious investments in the US and other priority markets, and all key areas of the business, spanning both the creator and enterprise offerings. They'll focus on achieving even more stellar levels of performance and reliability, bringing advanced features to more customers, and continuing to release powerful and responsible AI-enabled features. We believe the acquisition enables Vimeo to move faster on our roadmap, expand globally, and operate with a long-term builder mindset.

**Why is the acquisition good for Bending Spoons?**

Bending Spoons has a track record of acquiring and improving digital businesses and invests with an indefinite ownership horizon. They value Vimeo's product, talent, customers, and potential, and envision an ambitious future.

**Will we still be a public company?**

After closing, Vimeo will become a private company fully owned by Bending Spoons. We expect the transaction to close in Q4 of 2025, subject to customary closing conditions and regulatory approvals, including approval by Vimeo's stockholders. Until then, we remain an independent publicly traded company, and it's business as usual.

**What does it mean to be a private company?**

Private company securities are not publicly traded on stock exchanges. At closing, Vimeo's common stock will be delisted, and stockholders will receive $7.85 in cash per share, subject to the terms of the merger agreement.

**What is the timeline from announcement to close?**

Vimeo's Board of Directors unanimously approved the transaction, which is expected to close in Q4 of 2025, subject to customary closing conditions and regulatory approvals, including approval by Vimeo's stockholders. For a breakdown of the general milestones we must cross in the transaction process, take a look at Jess' post on The Loop <u>here</u>.

**The agreement mentions Company Disclosure Schedule, but that is not publicly available, where can that be viewed?** 

It is not customary or required to file the disclosure schedules publicly, and they will not be made available.

**Is the agreement between Bending Spoons and Vimeo available for us to read?** 

Yes, it's publicly filed. You can access it on <u>investors.vimeo.com</u> or on the SEC's website, EDGAR.

**Will the U.S. Government shutdown have an impact on the acquisition timeline (looks like the SEC is impacted)?**

The SEC will continue to receive filings and honor existing timelines during the government shutdown. The SEC will not be reviewing preliminary proxy statements during the shutdown. Companies can file and mail definitive proxy statements 10 days after filing the preliminary proxy statement.

**Will we operate as a separate entity under Bending Spoons?**

Until closing, we remain an independent company focused on our current goals and strategy. Our responsibility as Vimeans is to stay focused, perform, and pursue our goals. After closing, Bending Spoons will evaluate and develop any future plans.

**When will employees meet leaders from Bending Spoons?**

Luca Ferrari, the Bending Spoons CEO and co-founder, joined a Mini-SOTV on Wednesday, September 10, 2025 with Philip for a fireside chat. The broader Bending Spoons team won't be introduced until after the acquisition closes.

**Will there be a Q3 Earnings Call?**

We do not currently expect to hold a Q3 earnings call. We expect to release written earnings results in accordance with SEC rules.

**What about REFRAME 2025?**

REFRAME is our second annual video innovation conference. It will be held as planned on October 23rd. We may slightly adjust some of the content that we had planned, but this is being actively discussed, and Charlie will work with Maya and the REFRAME team to adjust content as needed.

**Will Bending Spoons maintain Vimeo's AI policy and not train AI models with Vimeo user content?**

We understand that Bending Spoons has no plans to change this policy.

Impact on Vimeans

**Will anyone lose their job as a result of the acquisition?**

Post-closing, Bending Spoons will fully review the organization, which will be a process that likely takes a couple of months. During that process, they'll consider whether any organizational changes are needed. On the previous occasions when they've conducted a layoff at an acquired business, they've done so with transparency and respect, and provided substantial support for anyone impacted.

The decision-making behind the recently announced reduction in staff didn't involve Bending Spoons. As mentioned, Vimeo must act independently until closing.

**Will my compensation or benefits change?**

Your cash compensation and benefits (subject to applicable plans/programs) remain unchanged between now and closing. Normal Vimeo processes (e.g., merit increases, sales incentive plans, benefit renewals) will continue in line with our typical annual schedule. Equity awards (e.g., RSUs, stock options) will continue to vest on their normal schedules until closing, subject to plan terms.

**Do we know how our current healthcare benefits (health insurance, dental insurance, etc.) will be handled post-acquisition?** 

Post-close, Bending Spoons will have the ability to implement new benefit programs at its discretion, provided that for one year post-close, employee benefits (other than a few excluded items) will be no less favorable in the aggregate than what's provided as of closing.

Bending Spoons will also (i) recognize employees' service with Vimeo with respect to the benefit plans maintained by the surviving corporation, and (ii) use commercially reasonable efforts to waive any preexisting condition limitations otherwise applicable, honor any deductible, co-payment and out-of-pocket maximums incurred and waive any waiting period limitation or evidence of insurability requirement that have been satisfied.

**Will we still go through open enrollment at Vimeo and when can we expect that to happen?**

Yes! We're launching Open Enrollment in November. Our goals are to keep it as simple as possible. Stay tuned for more information.

**Will we pay out PTO?**

No. There is no change in employment status solely as a result of the merger, and as a result PTO, stays in place unless and until changes are communicated. Post-close, Bending Spoons will have the ability to implement new benefit programs at its discretion, provided that for one year post-close, employee benefits (other than a few excluded items), will be no less favorable in the aggregate than what's provided as of closing.

**Will there be bonus payouts for 2025?**

For eligible employees, Vimeo intends to pay bonuses in accordance and on schedule with our current plan, which typically occurs in February, subject to standard approvals.

**What is the funding level for annual bonuses and how will they be allocated?** 

Bending Spoons has committed to honoring our 2025 bonus funding level as agreed between Bending Spoons and Vimeo. Vimeo will be responsible for all 2025 bonus allocations within that budget.

**How will annual bonus and proration work if an employee is terminated before the bonus payout timelines in Q1 2026?**

Any participant in the 2025 Annual Bonus program who is involuntarily terminated without cause on or after the closing and prior to the payment date of such bonus will be entitled to receive the bonus, payable no later than at the same time as the 2025 annual bonuses are paid to other active employees of Vimeo.

**As a sales rep, will my commissions be impacted?**

Commissions earned before the closing are governed by your applicable sales incentive plan.

**Will my goals and objectives change, and how will that impact my earning potential?**

Today, our business objectives remain unchanged. Our responsibility as Vimeans is to stay focused, perform, and pursue our goals. As always, if you and your manager agree to modify your Goals & Objectives, you should be sure to update them in Lattice so that you can measure against updated areas of focus during your year-end performance review.

**How does this affect my job if the close happens while I am on maternity leave?** 

Under the merger agreement, employees who are on a leave of absence will not be treated differently than any other employees. The closing of the merger itself will not affect the employment status of Vimeo employees.

**Is there a pre-negotiated minimum severance?**

For one year post-close, Bending Spoons has agreed to provide severance benefits that are no less favorable than certain agreed-upon severance benefits. Additional details on the severance benefits will be shared in the future in due course.

**What happens to any unused/upcoming parental leave once the deal closes?** 

Post-close, Bending Spoons will have the ability to implement new benefit programs at its discretion, provided that for one year post-close, employee benefits (other than a few excluded items), will be no less favorable in the aggregate than what's provided as of closing. Bending Spoons will also be required to comply with applicable laws, including any statutorily mandated leaves, such as Family Medical Leave Act, or state-law required leaves.

**Are we still able to utilize our Grow/Gather budget?** 

Yes, absolutely! We encourage you to use it. Connection with teammates is critical, especially during periods of change.

**Given the announcement about the acquisition, will we still receive the second half of the "Total Supplemental Cash Award" we received during mid-year reviews?**

The Supplemental Cash program for 2025 will remain in place and be administered consistent with past practice, with the second half of current awards to be paid out around the same time 2025 annual bonuses are paid to active employees of Vimeo.

Stock & Equity

**What happens to my vested RSUs?**

Outstanding equity awards (including vested and unvested RSUs) will be cancelled and converted into cash awards in the amount of $7.85 per share, which will be paid to employees upon the close of the transaction.

**What happens to my unvested RSUs?**

Outstanding equity awards (including vested and unvested RSUs) will be cancelled and converted into cash awards in the amount of $7.85 per share, which will be paid to employees upon the close of the transaction.

**What happens to my SARs (Stock Appreciation Rights) or stock options?**

In-the-money SARs and stock options will be cancelled and converted into cash awards. The value of each SAR or stock option will be equal to the excess of the $7.85 Merger Consideration, less the exercise price of your SAR or stock option. Similar to RSUs, the cash payment will be made upon the close of the transaction.

Any SARs or stock options with an exercise price equal to or greater than $7.85 will be cancelled, and no cash award will be issued.

**Will Vimeo grant new RSUs or other equity before close?**

To be determined—we'll share updates if this changes.

**Will there be RSU or other equity grants after close?**

To be determined—post-closing programs will be considered after the acquisition closes.

**Can I sell my Vimeo shares before closing?**

You may only trade Vimeo stock in compliance with our Insider Trading Policy and, if you are a designated insider, within an open trading window. Our next trading window is expected to open on November 5 and close on December 5. Certain individuals involved in transaction work will not be permitted to transact. At closing, you'll be entitled to receive $7.85 per share for your Vimeo shares, including both vested and unvested RSUs, with payments made soon after closing. Contact Legal with questions regarding transacting in Vimeo stock.

**What consideration is being given to compensation for employees who don't currently hold RSUs?** 

Employees who don't hold RSUs are entitled to the same protections with regard to base salary or wages and short-term incentive opportunities as other employees generally. Bending Spoons has committed that for one year post-close, employees' base salary or wages will be no less than what's provided as of closing, and for the calendar year 2026, employees' short-term incentive opportunities will be no less than what's provided as of closing.

**What happens to my equity if the deal is not completed?**

If the deal is not completed, your equity will remain as it is, and continue vesting along current vesting schedules, subject to the terms of the current plan and applicable award agreements. In that event, we would remain a publicly traded company and will continue all operations, including equity grants, as normal.

Vimeo Operations

**Will my manager or department leader change?**

No organizational changes are planned prior to closing. We remain an independent company and should remain focused on our current goals and strategy.

**Will there be office or region changes or shutdowns?**

No changes are planned in this area prior to closing. As mentioned, Bending Spoons will conduct a thorough review of the business once the acquisition has closed.

It's worth noting that Bending Spoons has a globally distributed workforce, with 1,000 team members spread across dozens of countries (including the US), and fully supports remote work.

**How will we operate between now and closing?**

There are no planned operational changes before closing. The signing and announcement are the first steps in a multi-step process. Until closing, it's business as usual: Please stay focused on your responsibilities, KPI's, and our customers.

**How should we handle press inquiries?**

Do not respond to media or analyst inquiries. Direct them to press@vimeo.com or <u>Ronda Morra</u>. For investor or analyst inquiries, route to <u>investors@vimeo.com</u>.

**What are the social media rules?**

Please do not comment publicly about the transaction, whether on social media or elsewhere. Once the official press release appears on Vimeo's channels, you may like/reshare without additional commentary. Do not add opinions or amplify third-party articles about the deal. Any employee commentary can be attributed to Vimeo and may be subject to securities laws; this includes any anonymous comments or forums. Nothing here prevents you from truthfully communicating with any government agency, including the SEC.

**What's the deal with the CFO in light of this news?** 

On October 6, 2025 ,we announced that Austin Kaplicer moved into the role of Interim CFO, and Gillian Munson is continuing in a consulting capacity through either January 31, 2026 or the closing of the contemplated merger, whichever comes first. We'll share more information on the longer term CFO plan in due course.

**How are we handling talent acquisition and messaging for pending offers and future backfills?** 

We are continuing to hire for critical roles, and pending offers are still scheduled to join the organization as planned. Our Talent Acquisition team and hiring managers made sure to reach out to all candidates who have accepted an offer to inform them of the merger and answer any questions they may have.

**Additional Information and Where to Find It**

In connection with the proposed transaction by and among Vimeo, Inc. (the "Company"), Bending Spoons US Inc. ("Parent"), Bloomberg Merger Sub Inc. ("Merger Sub") and Bending Spoons S.P.A. ("Guarantor"), the Company expects to seek, and has filed with the Securities and Exchange Commission ("SEC") a proxy statement on Schedule 14A (the "Proxy Statement"), the definitive version of which has been sent or provided to Company stockholders, in connection with a special meeting of the Company's stockholders for purposes of obtaining, stockholder approval of the proposed transaction. The Company may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which the Company may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS AND DOCUMENTS INCORPORATED BY REFERENCE THEREIN, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement and other documents that are filed or will be filed with the SEC by the Company through the website maintained by the SEC at <u>www.sec.gov</u>, the Company's investor relations website at <u>investors.vimeo.com</u> or by contacting the Company's investor relations department at investors@vimeo.com.

**Participants in the Solicitation**

The Company and certain of its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the Company's stockholders in respect of the proposed transaction and any other matters to be voted on at the special meeting. Information regarding the Company's directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in the Company's proxy statement for its 2025 annual meeting of stockholders, which was filed with the SEC on April 29, 2025, the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed with the SEC on February 19, 2025, and in subsequently filed Current Reports on Form 8-K and Quarterly Reports on Form 10-Q, and is included in the Proxy Statement. Company stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the proposed transaction, including the interests of Company directors and executive officers in the proposed transaction, which may be different than those of Company stockholders generally, by reading the Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the proposed transaction. You may obtain free copies of these documents using the sources indicated above.

**Cautionary Statement Regarding Forward-Looking Statements**

This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These forward-looking statements are based on the Company's current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, its business and industry, management's beliefs and certain assumptions made by the Company, Parent, Merger Sub and Guarantor, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "could," "seek," "see," "will," "may," "would," "might," "potentially," "estimate," "continue," similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the proposed transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the ability of the parties to consummate the proposed transaction in the anticipated time period or at all; (ii) the satisfaction (or waiver) of closing conditions to the consummation of the proposed transaction, including the receipt of required regulatory approval and the requisite approval of the Company's stockholders; (iii) potential delays in consummation of the proposed transaction; (iv) risks associated with the disruption of management's attention from ongoing business operations due to the pendency and announcement of the proposed transaction; (v) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement; (vi) the Company's ability to implement its business strategy; (vii) significant transaction costs associated with the proposed transaction; (viii) the risk that Company's stock price may decline significantly if the proposed transaction is not consummated; (ix) the nature, cost and outcome of any potential litigation relating to the proposed transaction; (x) the risk that disruptions from the proposed transaction will harm the Company's business, including current plans and operations; (xi) the effects of the proposed transaction on relationships with employees, other business partners or governmental entities; (xii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; (xiii) legislative, regulatory and economic developments affecting the Company's business; (xiv) general economic and market developments and conditions; (xv) the evolving legal, regulatory and tax regimes under which the Company operates; (xvi) potential business uncertainty, including changes to existing business relationships, during the pendency of the merger that could affect the Company's financial performance; (xvii) restrictions during the pendency of the proposed transaction that may impact the Company's ability to pursue certain business opportunities or strategic transactions; and (xviii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as the Company's response to any of the aforementioned factors. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the Proxy Statement filed with the SEC in connection with the proposed transaction. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" in the Company's most recent annual and quarterly reports filed with the SEC and any subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed from time to time and available at <u>www.sec.gov</u>. While the list of factors presented here is, and the list of factors presented in the Proxy Statement is, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability and similar risks, any of which could have a material adverse effect on the Company's financial condition, results of operations, or liquidity. The forward-looking statements included herein are made only as of the date hereof. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.