We will be subject to business uncertainties while the Mergers are pending, which could adversely affect our businesses.
Because the exchange ratio in the Merger Agreement is fixed and because the market price of PR Class A Common Stock will fluctuate prior to the completion of the Merger, our stockholders cannot be sure of the market value of the PR Class A Common Stock they will receive as consideration in the Initial Company Merger.
The Merger Agreement subjects us to restrictions on our business activities prior to the Initial Company Merger Effective Time.
The Merger Agreement limits our ability to pursue alternatives to the Mergers.
Shares of PR Common Stock received by our stockholders as a result of the Mergers will have different rights from shares of our Common Stock.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
This discussion and other items in this Annual Report on Form 10-K contain forward-looking statements and information that are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this document, the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “may,” “will,” “project,” “forecast,” “plan,” “guidance,” “target,” “potential,” “possible,” or “probable,” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to numerous risks, uncertainties and assumptions. See Cautionary Statement Concerning Forward-Looking Statements in this report. Certain of these risks are summarized in this report under Item 1A. Risk Factors, which you should read carefully in connection with our forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated. We undertake no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For a discussion and analysis of our financial condition and results of operations for the year ended December 31, 2021 compared to December 31, 2020, see “Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on March 9, 2022.
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