Content analysis
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H.S. senior Avg
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New words:
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Removed:
altering, attend, back, capacity, consideration, continued, discontinued, discretion, distance, identify, improvement, inhibit, limit, manner, marketed, negotiated, notice, occurred, outpacing, personal, priority, privately, program, protection, rapidly, receive, rental, resilient, safe, schedule, scope, secure, semiconductor, staffing, structure, suspended, team, top, vacation
Financial report summary
?Management Discussion
- Effective December 30, 2022, the Company entered into a Subscription and Contribution Agreement with TechNexus Holdings LLC (“TechNexus”), whereby the Company transferred TH2Connect, LLC d/b/a Roadpass Digital (“Roadpass Digital”) and its associated legal entities to TN-RP Holdings, LLC (“TN-RP”), a new legal entity formed by TechNexus, in a non-cash transaction following which the Company and TechNexus own 100% of the Class A-RP units and Class C-RP units, respectively, issued by TN-RP. The Company also simultaneously entered into an Operating Agreement with TechNexus related to TN-RP whereby TechNexus will manage the day-to-day operations of TN-RP subject to certain protective rights maintained by the Company. The rights and privileges of the Company and TechNexus as unit holders of TN-RP are governed by the terms of the Operating Agreement, which includes provisions for distributions during its existence and at dissolution.