Item 8.01. Other Events.
On
The Annual Meeting has been canceled due to the ongoing tender offer by
The Merger is expected to close in the second quarter of 2022, subject to customary closing conditions. Volt expects that the current members of the Board will continue as directors until the closing of the transaction. Upon closing of the transaction, Volt common stock will no longer be listed on any public market.
Important Information
The tender offer described in this communication commenced on
Forward-Looking Statements
This document includes forward-looking statements which reflect management's
current views and estimates regarding the ability of the parties to complete the
proposed transaction and the expected timing of completion of the proposed
transaction, among other matters. The words "anticipate", "assume", "believe",
"continue", "could", "estimate", "expect", "forecast", "future", "guidance",
"imply", "intend", "may", "outlook", "plan", "potential", "predict", "project",
and similar terms and phrases are intended to identify forward-looking
statements, although not all forward-looking statements contain these
identifying words. Volt cannot assure investors that future developments
affecting Volt will be those that it has anticipated. Actual results may differ
materially from these expectations due to uncertainties related to the timing
and expected financing of the tender offer and the Merger; uncertainty
surrounding how many of Volt's shareholders will tender their shares in the
tender offer; the possibility that any or all of the various conditions to the
consummation of the tender offer, including the failure to receive required
regulatory approvals from any applicable governmental entities, may not be
satisfied or waived in a timely manner, if at all; the possibility of business
disruptions due to transaction-related uncertainty; the occurrence of any event,
change or other circumstance that could give rise to the termination of the
Merger Agreement; and other risks and uncertainties including those identified
under the heading "Risk Factors" in Volt's most recent Annual Report on Form
10-K filed with the
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Any forward-looking statement made by Volt in this document speaks only as of the date hereof. Factors or events that could cause Volt's actual results to differ may emerge from time to time, and it is not possible for Volt to predict all of them. Volt does not undertake and specifically disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Item 9.01. Exhibits. (d) Exhibits Exhibit No. Exhibit 99.1 Press Release, dated as ofApril 13, 2022 . 104 Cover Page Interactive Data File (formatted as Inline XBRL) - 3 -
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