Aurora Investment: Better Overview
Better
Summary of Risks
Risks related to ownership of our common stock
76. There may not be an active trading market for our
common stock, which may make it difficult to sell shares of
our common stock.
77. Future sales of our common stock, or the perception in
the public markets that these sales may occur, may
depress the price of our common stock.
78. The price of our common stock may be volatile, and
you may be unable to resell your common stock at or
above the initial public offering price or at all.
79. There can be no assurance that we will be able to
comply with the continued listing standards of Nasdaq.
80. If securities or industry analysts do not publish research
or publish inaccurate or unfavorable research about us or
our business, the price of our common stock and trading
volume could decline.
81. We have broad discretion in the use of the proceeds
from this proposed transaction and may not use them
effectively.
82. Provisions in our amended and restated certificate of
incorporation and amended and restated bylaws and
Delaware law might discourage, delay or prevent a change
in control of our company or changes in our management
and, therefore, depress the market price of our common
stock.
83. Our amended and restated bylaws that will become
effective upon the closing of this proposed transaction
provide that the Court of Chancery of the State of
Delaware and the federal district courts of the United
States of America will be the exclusive forums for
substantially all disputes between us and our stockholders,
which could limit our stockholders' ability to obtain a
favorable judicial forum for disputes with us or our
directors, officers or team members.
84. Claims for indemnification by our directors and officers
may reduce our available funds to satisfy successful third-
party claims against us and may reduce the amount of
money available to us.
85. We do not expect to pay any cash dividends for the
foreseeable future.
86. Taking advantage of our “emerging growth company"
reduced reporting requirements may make our common
stock less attractive to investors.
87. We have identified material weaknesses in our internal
control over financial reporting. If we fail to maintain an
effective system of internal control over financial reporting,
we may not be able to accurately report our financial
results or prevent fraud. As a result, stockholders could
lose confidence in our financial and other public reporting,
which would materially and adversely affect our business,
financial condition, results of operations, and prospects,
and the trading price of our common stock.
88. Our financial information for the fiscal year ended
December 31, 2020 has not been audited, is preliminary
and subject to change. None of our historical financial
information has been audited in accordance with PCAOB
standards. As a result, our revenues, expenses and
profitability for these periods are subject to uncertainty
and may differ materially from the amounts set forth
herein. We cannot assure you that such financial
information would not be materially different if such
information had been audited in accordance with PCAOB
standards.
89. Our management team has limited experience
managing a public company.
90. Our issuance of capital stock in connection with
financings, acquisitions, investments, our equity incentive
plans or otherwise would dilute all other stockholders.
91. Transformation into a public company, including
compliance with the reporting requirements of the
Exchange Act, the requirements of the Sarbanes-Oxley Act
and the Dodd-Frank Act and the listing standards of
Nasdaq may strain our resources, increase our costs, divert
management's attention and disrupt the regular
operations of our business, and we may not be able to
comply with these requirements in a timely or cost-
effective manner.
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