Bright Machines SPAC slide image

Bright Machines SPAC

Risk Factors (cont'd) Risks Related to Our Intellectual Property and Technology (cont'd) Increased information technology (IT) security threats and more sophisticated cyberattacks could pose a risk to our systems, networks, products, solutions and services. . + + We may be subject to damages resulting from claims that we or our employees have wrongfully used or disclosed alleged trade secrets of customers, suppliers and our employees' former employers. Risks Related to Being a Public Company . - . + Our software is highly complex and may contain undetected errors. Any such errors could impair our systems and negatively impact our business and results of operations. " Our management team has limited experience managing a public company. We will incur increased costs as a result of operating as a public company, and our management will be required to devote substantial time to new compliance initiatives and corporate governance practices. If securities or industry analysts do not publish research or reports about our business, if they adversely change their recommendations regarding our shares or if our results of operations do not meet their expectations, our share price and trading volume could decline. As a public company, we will become subject to additional laws, regulations and stock exchange listing standards, which will impose additional costs on us and may strain our resources and divert our management's attention. If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired. Our business, financial condition, and results of operations may fluctuate on a quarterly and annual basis, which may result in a decline in our stock price if such fluctuations result in a failure to meet the expectations of securities analysts or investors. Changes in financial accounting standards or policies have affected, and in the future may affect, our reported financial condition or results of operations. The combined company may be subject to securities litigation, which is expensive and could divert management's attention. Bright Machines. Ⓒ2021 Bright Machines, Inc. 53
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