Company CEO
This announcement follows the Company's previous statement that it will continue a process for sale of the Company under Chapter 11 Bankruptcy protection. No assurances can be made that the winning final binding offer in the process will propose to continue to operate the Company's business as a going concern and retain current employees in an integrated enterprise, or that the winning binding offer will result in any return to holders of the Company's common stock. Simultaneous to the sale process, the
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Cautionary Statements Related to Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the outcome and timing of any sale transaction, or if a transaction will occur at all, the potential for the Company to continue as an integrated enterprise and the Company's expectations regarding integration of its next rocket and the timing of launch. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the timing and outcome of the Company's current proceedings (the 'Chapter 11 Cases') under Chapter 11 of the United States Bankruptcy Code ('Chapter 11') and the Company's filing for relief under Chapter 11; the impact of the Termination and Debrand Agreement, dated
Additionally, the Company cautions that trading in the Company's common stock and warrants during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. Trading prices for the Company's common stock and warrants may bear little or no relationship to the actual recovery, if any, by holders of the Company's securities in the Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in its common stock and warrants.
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Senior Director of Communications (US)
T: +1 949 616 2504
E: Alison.patch@virginorbit.com
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