This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which statements involve substantial risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding our and our management team's hopes, beliefs, intentions or strategies regarding the future or our future events or our future financial or operating performance. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "will," "would", "guidance" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example, statements about: future financial performance and future business, strategic and operational initiatives and results. These forward-looking statements are subject to numerous risks and uncertainties and actual results may differ materially from those expressed in or implied by the forward-looking statements. These risks and uncertainties may relate to, among other things:
-- Our partnership with Capital One Services, LLC ("Capital One"); -- Our ability to service our outstanding indebtedness and satisfy related covenants; -- The impact of changes to our executive management team; -- Our ability to comply with the continued listing standards of Nasdaq and the continued listing of our securities on Nasdaq; -- Changes in our strategy, future operations, financial position, estimated revenue and losses, projected costs, prospects and plans; -- The implementation, market acceptance and success of our business model, growth strategy and new products; -- Our expectations and forecasts with respect to the size and growth of the travel and hospitality industry; -- The ability of our services to meet members' needs; -- Our ability to compete with others in the luxury travel and hospitality industry; -- Our ability to attract and retain qualified employees and management; -- Our ability to adapt to changes in consumer preferences, perception and spending habits and develop and expand our destination or other product offerings and gain market acceptance of our services, including in new geographic areas; -- Our ability to develop and maintain our brand and reputation; -- Developments and projections relating to our competitors and industry; -- The impact of natural disasters, acts of war, terrorism, widespread global pandemics or illness on our business and the actions we may take in response to them; -- Expectations regarding the time during which we will be an emerging growth company under the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"); -- Our future capital requirements and sources and uses of cash; -- The impact of our reduction in workforce on our expenses; -- The impact of market conditions on our financial condition and operations, including fluctuations in interest rates and inflation; -- Our ability to obtain funding for our operations and future growth; -- Our ability to generate positive cash flow from operations, achieve profitability, and obtain additional financing or access the capital markets to manage our liquidity; -- The impact on our liquidity as a result of the obligations in our contractual agreements, including covenants therein; -- The impact of the One Planet Group investment agreement and financing; and -- Our business, expansion plans and opportunities and other strategic alternatives that we may consider, including, but not limited to, mergers, acquisitions, investments, divestitures, and joint ventures.
We caution you that the foregoing list does not contain all of the forward-looking statements made in this press release. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, events, levels of activity, performance or achievements. Actual results are subject to numerous risks and uncertainties, including those related to the factors described above and as detailed in Part I, Item 1A of our most recent Annual Report on Form 10-K ("Form 10-K") filed with the Securities and Exchange Commission ("SEC"), those discussed in Management's Discussion and Analysis of Financial Condition and Results of Operations in Part I, Item 2 on our Form 10-Q and in Part II, Item 7 of our Form 10-K and those discussed in other documents we file with the SEC.
Should one or more of the risks or uncertainties described herein or in any other documents we file with the SEC occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements.
Investors should consider the risks and uncertainties described herein and should not place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and such statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
Contacts:
Investor Relations:
ir@inspirato.com
Media Relations:
Inspirato:
communications@inspirato.com
(END) Dow Jones Newswires
October 28, 2024 16:30 ET (20:30 GMT)
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