Waitr Holdings Inc. Completes Acquisition of Bite Squad
Summary
“We are thrilled to announce the completion of the Bite Squad acquisition,” said Chris Meaux, founder and Chief Executive Officer of Waitr. We believe this transaction is a major growth step for us and positions us well to be a leading restaurant platform for online ordering and food delivery across underserved markets throughout the United States.” These forward-looking statements relate to expectations or forecasts for future events, including, without limitation, Waitr’s ability to successfully integrate Bite Squad, grow market share and achieve synergies from the acquisition. These forward-looking statements are based on information available to Waitr as of the date they were made, and involve a number of risks and uncertainties which may cause them to turn out to be wrong. Some factors that could cause actual results to differ include: any delay or inability of the combined company to realize the expected benefits and synergies of the transaction; the issuance of stock to consummate the acquisition and the dilution to Waitr’s existing stockholders relating thereto; the loss of management and other key employees; substantial non-recurring transaction, regulatory and integration costs and/or unknown liabilities; sales of Waitr’s stock in the future by shareholders of Bite Squad, which will hold a substantial portion of Waitr’s outstanding securities, and the resulting effect on the price of Waitr’s common stock; the risk that disruptions from the transaction will harm Waitr’s or Bite Squad’s business, including customer retention risk; competitive responses to the transaction; Waitr’s ability to effectively protect Bite Squad’s intellectual property rights; new market risks and operations in new geographies; and general economic and business conditions that affect the combined company following the transaction.