Spok Holdings Confirms Receipt of Letter from Acacia Research
Summary
Spok’s Board of Directors intends to evaluate the letter in consultation with its regular independent financial and legal advisors. There can be no assurance that the letter and public announcement will lead to a formal proposal, offer or agreement. We deliver clinical information to care teams when and where it matters most to improve patient outcomes. When seconds count and patients lives are at stake, Spok enables smarter, faster clinical communication. Factors that could cause actual results to differ materially from those expectations include, but are not limited to, risks related to the COVID-19 pandemic and its effect on our business and the economy, other economic conditions such as recessionary economic cycles, higher interest rates, inflation and higher levels of unemployment, our ability to effectively develop, introduce and deploy our integrated communications platform and collaboration platform, Spok Go, declining demand for paging products and services, continued demand for our software products and services, our dependence on the U.S. healthcare industry, our ability to develop additional software solutions for our customers and manage our development as a global organization, the ability to manage operating expenses, particularly third-party consulting services and research and development costs, future capital needs, competitive pricing pressures, competition from traditional paging services, other wireless communications services and other software providers, many of which are substantially larger and have much greater financial and human capital resources, changes in customer purchasing priorities or capital expenditures, government regulation of our products and services and the healthcare and health insurance industries, reliance upon third-party providers for certain equipment and services, unauthorized breaches or failures in cybersecurity measures adopted by us and/or included in our products and services, the effects of changes in accounting policies or practices, our ability to realize the benefits associated with our deferred tax assets, future impairments of our long-lived assets, amortizable intangible assets and goodwill, and the outcome of the unsolicited takeover bid from Acacia Research Corporation, as well as other risks described from time to time in our periodic reports and other filings with the Securities and Exchange Commission.
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