E2open Comments on Investor 13D Filing

Rhea-AI Summary

E2open responds to Schedule 13D filing by Elliott Investment Management

Positive

• E2open maintains open dialogue with shareholders
• Board of Directors and management team committed to creating long-term shareholder value

Negative

• None.

AUSTIN, Texas--(BUSINESS WIRE)-- E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today commented on the Schedule 13D filed on behalf of Elliott Investment Management, L.P. with the U.S. Securities and Exchange Commission. E2open encourages and maintains an open dialogue with all of our shareholders. Our Board of Directors and management team remain committed to creating long-term shareholder value and continue to take actions to achieve that objective.

About e2open

E2open is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 420,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 14 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.™ Learn More: www.e2open.com.

E2open and “Moving as one.” are the registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.

Safe Harbor Statement

Certain statements in this press release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about the Company's expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential," "outlook," "guidance" or the negative of those terms or other comparable terminology.

Please see the Company's documents filed or to be filed with the Securities and Exchange Commission, including the annual report filed on Form 10-K, and any amendments thereto for a discussion of certain important risk factors that relate to forward-looking statements contained in this press release. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control. These and other important factors may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231017163169/en/

FTI Consulting

e2open@fticonsulting.com

212-841-9308

Investor Relations:

Dusty Buell

dusty.buell@e2open.com

investor.relations@e2open.com

Source: E2open Parent Holdings, Inc.

FAQ

What is the Schedule 13D filing?

The Schedule 13D filing is a report that must be filed with the U.S. Securities and Exchange Commission (SEC) when an individual or group acquires more than 5% of a company's stock.

Who filed the Schedule 13D?

Elliott Investment Management, L.P. filed the Schedule 13D on behalf of E2open Parent Holdings, Inc.

What is E2open's response to the filing?

E2open encourages and maintains an open dialogue with all of its shareholders, and the Board of Directors and management team remain committed to creating long-term shareholder value.

What actions is E2open taking to achieve long-term shareholder value?

The PR does not provide specific details about the actions E2open is taking to achieve long-term shareholder value.