Park City Group Files Form S-3 Shelf Registration Statement
Provides Options for Potential Acquisitions or Growth Initiatives as Part of Capital Allocation Strategy
Although the Company has no current plans to raise capital and maintains a strong balance sheet with no debt and substantial cash, the Company filed the Registration Statement to provide it with options should the need arise.
“In conjunction with its capital allocation strategy, the Board of Directors and Management is more focused on retiring shares than issuing shares. However, many companies, lacking profitability and free cash flow generation, may find it harder to access capital, and could, therefore, become targets of opportunity for the Company,“ commented Randall K. Fields, Chairman and CEO of Park City Group. “The Company sees this filing as simply prudent to have a mechanism in place should strategic opportunities present themselves,”
About Park City Group:
Park City Group, Inc. (NASDAQ:PCYG), the parent company of ReposiTrak, Inc., a compliance, supply chain, and e-commerce platform that enables retailers, wholesalers, and their suppliers, to accelerate sales, control risk, and improve supply chain efficiencies. More information is available at www.parkcitygroup.com and www.repositrak.com.
Specific disclosure relating to Park City Group, including management's analysis of results from operations and financial condition, are contained in the Company's annual report on Form 10-K for the fiscal year ended June 30, 2022 and other reports filed with the Securities and Exchange Commission. Investors are encouraged to read and consider such disclosure and analysis contained in the Company's Form 10-K and other reports, including the risk factors contained in the Form 10-K.
Forward-Looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the
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Source: Park City Group, Inc.