P10 Holdings Completes Previously Announced Transaction

Rhea-AI Summary

P10 Holdings, Inc. (OTC: PIOE) has finalized a significant transaction previously announced on August 25, 2020. The company's Certificate of Incorporation includes specific provisions safeguarding tax benefits related to its net operating losses, which restrict share transfers that create new 4.99% shareholders or allow existing ones to acquire more shares. The release also includes forward-looking statements addressing possible uncertainties and risks that may impact P10's future performance, including capital needs and regulatory challenges.

Positive

• Successful closure of a transformative transaction.
• Protection of tax benefits through ownership limitations.

Negative

• Potential risks regarding regulatory actions and future capital requirements.

DALLAS, Oct. 02, 2020 (GLOBE NEWSWIRE) -- P10 Holdings, Inc. (OTC: PIOE) has successfully closed on the transformative transaction announced in the press release dated August 25, 2020.

Ownership Limitations

P10’s Certificate of Incorporation, as amended, contains certain provisions for the protection of tax benefits relating to P10’s net operating losses. Such provisions generally void transfers of shares that would result in the creation of a new 4.99% shareholder or result in an existing 4.99% shareholder acquiring additional shares of P10.

Important Cautions Regarding Forward-Looking Statements

This press release includes forward-looking statements that relate to the business and expected future events or future performance of P10 Holdings, Inc. and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about P10's ability to implement their business strategy, and their ability to consummate the contemplated transaction. The future performance of P10 may be adversely affected by various risks and uncertainties, including, without limitation, future capital requirements, regulatory actions or delays and other factors that may cause actual results to be materially different from those described or anticipated by these forward-looking statements. For a more detailed discussion of these factors and risks, investors should review P10's annual and quarterly reports. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. All forward-looking statements are qualified in their entirety by this cautionary statement, and P10 undertakes no duty to update this information to reflect future events, information or circumstances.

P10 Press and Investor Contact:
info@p10holdings.com

FAQ

What does the recent press release from P10 Holdings (PIOE) indicate?

The press release announces the successful closure of a significant transaction and discusses ownership limitations for tax benefits.

Are there any risks mentioned in the P10 Holdings (PIOE) press release?

Yes, it mentions potential regulatory challenges and future capital requirements as risks that could impact performance.

What provisions does P10 Holdings have regarding ownership limitations?

P10's provisions void transfers resulting in new 4.99% shareholders or additional shares for existing ones to protect tax benefits.

When was the transaction announced by P10 Holdings?

The transaction was initially announced on August 25, 2020.