Spok Holdings Postpones Investor Day Program due to Ongoing Strategic Alternatives Review Process

Rhea-AI Summary

On September 14, 2021, Spok Holdings, Inc. (NASDAQ: SPOK) announced the postponement of its Investor Day Program, initially set for October 11, 2021. This decision is attributed to an ongoing strategic alternatives review process, first disclosed on September 3, 2021. Meanwhile, the Connect 21 conference for Spok customers will take place virtually on October 11-12, 2021, with some sessions available to the investment community afterward. Further details will be provided at a later date.

Positive

• The Connect 21 conference allows customer engagement and could enhance customer retention.
• The company is actively reviewing strategic alternatives, which may lead to positive outcomes.

Negative

• Postponement of the Investor Day Program may raise concerns about the company's strategic direction.
• Ongoing strategic alternatives review suggests potential uncertainties regarding future operations.

ALEXANDRIA, Va.--(BUSINESS WIRE)-- Spok Holdings, Inc. (NASDAQ: SPOK) (the “Company”), today announced that its Investor Day Program, previously scheduled for October 11, 2021, has been postponed until further notice due to the Company’s ongoing strategic alternatives review process as announced on September 3, 2021. The Company’s Connect 21 conference for Spok customers will be held virtually on October 11-12, 2021, and certain sessions will be made available to the investment community subsequent to the event. The Company will provide more details in the future.

About Spok

Spok, Inc., a wholly owned subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), headquartered in Alexandria, Virginia, is proud to be a global leader in healthcare communications. We deliver clinical information to care teams when and where it matters most to improve patient outcomes. Top hospitals rely on the Spok Go® and Spok Care Connect® platforms to enhance workflows for clinicians and support administrative compliance. Our customers send over 100 million messages each month through their Spok® solutions. When seconds count and patients’ lives are at stake, Spok enables smarter, faster clinical communication. For more information, visit spok.com or follow @spoktweets on Twitter.

Spok is a trademark of Spok Holdings, Inc. Spok Go and Spok Care Connect are trademarks of Spok, Inc.

Safe Harbor Statement under the Private Securities Litigation Reform Act:

Statements contained herein or in prior press releases which are not historical fact, such as statements regarding Spok’s future operating and financial performance are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that may cause Spok’s actual results to be materially different from the future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expectations include, but are not limited to, declining demand for paging products and services, continued demand for our software products and services, 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, adverse economic, political or market conditions in the U.S. and international markets and other factors such as natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as coronavirus disease 2019 (COVID-19), as well as other risks described from time to time in our periodic reports and other filings with the Securities and Exchange Commission. Although Spok believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Spok disclaims any intent or obligation to update any forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210914005151/en/

Investor Contact

Lisa Fortuna or Mike Cummings

+1 (312) 445-2866

spok@alpha-ir.com



Media Contact

Sloane & Company

Dan Zacchei / Joe Germani

Sloane-Spok@Sloanepr.com

Source: Spok Holdings, Inc.

FAQ

What is the reason for the postponement of Spok Holdings' Investor Day Program?

The Investor Day Program is postponed due to Spok's ongoing strategic alternatives review process.

When will Spok Holdings' Connect 21 conference take place?

The Connect 21 conference is scheduled for October 11-12, 2021.

What implications does the postponement of the Investor Day have on SPOK's stock?

The postponement raises concerns about Spok's strategic direction, which could affect investor confidence in SPOK's stock.

What are the forthcoming details regarding Spok's Investor Day Program?

Further details about the postponed Investor Day Program will be provided by Spok at a later date.

How does Spok Holdings aim to improve patient outcomes?

Spok delivers clinical information to care teams through its platforms, enhancing workflows and supporting compliance.