Item 8.01. Other Events.
On August 20, 2021, a purported stockholder of GO Acquisition Corp. (the
"Company") filed a complaint in the United States District Court for the
Southern District of New York (the "Complaint") against the Company, GO
Acquisition Founder LLC, the Company's founders and the Company's independent
directors (collectively, the "Defendants") alleging breach of certain provisions
of the Investment Company Act of 1940 (the "ICA"). The Complaint generally
asserts that the Company is subject to the ICA because, among other allegations,
the Company invested the proceeds of its initial public offering in securities
of the United States government and shares of money market mutual funds.
Stemming from this assertion, the Complaint alleges that the contracts pursuant
to which certain Defendants purchased the Company's securities violate the ICA
and that such purchases constitute payments that were in breach of the
Defendants' fiduciary duties under the ICA. The Complaint generally seeks a
declaratory judgment stating that the Company is an investment company under the
ICA, rescission of contracts whose formation and performance violate the ICA and
unspecified damages for breach of the Defendants' fiduciary obligations under
the ICA. The Defendants believe the claims asserted in the Complaint are without
merit and intend to vigorously defend this action.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of the federal securities laws, including statements regarding the
Defendants' belief that the claims asserted are meritless and the Defendants'
intention to vigorously defend the action. Forward-looking statements are
predictions, projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to differ
materially from the forward looking statements in this report. You should
carefully consider these and the other risks and uncertainties described in the
Company's annual report on Form 10-K and other documents the Company has filed
with the SEC. Those filings identify and address other important risks and
uncertainties that could cause actual events and results to differ materially
from those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are cautioned not to
put undue reliance on forward-looking statements, and the Company assumes no
obligation and does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events, or otherwise.
The Company does not give any assurance that it will achieve its expectations.
The inclusion of any statement in this report does not constitute an admission
by the Company or any other person that the events or circumstances described in
such statement are material.
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