Does Ledgers undertake any duty to update forward-looking statements?

According to Ledgers' 2025 Franchise Disclosure Document, Ledgers does not undertake any duty to update forward-looking statements. The FDD contains forward-looking statements regarding potential impacts related to accounting reviews, audits, and related matters. These statements are based on the current expectations, estimates, projections, beliefs, and assumptions of the company's management. However, there is no assurance that these expectations will be correct.

Because forward-looking statements involve risks and uncertainties, actual events or results could differ materially from those discussed in the statements. These risks and uncertainties include the loss of key personnel, inability to address accounting matters, identification of additional material weaknesses, disagreements with auditors, failure to engage an independent accounting firm, adverse effects from stock delisting, and costs related to litigation. Prospective franchisees are cautioned not to place undue reliance on these statements and to consult the company's most recent Annual Report on Form 10-K and other SEC filings for additional risks and uncertainties.

Ledgers' forward-looking statements are presented as of the date they are made, and the company explicitly states that it does not undertake any duty to update these statements. This means that Ledgers is not obligated to revise or update any forward-looking statements, whether due to new information, future events, or otherwise. This is a fairly standard disclaimer in franchise FDDs, as business conditions and financial results can change rapidly.

Prospective franchisees should be aware that any forward-looking statements made by Ledgers should be considered in light of this disclaimer. It is important to conduct thorough due diligence and not rely solely on these statements when making investment decisions. Instead, potential franchisees should seek independent financial and legal advice to assess the risks and opportunities associated with investing in a Ledgers franchise.