What specific impacts are the forward-looking statements regarding Zoomin Groomin related to?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a "safe harbor" for such statements in certain circumstances. The forward-looking statements include statements or expectations regarding potential impacts of KPMG's resignation, ability and timing to complete the accounting review and audits, comprehensiveness of the Company's accounting review and ability to engage an independent accounting firm and related matters. These statements are based upon current expectations, estimates, projections, beliefs and assumptions of Company management, and there can be no assurance that such expectations will prove to be correct. Because forward-looking statements involve risks and uncertainties and speak only as of the date on which they are made, actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors, including but not limited to loss of key personnel or inability to engage accounting personnel as needed; inability to address the previously disclosed accounting matters; identification of additional material weaknesses or significant deficiencies; disagreements or additional reportable events that KPMG may identify in a letter addressed to the SEC pursuant to Item 304 of Regulation S-K; failure to engage an independent accounting firm, complete the audits and re-audits and file any required restatements and periodic reports; adverse effects resulting from the Company's common stock being delisted from the Nasdaq Stock Market LLC; risks relating to the substantial costs and diversion of personnel's attention and resources due to these matters and related litigation and other factors discussed in greater detail in the Company's infings with the SEC. You are cautioned not to place undue reliance on such statements and to consult the Company's most recent Annual Report on Form 10-K and other SEC filings for additional risks and uncertainties t
Source: Item 8 — 01. Other Events. (FDD pages 67–68)
What This Means (2025 FDD)
According to Zoomin Groomin's 2025 Franchise Disclosure Document, the forward-looking statements pertain to several potential impacts on the company. These statements include expectations or statements regarding the potential impacts of KPMG's resignation, the ability and timing to complete accounting reviews and audits, and the comprehensiveness of the company's accounting review, as well as the ability to engage an independent accounting firm. These forward-looking statements are based on the current expectations, estimates, projections, beliefs, and assumptions of the company's management. However, there is no guarantee that these expectations will be correct.
These statements carry risks and uncertainties, meaning actual events or results could significantly differ from those discussed. These risks include the loss of key personnel or the inability to engage accounting personnel as needed, the inability to address previously disclosed accounting matters, and the identification of additional material weaknesses or significant deficiencies. Disagreements or additional reportable events that KPMG may identify in a letter to the SEC, failure to engage an independent accounting firm, complete the audits and re-audits, and file any required restatements and periodic reports are also potential risks.
Furthermore, adverse effects could result from the company's common stock being delisted from the Nasdaq Stock Market LLC. The company also faces risks related to the substantial costs and diversion of personnel's attention and resources due to these matters and related litigation, as well as other factors detailed in the company's filings with the SEC. The document cautions against placing undue reliance on these statements and advises consulting the company's most recent Annual Report on Form 10-K and other SEC filings for additional risks and uncertainties.