Park City Group Files Form S-3 Shelf Registration Statement
14 8월 2023 - 8:00PM
Business Wire
Provides Options for Potential Acquisitions or
Growth Initiatives as Part of Capital Allocation Strategy
Park City Group, Inc. (NASDAQ: PCYG), parent company of
ReposiTrak, the world's largest food traceability and regulatory
compliance network, built upon its proven inventory management and
out-of-stock reduction SaaS platform, announced that it filed a
shelf registration statement on Form S-3 (the "Registration
Statement") with the Securities and Exchange Commission ("SEC") on
August 11, 2023.
Although the Company has no current plans to raise capital and
maintains a strong balance sheet with no debt and substantial cash,
the Company filed the Registration Statement to provide it with
options should the need arise.
“In conjunction with its capital allocation strategy, the Board
of Directors and Management is more focused on retiring shares than
issuing shares. However, many companies, lacking profitability and
free cash flow generation, may find it harder to access capital,
and could, therefore, become targets of opportunity for the
Company,“ commented Randall K. Fields, Chairman and CEO of Park
City Group. “The Company sees this filing as simply prudent to have
a mechanism in place should strategic opportunities present
themselves,”
About Park City Group:
Park City Group, Inc. (NASDAQ:PCYG), the parent company of
ReposiTrak, Inc., a compliance, supply chain, and e-commerce
platform that enables retailers, wholesalers, and their suppliers,
to accelerate sales, control risk, and improve supply chain
efficiencies. More information is available at
www.parkcitygroup.com and www.repositrak.com.
Specific disclosure relating to Park City Group, including
management's analysis of results from operations and financial
condition, are contained in the Company's annual report on Form
10-K for the fiscal year ended June 30, 2022 and other reports
filed with the Securities and Exchange Commission. Investors are
encouraged to read and consider such disclosure and analysis
contained in the Company's Form 10-K and other reports, including
the risk factors contained in the Form 10-K.
Forward-Looking Statement
Any statements contained in this document that are not
historical facts are forward-looking statements as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Words such
as “anticipate,” “believe,” “estimate,” “expect,” “forecast,”
“intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and
“will” and similar expressions as they relate to Park City Group,
Inc. (“Park City Group”) are intended to identify such
forward-looking statements. Park City Group may from time-to-time
update these publicly announced projections, but it is not
obligated to do so. Any projections of future results of operations
should not be construed in any manner as a guarantee that such
results will in fact occur. These projections are subject to change
and could differ materially from final reported results. For a
discussion of such risks and uncertainties, see “Risk Factors” in
Park City’s annual report on Form 10-K, its quarterly report on
Form 10-Q, and its other reports filed with the Securities and
Exchange Commission under the Securities Exchange Act of 1934, as
amended. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the dates on
which they are made.
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version on businesswire.com: https://www.businesswire.com/news/home/20230814916352/en/
Investor Relations: John Merrill, CFO
Investor-relations@parkcitygroup.com
Or FNK IR Rob Fink 646.809.4048 rob@fnkir.com
Park City (NASDAQ:PCYG)
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