Pivotal Agreement Meaning

Pivotal is currently analyzing several expressions of interest from several financial institutions, which will be used to finance both the transaction and KLD`s expansion objectives. Pivotal and KLD agreed to extend the date of the final contract to give the parties sufficient time to knowingly analyze these options and ensure that the initial delay does not impede the obtaining of an optimal agreement for Pivotal and KLD. NEW YORK–Acquisition Corp (NYSE: PVT, PVT. You and the PVT. W) (“Pivotal”) announced today that it has entered into an amendment to the previously announced final agreement with KLDiscovery (“KLD”), under which the external date of the proposed merger between the two parties has been extended from October 31, 2019 to November 6, 2019. On August 14, 2019, VMware announced merger discussions with Pivotal and a final agreement was signed on August 22, 2019 for the acquisition of Pivotal Software. [17] The merger was completed on December 30, 2019. [18] Pivotal filed a registration statement on Form S-4, including a proxy/forward statement, with the Securities and Exchange Commission (“SEC”), which will be used as part of its general meeting to approve the proposed transaction with KLD. The proxy statement/prospectus is sent to shareholders at the time of the vote on the proposed business combination. INVESTORS AND HOLDERS OF PIVOTAL SECURITIES ARE ASKED TO READ THE PROXY STATEMENT, PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE SUBMITTED CAREFULLY AND FULLY TO THE SEC WHEN AVAILABLE, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION.

Investors and securityholders can obtain free copies of the statement/prospectus and other documents containing important information about Pivotal and KLD via the SEC-managed website under www.sec.gov upon receipt of these documents from the SEC. Copies of documents that have been filed pivotally to the SEC can be obtained free of charge on Pivotal`s website at www.pivotalac.com or through a written request to Pivotal Acquisition Corp., c/o Graubard Miller, The Chrysler Building, 405 Lexington Avenue, 11th Floor, New York 10174. Identify the central agreements you need to get from your customer and be prepared to ask for them at the right time in the buying cycle. By looking at key agreements from a cross-section of companies and industries, business visions have discovered that they are consistently integrated into one of the five types: in most B2B sales situations, you practice a “Land and Expand” strategy, because you know that once you get your foot in the door, you look for ways to expand your relationship over time. One way to negotiate expansion opportunities is to establish quarterly business valuations with your clients. If you agree to conduct a quarterly audit with key executives to share the impact of what the partnership has achieved in the last quarter, including the agreed measures, this becomes a crucial agreement because it increases the possibility of expansion. This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements contained in this press release, with the exception of statements on historical facts, including, but not limited to statements on the future development of KLD`s finances and business for the full year 2019, the attractiveness of KLD`s product offering and platform, and the promise of value of KLD`s products, are forward-looking statements. If used in this press release, the words are “estimates,” “projected,” “expected,” “forecasts,” “plans,” “intentional,” “thinks,” “may,” “may,” “should,” “should,” “propose,” and variations in similar words or phrases (or negative versions of those words or phrases) must identify forward-looking statements.