BERLIN, June 1, 2022
/PRNewswire/ -- Spark Networks SE (NASDAQ: LOV), a leading social
dating platform for meaningful relationships, today announced
that it has initiated an exploration of strategic
alternatives. As part of this process, the Company plans to
consider a wide range of options including a potential sale, merger
or other strategic transaction, and continuing to operate as a
public, independent company.
"Spark is thriving from an operational standpoint and is
well-positioned to return to sustainable revenue growth," said
Eric Eichmann, the Company's Chief
Executive Officer. "Following approaches by a number of
parties interested in a potential transaction, we believe now is an
opportune time to explore a range of potential strategic
alternatives."
There can be no assurance that this process will result in the
Company pursuing a particular transaction or other strategic
outcome. The Company has not set a timetable for completion
of this process, and it does not intend to disclose further
developments unless and until it determines that further disclosure
is appropriate or necessary.
The Company has engaged Moelis & Company LLC to act as its
financial advisor and Jones Day to
act as its legal advisor in connection with the review.
About Spark Networks SE
Spark Networks SE (NASDAQ: LOV) is a leading social dating
platform for meaningful relationships focusing on the 40+
demographic and faith-based affiliations. Spark's widening
portfolio of premium and freemium dating apps include Zoosk,
EliteSingles, SilverSingles, Christian
Mingle, Jdate, and JSwipe, among others. Spark is
headquartered in Berlin, Germany, with offices in New
York and Utah.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such statements involve known and unknown risks,
uncertainties, and other factors that may cause Spark
Networks' performance or achievements to be materially
different from those of any expected future results, performance,
or achievements. These statements include statements regarding
Spark Networks' exploration of strategic alternatives, Spark
Networks' plans to consider a wide range of options including a
potential sale, merger or other strategic transaction, and
continuing to operate as a public, independent company, Spark
Networks being well-positioned to return to sustainable revenue
growth, whether third parties will be interested in pursuing a
potential transaction, and Spark Networks' belief that now is an
opportune time to explore a range of potential strategic
alternatives. Spark Networks' expectations and beliefs regarding
these matters may not materialize, and actual results in future
periods are subject to risks and uncertainties that could cause
actual results to differ materially from those projected.
Any statements in this press release that are not statements of
historical fact may be considered to be forward-looking statements.
Written words, such as "believes," "hopes," "intends," "estimates,"
"expects," "projects," "plans," "anticipates," "guides," and
variations thereof, or the use of future tense, identify
forward-looking statements. By their nature, forward-looking
statements and forecasts involve risks and uncertainties because
they relate to events and depend on circumstances that will occur
in the near future. There are a number of factors that could cause
actual results and developments to differ materially, the risk that
Spark Networks may not identify one or more strategic alternatives
or ultimately pursue a strategic alternative, the risk that Spark
Networks' exploration of strategic alternatives or the public
announcement thereof may be disruptive to Spark Networks' business
operations or cause Spark Networks' stock price to fluctuate
significantly, the risk that Spark Networks' exploration of
strategic alternatives may be time consuming and involve the
dedication of significant resources and may require Spark Networks
to incur significant costs and expenses, the risk that Spark
Networks' exploration of strategic alternatives could divert the
attention of Spark Networks' management and its board of directors
from the existing business operations, negatively impact Spark
Networks' ability to attract, retain and motivate key employees,
and expose Spark Networks to potential litigation in connection
with the process of exploring strategic alternatives or any
resulting transaction, among other risks and uncertainties, as well
as those factors more fully described in our filings with the
Securities and Exchange Commission ("SEC"), including Spark
Networks' Annual Report on Form 10-K for the year ended
December 31, 2021, under the heading
"Risk Factors," and other documents of Spark Networks filed, or to
be filed, with the SEC. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. All
forward-looking statements in this press release are made as of the
date hereof, based on information available to Spark Networks as of
the date hereof, and Spark Networks assumes no obligation to update
any forward-looking statement except as required by law. These
forward-looking statements should not be relied upon as
representing Spark Networks' assessments as of any date subsequent
to the date of this press release. Accordingly, undue reliance
should not be placed upon the forward-looking statements.
Contact
Investors:
Todd Kehrli
MKR Investor Relations, Inc.
lov@mkr-group.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/spark-networks-announces-exploration-of-strategic-alternatives-301558893.html
SOURCE Spark Networks SE