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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event Reported): October 19, 2021 (October 18, 2021)

 

Clearday, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware   0-21074   77-0158076

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

8800 Village Drive, Suite 106, San Antonio, TX 78217

(Address of Principal Executive Offices) (Zip Code)

 

(210) 451-0839

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001   CLRD   OTCQB

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Clearday, Inc. (the “Company” or “Clearday”), entered into an agreement, dated as of October 18, 2021 (the “EMC Agreement”), with Emerging Markets Consulting, LLC (“EMC”) to provide certain investor relations, including the distribution of press releases and other Company information. EMC Agreement provides for a term that is month to month. The initial fee under the EMC Agreement is $150,000. The Company has agreed to indemnify EMC and take appropriate actions to comply with Section 17(b) of the Securities Act of 1933, as amended. EMC will not act as a broker or dealer and will not receive any transaction based compensation.

 

The foregoing description of the EMC Agreement is a summary only, is not intended to be complete, and is qualified in its entirety by reference to the full text of the EMC Agreement, which is filed as an exhibit to this Current Report on Form 8-K.

 

Forward Looking Statements

 

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, as well as assumptions made by, and information currently available to, management and may include, but are not limited to, statements regarding the Company’s opportunities with its innovative products and services, and statements regarding the nature, potential approval and commercial success of Clearday and its product line, the effects of having shares of its capital stock traded on the OTC Market, the Company’s financial resources and cash expenditures. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” and other similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results may differ materially from those indicated by forward-looking statements as a result of various factors, risks and uncertainties. These factors, risks and uncertainties include, but are not limited to: the risks regarding the Company and its business, generally; risks related to the Company’s ability to correctly estimate and manage its operating expenses, including with respect to future financial and operating results; the ability to develop its innovate non-acute care businesses and the acceptance of its proposed products and services; the ability of the Company to protect its intellectual property rights; competitive responses to the Company’s businesses, including its innovative non-acute care business; unexpected costs, charges or expenses; regulatory requirements or developments; changes in capital resource requirements; and legislative, regulatory, political and economic developments. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC and the registration statement regarding the Company’s previously announced merger, that was filed and declared effective(registration no. 333-256138). The Company can give no assurance that the actual results will not be materially different than those based on the forward looking statements. The forward-looking statements included in this communication represent the Company’s views as of the date hereof. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

  

(d) Exhibits.

 

No.   Description
     
10.1   Agreement between the Company and Emerging Markets Consulting, LLC dated as of October 18, 2021
     
99.1   Press release by the Company dated October 19, 2021
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  CLEARDAY, INC.
     
  By: /s/ James Walesa
  Name: James Walesa
  Title: Chief Executive Officer
     
Dated October 19, 2021    

 

 

 

 

Exhibit 10.1

 

AGREEMENT

 

THIS AGREEMENT (the “Agreement”) is entered into as of this 18th day of October 2021, between Emerging Markets Consulting, LLC, a Florida Limited Liability Company (herein referred to as “EMC”) and Clearday, Inc., a Delaware corporation formerly known as Superconductor Technologies Inc. (herein referred to as “the Company”).

 

WITNESSETH:

 

A. Whereas, the Company routinely provides corporate information to various parties to further its business and opportunities;

 

B. Whereas, the Company requires assistance with the design, development, and dissemination of Corporate Information (“the Corporate Information”);

 

C. Whereas, EMC has experience in assisting entities similar to the Company in developing and disseminating Corporate Information; and

 

D. Whereas, the Company desires to engage EMC to assist in the development and dissemination of the Corporate

Information and EMC desires to accept the engagement upon the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows:

 

1. Appointment and Engagement

 

The Company hereby appoints and engages EMC and EMC accepts such appointment and engagement.

 

2. Authority and Description of Services

 

A. Services.

 

During the term of this Agreement, EMC will provide or cause other subcontractors to provide the following services, involving the Corporate Information from time to time as requested by the Company:

 

1. Introduction of EMC being hired press release
2. Full send to EMC Masterful database
3. Send to EMC Swiss/German lists
4. Purchase of vendor A/B/C/D/E/F email lists on a CPC basis
5. Landing Page distribution via Google/yandex/facebook/aol/bing/yahoo and many other industry networks
6. PUSH notifications via our data and multiple vendors
7. Native ads
8. Paid for ads in multiple financial journals
9. Distribution of Company Information to high net worth investors
10. Text message links
11. Full social media distribution. EMC will use its list of multiple top tier Facebook/Twitter/LinkedIn influencers

 

Recent election events have doubled certain media networks email databases. We are allowed to deploy IR content via these firms.

 

For purposes of this Agreement, the Corporate Information shall be deemed to include all information involving the Company provided to or disseminated in any fashion by EMC or the Company or which is in the public domain, including but not limited to information used in electronic media, web casts, information provided verbally or in writing, information provided to persons or entities in EMC’s email address database, information contained in press releases concerning the Company, and information disseminated about the Company at any seminar or trade show.

 

3. Compensation

 

i. The Company hereby agrees to make 1-month commitment to pay EMC the following non-refundable fees:

 

The sum of $150,000 to be paid upfront.

 

By: /s/ James S. Painter   By: /s/ James Walesa    
  Chief Executive Officer     Chief Executive Officer   Page 1 of 5

 

 

 

 

4. Duties of Company

 

a. Company shall supply EMC, on a regular and timely basis, with all approved data and information about the Company, its management, its products and/or services, and its operations. The Company shall be responsible for advising EMC of any facts that would affect the accuracy of any prior data and information previously supplied to EMC.

 

b. The Company shall promptly supply EMC with full and complete copies of all: (a) filings with all Federal and State securities agencies related to stockholder communications; (b) all shareholder reports and communications and press releases; (c) data and information supplied to any analyst, broker-dealer, market maker, or other member of the financial community; and (d) product/service brochures and sales materials.

 

c. EMC’s services and any print or advertorial materials developed by EMC will only be used for training purposes of EMC’s employees and/or for educational purposes or in connection with the Company’s products and/or services and will not be used in the offer or sale of the Company’s securities or in connection with any type of promotion or the Company’s securities.

 

d. The Company will notify EMC contemporaneously if any information or data being supplied to EMC has not been generally released or promulgated.

 

5. Reliance upon Company

 

The Company shall act diligently and promptly in providing materials to EMC and shall promptly inform EMC of any requested changes, misprints, errors or inaccuracies in any materials provided to or prepared by EMC. Prior to dissemination of any Corporate Information, the Company will review and verify all information contained therein is true and accurate in all respects. The Company will periodically consult with its legal counsel regarding compliance with Federal or State laws applicable to the services being provided under this Agreement. The Company acknowledges that EMC is relying exclusively upon the information it receives from the Company and the Company acknowledges that it is responsible for the truthfulness, completeness and reliability of the information provided to the Company. The Company, prior to providing information of any nature or type to EMC, will confirm that the information is accurate in all respects.

 

6. Activities of EMC

 

EMC’s activities pursuant to this Agreement or as contemplated by this Agreement do not constitute and shall not constitute acting as a securities broker or dealer or finder. Further, EMC shall not receive any compensation of any form for introducing or locating a potential investor or investor or members of the financial community to the Company.

 

7. Compliance with 17(b)

 

The Company will take all appropriate action to ensure that publishers of any publications containing the Corporate Information will comply with Section 17(b) of the 1933 Act regarding any publication, notice, circular, advertisement, newspaper, article, letter, investment service, or communication describing the Company or its securities which is disseminated, released, circulated, or published by EMC or any other party by use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails.

 

8. Indemnification

 

The Company agrees to indemnify, defend, release and hold harmless EMC, its officers, directors, agents, employees or assigns from and against any losses, liabilities, damages, deficiencies, costs or expenses (including interest, penalties and reasonable attorney’s fees and disbursements) based upon, arising out of or otherwise resulting from the relationship between EMC and the Company and/or arising from this Agreement. In the event that EMC determines it is entitled to indemnification, EMC shall give notice as reasonably practicable to the Company of any action, suit, proceeding or investigation or threat thereof in respect of which EMC may seek indemnity hereunder; provided, however, failure to so notify the Company shall not relieve EMC from any liability that it may have under this Agreement. EMC will not hold the company liable for any losses they incur from decline in security prices . Upon such notification, the Company shall pay all costs and fees for the defense of such action. EMC shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of the Company with retainer fees paid in advance by the Company as requested by any law firm selected by EMC.

 

9. Term of Agreement

 

This Agreement shall become effective upon execution hereof and remain in effect for a period of 1 month. The Company may renew this Agreement for successive 1 month terms in exchange for the Company providing or paying EMC compensation as per Paragraph 3 above.

 

By: /s/ James S. Painter   By: /s/ James Walesa    
  Chief Executive Officer     Chief Executive Officer   Page 2 of 5

 

 

 

 

10. Where Services shall be performed

 

EMC’s services shall be performed at EMC’s main office location or other such designated location as EMC deems the most advantageous for the services to be performed.

 

11. EMC as an Independent Contractor, Third Parties and Conflicts EMC is an independent contractor, and not an employee of the Company. EMC has no authority to bind the Company or any affiliate of the Company in any manner including any legal action, contract, agreement, or purchase, and such action cannot be construed to be made in good faith. EMC is not entitled to any medical coverage, life insurance, savings plans, health insurance, or any and all other benefits afforded Company employees. EMC shall be solely responsible for any Federal, State or local taxes. EMC may use subcontractors and third parties to provide the services set forth herein at its discretion. If the Company is listed on OTC Markets and concurrently engaged in Investor Relations, there is a possibility to get the promotional flag. The Company hereby acknowledges that EMC does, and shall, represent and service other and multiple clients in the same manner as it does the Company. Additionally, the Company hereby acknowledges that EMC may even represent companies which compete with the Company and that this Agreement is non-exclusive with regard to EMC’s services.

 

12. Records

 

All rights, title and interest in and to materials, records, notes, data, memorandum, models and documents pertaining to the Company and documents produced by EMC in the possession of EMC upon termination of this Agreement shall remain the property of EMC. Notwithstanding the foregoing, the Company shall have the right to use a copy of such information for its use and information provided to EMC by the Company shall remain the property of the Company .

 

13. Termination of Agreement

 

This Agreement may be terminated prior to the expiration of the term set forth herein as follows:

 

a. Upon the bankruptcy or liquidation of the other party; whether voluntary or involuntary;

b. Upon the other party taking the benefit of any insolvency law; and/or

c. Upon the other party having or applying for a receiver appointed for either party.

d. In the event the Company fails or refuses to cooperate with EMC, EMC shall have the right to terminate any further performance under this Agreement.

 

14. Representations of EMC

 

EMC makes no representation to the Company that any Corporate Information will result in any enhancement or benefit to the Company.

 

15. Agreement not to Hire

 

The Company acknowledges that EMC has expended considerable time, effort and expense in training its respective employees, advisors, independent contractors, subcontractors and EMC in methods of operation, and that the foregoing will acquire confidential knowledge and information as to accounts, customers, business patrons, databases, as well as confidential knowledge and information concerning the methods, forms, contracts and negotiations of EMC. As such, the Company is prohibited from employing any employee of EMC during the term of this Agreement for a period of five years after the date of execution of this Agreement without the written consent of EMC other than any employee that has separated from EMC for a period of at least 90 days and other than administrative personnel and only to the extent that the Company knows or should reasonably know that such individual was an employee of EMC.

 

16. Miscellaneous

 

16.1 Counterparts

 

This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other parties hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement. In the event any signature is delivered by facsimile transmission, the party using such means of delivery shall cause the manually executed Execution Page(s) hereof to be physically delivered to the other party within five (5) days of the execution hereof, provided that the failure to so deliver any manually executed Execution Page shall not affect the validity or enforceability of this Agreement.

 

16.2 Headings

 

The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this Agreement.

 

By: /s/ James S. Painter   By: /s/ James Walesa    
  Chief Executive Officer     Chief Executive Officer   Page 3 of 5

 

 

 

 

16.3 Severability

 

If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement or the validity or enforceability of this Agreement in any other jurisdiction.

 

16.4 Entire Agreement; Amendments

 

This Agreement and the instruments referenced herein contain the entire understanding of EMC and the Company, their affiliates and persons acting on their behalf with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor EMC makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be waived other than by an instrument in writing signed by the party to be charged with enforcement and no provision of this Agreement may be amended other than by an instrument in writing signed by the Company and EMC.

 

16.5 Notices

 

Any notices required or permitted to be given under the terms of this Agreement shall be sent by certified or registered mail (return receipt requested) or delivered personally, by responsible overnight carrier or by confirmed facsimile, and shall be effective five (5) days after being placed in the mail, if mailed, or upon receipt or refusal of receipt, if delivered personally or by responsible overnight carrier or confirmed facsimile, in each case addressed to a party. The addresses for such communications shall be:

 

If to the Company:

8800 Village Drive, Suite 106

SAN ANTONIO TX 78217

 

If to EMC:

Emerging Markets Consulting, LLC.

390 North Orange Avenue Suite 2300

Orlando, FL 32801

 

16.6 Successors and Assigns

 

This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns.

 

16.7 Third Party Beneficiaries.

 

This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

16.8 Further Assurances

 

The Company shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

16.9 Law and Arbitration

 

This Agreement shall be governed by and construed in accordance with the laws of the State of Florida applicable to contracts executed and performed in such State, without giving effect to conflict of law principles. All controversies, claims and matters of difference arising between the parties under this Agreement shall be submitted to binding arbitration in Palm Beach County, Florida under the Commercial Arbitration Rules of the American Arbitration Association (“the AAA”) from time to time in force (to the extent not in conflict with the provisions set forth herein). This agreement to arbitrate shall be specifically enforceable under applicable law in any court of competent jurisdiction. Notice of the demand for arbitration shall be filed in writing with the other parties to this Agreement and with the AAA. Once the arbitral tribunal has been constituted in full, a hearing shall be held and an award rendered as soon as practicable. The demand for arbitration shall be made within a reasonable time after the claim, dispute or other matter in question has arisen, and the parties are not making progress toward a resolution. In no event shall it be made after the date when institution of legal or equitable proceedings based on such claim, dispute or other matter would be barred by the applicable contractual or other statutes of limitations. The parties shall have reasonable discovery rights as determined by the arbitration. The award rendered by the arbitrators shall be final and judgment may be entered in accordance with applicable law and in any court having jurisdiction thereof. The decision of the arbitrators shall be rendered in writing and shall state the manner in which the fees and expenses of the arbitrators shall be borne.

 

By: /s/ James S. Painter   By: /s/ James Walesa    
  Chief Executive Officer     Chief Executive Officer   Page 4 of 5

 

 

 

 

16.10 Waivers

 

No delay on the part of any party in exercising any right, power, or privilege hereunder shall operate as a waiver thereof. Nor shall any waiver on the part of any party of any such right, power or privilege, nor any single or partial exercise of any such right, power or privilege, preclude any further exercise thereof or the exercise of any other such right, power or privilege. The rights and remedies of any party based upon, arising out of or otherwise in respect of any inaccuracy in or breach by any other party of any representation, warranty, covenant or Agreement contained in this Agreement shall in no way be limited by the fact that the act, omission, occurrence or other state of facts upon which any claim of any such inaccuracy or breach is based may also be the subject matter of any other representation, warranty, covenant or Agreement contained in this Agreement (or in any other Agreement between the parties) as to which there is no inaccuracy or breach.

 

16.11 Variations in Pronouns

 

Wherever the context shall so require, all words herein in the male gender shall be deemed to include the female or neuter gender and vice versa, all singular words shall include the plural, and all plural words shall include the singular. All pronouns and any variations thereof refer to the masculine, feminine or neuter, singular or plural, as the context may require.

 

16.12 Presumption Against Scrivener

 

Each party waives the presumption that this Agreement is presumed to be in favor of the party which did not prepare it, in case of a dispute as to interpretation.

 

16.13. Attorney’s Fees

 

In the event either party is in default of the terms or conditions of this Agreement and legal action is initiated or suit be entered as a result of such default, the prevailing party shall be entitled to recover all costs incurred as a result of such default including all costs, reasonable attorney fees, expenses and court costs through trial, appeal and to final disposition.

 

16.15. Authority

 

The Company has the full legal right and power and all authority and approval required to enter into, execute and deliver this Agreement and to perform fully the obligations hereunder including approval by the Board of Directors of the Company. This Agreement has been duly executed and delivered and is the valid and binding obligation of the Company enforceable in accordance with its terms, except as may be limited by bankruptcy, moratorium, insolvency, or other similar laws generally affecting the enforcement of creditors’ rights. The Company represents that except with respect to existing Corporate Information and properly licensed materials, the performance, distribution, or use of anticipated materials will not violate the rights of any third parties. The execution and delivery of this Agreement and the other agreements contemplated hereunder, and the consummation of the transactions contemplated hereby and thereby, and the performance by the Company of this Agreement, in accordance with their respective terms and conditions, will not:

 

a. Require the approval or consent of any foreign, federal, state, county, local, or other governmental or regulatory body or the approval or consent of any other person;

 

b. Conflict with or result in any breach or violation of any of the terms and conditions of, or constitute (or with notice or lapse of time or both would constitute) a default under any order, judgment, or decree applicable to the Company, or any instrument, contract, or other agreement to which the Company is a party or by or to which the Company is bound or subject; or

 

c. Result in the creation of any lien or other encumbrance on the assets or properties of the Company.

 

16.16. Failure

 

In the event EMC fails to perform its work or services hereunder for any reason, its entire liability to the Company shall not exceed the actual damage to the Company as a result of such non-performance. In no event shall EMC be liable to the Company or any other party for any indirect, special or consequential damages, nor for any claim against the Company by any person or entity arising from or in any way related to this Agreement.

 

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have executed this Agreement as of the date first written above.

 

Emerging Markets Consulting, LLC.   COMPANY: Clearday, Inc.    
   /s/ James S. Painter     /s/ James Walesa    
By: James S. Painter   By: James Walesa    
  Chief Executive Officer     Chief Executive Officer   Page 5 of 5

 

 

 

 

Exhibit 99.1

 

Clearday Enters into Investor Relations Agreement

 

Newsfile Corp.

 

 

 

San Antonio, Texas – (Newsfile Corp. – October 19, 2021)

 

Clearday, Inc. (OTCQB-CLRD) (“the Company”) is pleased to announce that it has entered into an agreement for electronic media and webcast services, design, development and dissemination services with Emerging Markets Consulting, LLC (EMC). EMC will be providing investor relation services to the Company, effective October 18, 2021. The EMC agreement has an initial term of 30 days, and the Company has paid EMC a non-refundable cash fee of $150,000 (USD). EMC distributes content to numerous investor relations consultants consisting of stockbrokers, investment bankers, fund managers and institutions that actively seek opportunities in the microcap and small-cap equity markets. Neither EMC nor any of its principals currently own any securities, directly or indirectly, of the Company or have any intentions to acquire any securities of the Company. The compensation to EMC does not include any equity compensation.

 

James Walesa, Chairman of Clearday, said: “Following our recent merger and listing on the OTCQB®, we believe the time is right to further our reach to investors. We expect the engagement of EMC will help us expand our corporate messaging and shareholder outreach.” It is Clearday’s intention to share with all investor groups our vision of care in the coming years.

 

James Painter, President of EMC, said, “With the tremulous year we have all faced, hope springs eternal. Working with Clearday is an honor and a privilege. The Company’s prospects met our stringent client requirements, and we are happy to have Clearday on our prestigious client roster.”

 

About Emerging Markets Consulting LLC.

 

Based in Orlando, Florida, Emerging Markets Consulting, LLC (EMC) brings multiple decades of combined experience in the investor relations industry. EMC is an international investor relations firm with affiliates around the world. EMC is relationship-driven and results-oriented with the goal of seeking attractive emerging companies and concentrating its resources and efforts to serve a limited number of high-quality clients. For more information, visit EMC’s website at http://www.emergingmarketsconsulting.com/.

 

About Clearday, Inc.

 

Clearday™ is an innovative non-acute longevity health care services company with a modern, hopeful vision for making high quality care options more accessible, affordable, and empowering for older Americans and those who love and care for them. Clearday has decade-long experience in non-acute longevity care through its subsidiary Memory Care America, which operates highly rated residential memory care communities in four U.S. states. Clearday at Home – its digital service – brings Clearday to the intersection of telehealth, Software-as-a-Service (SaaS), and subscription-based content.

 

 

 

 

Learn more about Clearday at www.myclearday.com.

Learn more about Clearday at Home at www.cleardayathome.com.

Learn more about Clearday Clubs at clubs.myclearday.com.

Learn more about the Clearday Network at https://business.cleardayathome.com

 

No Offer or Solicitation

 

This communication is not intended to be and shall not constitute an offer to sell, the solicitation of an offer to sell or an offer to buy or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

 

Forward-Looking Statements

 

This press release contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, as well as assumptions made by, and information currently available to, management and may include, but are not limited to, statements regarding the Company’s opportunities with its innovative products and services, and statements regarding the nature, potential approval and commercial success of Clearday and its product line, the effects of having shares of its capital stock traded on the OTC Market, the Company’s financial resources and cash expenditures. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” and other similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results may differ materially from those indicated by forward-looking statements as a result of various factors, risks and uncertainties. These factors, risks and uncertainties include, but are not limited to: the risks regarding the Company and its business, generally; risks related to the Company’s ability to correctly estimate and manage its operating expenses, including with respect to future financial and operating results; the ability to develop its innovate non-acute care businesses and the acceptance of its proposed products and services; the ability of the Company to protect its intellectual property rights; competitive responses to the Company’s businesses, including its innovative non-acute care business; unexpected costs, charges or expenses; regulatory requirements or developments; changes in capital resource requirements; and legislative, regulatory, political and economic developments. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC and the registration statement regarding the Company’s previously announced merger, that was filed and declared effective. The Company can give no assurance that the actual results will not be materially different than those based on the forward looking statements. The forward-looking statements included in this press release represent the Company’s views as of the date hereof. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. 

 

Investor Contact:

 

Ginny Connolly

infor@myclearday.com

1.210.451.0839