|View printer-friendly version|
The Offering was scheduled to close on
Obalon’s Audit Committee will oversee an internal investigation of these allegations (the “Investigation”). The Company is currently unable to predict the timing or outcome of the Investigation. Based on information known at this time, management does not currently believe material adjustments to the preliminary, unaudited revenue for Q4 2017 and full year 2017 previously reported by the Company will be required as a result of these allegations. The Company intends to make a further announcement regarding the outcome of the Investigation as soon as practicable.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the outcome of any internal investigation by the Company or its Audit Committee, including without limitation, any such investigation into the Company’s preliminary, unaudited Q4 2017 and full year 2017 financial results. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Although Obalon believes that the expectations reflected in such forward-looking statements are reasonable, the company cannot guarantee future events, results, actions, levels of activity, performance or achievements. Forward-looking statements are subject to risks and uncertainties that may cause Obalon’s actual activities or results to differ significantly from those expressed in any forward-looking statement, including risks and uncertainties related to the outcome of the Investigation and additional information that the Audit Committee may learn during the course thereof. These forward-looking statements speak only as of the date of this press release, and the company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
Chief Financial Officer
Office: +1 760 607 5103
Office Phone: +1 646 517 4220