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This website may contain forward-looking statements on our current expectations and projections about future events. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “thinks,” “seeks,” “targets,” “forecasts,” “could” or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe the objectives, plans or goals of Irenic Capital Management L.P. and its affiliates (collectively, “Irenic”) are forward-looking. Any forward-looking statements are based on Irenic’s current intent, belief, expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to differ materially. These factors include, among other things, (1) general economic and business conditions; (2) new governmental regulations and changes in, or the failure to comply with existing governmental regulation, (3) legislative proposals that impact Snap Inc.’s (the “Company”) industry or the way in which the Company does business, (4) competition, and (5) the Company’s ability to attract and retain qualified personnel. Any or all of such factors could cause actual results to differ materially from those set forth in the forward-looking statements contained in this website. There can be no assurance that (i) the securities of the Company (“Company Securities”) will trade at the prices that may be implied herein, and there can be no assurance that any opinion, forward-looking statement, estimate and projection herein is, or will be proven, correct, (ii) any of the proposed actions set forth in this website will be completed or (iii) that any of the assumptions underlying the forward-looking statements contained in this website are accurate. Any projections or analysis contained in this website may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any forward-looking statements, including projections, and analysis should not be viewed as factual and should not be relied upon as an accurate prediction of future results. Past performance is not indicative of future performance.
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Funds managed by Irenic currently beneficially own and/or have an economic interest in and may in the future beneficially own and/or have an economic interest in, Company Securities. Irenic intends to review its investments in the Company on a continuing basis and depending upon various factors, including without limitation, the Company’s financial position and strategic direction, the outcome of any discussions with the Company, overall market conditions, other investment opportunities available to Irenic, and the availability of Company Securities at prices that would make the purchase or sale of Company Securities desirable, Irenic may from time to time (in the open market or in private transactions) buy, sell, cover, hedge or otherwise change the form or substance of any of its investments (including Company Securities) to any degree in any manner permitted by law and expressly disclaims any obligation to notify others of any such changes. Irenic also reserves the right to take any actions with respect to its investments in the Company as it may deem appropriate.
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Snap has the potential to be a great company – and a double AI winner – through meaningfully improved operating efficiency and monetization.
Irenic has outlined 6 steps to 7x Snap’s share price to $26+ per share.
Irenic Capital Management
contact@irenicmgmt.com
Longacre Square Partners
irenic@longacresquare.com
