Intel warns of potential risks to U.S. government’s stake

In an SEC filing, Intel (INTC) named the following as potential risks to the U.S. Government’s ownership of significant equity interest in the company: “The timing of consummation of the transactions and the receipt of funding, and the ability to satisfy the conditions to funding, remain uncertain… The transactions are subject to risks from changes in laws, regulations, or their interpretations, as well as shifts in federal administration and congressional priorities… The financial, tax and accounting impacts of the transactions are being evaluated and are uncertain… The transactions eliminate the Company’s contractual rights to receive future funds under the DFA and Secure Enclave in the form of grants and may limit its ability to secure grants from government entities in the future… The transactions are dilutive to existing stockholders… The US Government’s equity position in the Company reduces the voting and other governance rights of stockholders and may limit potential future transactions that may be beneficial to stockholders… The Company’s non-US business may be adversely impacted by the US Government being a significant stockholder… The Company may experience other adverse consequences resulting from the announcement or completion of the transactions.”