VISN 8-K
Vistance Networks, Inc. (VISN)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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(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 (see General Instructions A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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 2.01. Completion of Acquisition or Disposition of Assets.
As set forth in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 1, 2026 (the “Original Form 8-K”), Vistance Networks, Inc., a Delaware corporation (the “Company” or “Vistance”) completed the previously announced sale of its RUCKUS reporting segment (the “Business”) to Belden, Inc., a Delaware corporation (“Belden”) on July 1, 2026, pursuant to the Purchase Agreement (the “Purchase Agreement”), dated as of April 29, 2026, which was attached as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 5, 2026. This Amendment No.1 on Form 8-K/A amends the Original Form 8-K to include Item 9.01 as set forth herein.
Item 9.01. Financial Statements and Exhibits.
The following unaudited pro forma condensed consolidated financial statements of Vistance reflecting the disposition of the Business pursuant to the Purchase Agreement, are filed as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated herein by reference:
(d) Exhibits
The following exhibits are hereby filed as part of this Current Report on Form 8-K.
Exhibit. |
Description. |
99.1 |
Vistance Networks, Inc. Unaudited Pro Forma Condensed Consolidated Financial Information |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
Dated: July 8, 2026 |
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Vistance Networks, Inc. |
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By: |
/s/ Kyle D. Lorentzen |
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Name: |
Kyle D. Lorentzen |
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Title: |
Executive Vice President and |
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Chief Financial Officer |
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Exhibit 99.1
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
On July 1, 2026, Vistance Networks, Inc. (“Vistance Networks”, or the “Company”) completed the sale of its RUCKUS Networks business (“Ruckus Business” or “Ruckus”) to Belden Inc. (“Belden” or the “Buyer”) for $1.846 billion in cash (the “Ruckus Sale Transaction” or the “Sale”). Ruckus provides wireless networks for enterprises and service providers. Product offerings include indoor cellular solutions such as indoor and outdoor Wi-Fi and long-term evolution (LTE) access points, access and aggregation switches; an Internet of Things suite, on-premises and cloud-based control and management systems; and software and software-as-a-service applications addressing security, location, reporting and analytics.
The following unaudited pro forma condensed consolidated financial statements were derived from the historical consolidated financial statements of Vistance Networks, which were prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP"). The unaudited pro forma condensed consolidated financial statements were prepared in accordance with Article 11 of Regulation S-X. The unaudited pro forma condensed consolidated financial statements were prepared for illustrative and informational purposes only and are not intended to represent what Vistance Networks’ results of operations or financial position would have been had the Sale occurred on the dates indicated. The unaudited pro forma condensed consolidated financial statements should not be considered indicative of Vistance Networks’ future results of operations or financial position. The actual financial position and results of operations may differ significantly from the unaudited pro forma condensed consolidated financial statements presented herein due to a variety of factors.
The unaudited pro forma condensed consolidated financial statements as of and for the three months ended March 31, 2026 have been derived from the historical unaudited condensed consolidated financial statements of Vistance Networks, included in Vistance Networks’ Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed with the Securities and Exchange Commission (“SEC”) on April 30, 2026. The unaudited pro forma condensed consolidated financial statements for the years ended December 31, 2025, 2024 and 2023 have been derived from the historical audited consolidated financial statements of Vistance Networks, included in Vistance Networks’ Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 26, 2026. The unaudited pro forma condensed consolidated financial statements and accompanying notes should be read in conjunction with Vistance Networks’ historical consolidated financial statements and accompanying notes.
The unaudited pro forma condensed consolidated statements of operations for the three months ended March 31, 2026 and for the years ended December 31, 2025, 2024 and 2023 reflect pro forma results of Vistance Networks’ operations as if the Sale had occurred on January 1, 2023. The unaudited pro forma condensed consolidated balance sheet as of March 31, 2026, gives effect to the Sale as if it had occurred on that date. The adjustments in the “Other Separation Adjustments” column in the unaudited pro forma condensed consolidated statements of operations give effect to the Other Separation Adjustments as if they occurred on January 1, 2025. The unaudited pro forma condensed consolidated balance sheet as of March 31, 2026, gives effect to the Other Separation Adjustments as if they had occurred on that date.
The Sale represents a strategic shift that has a material effect on Vistance Networks’ operations and financial results. Accordingly, in the second quarter of 2026, the Sale met the criteria under Accounting Standards Codification (“ASC”) 205-20, Presentation of Financial Statements, for discontinued operations, and the Company will present the Sale as a discontinued operation in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026. The Company believes that the adjustments included within the “Discontinued Operations of the Ruckus Business” column of the unaudited pro forma condensed consolidated financial statements are consistent with the guidance for discontinued operations under GAAP. Vistance Networks’ current estimates on a discontinued operations basis are subject to change as the Company finalizes discontinued operations accounting to be reported in its Annual Report on Form 10-K for the year ended December 31, 2026.
Article 11 of Regulation S-X requires that pro forma financial information include the following pro forma adjustments to the historical financial statements of the registrant as follows:
1
In addition, Regulation S-X permits registrants to reflect adjustments that depict synergies or dis-synergies of the acquisitions and dispositions for which pro forma effect is being given in the disclosures as management adjustments.
The following unaudited pro forma condensed consolidated statements of operations and unaudited pro forma condensed consolidated balance sheet reflect the following transactions in conjunction with the Ruckus Sale Transaction:
The Company expects to distribute a significant portion of the net proceeds to shareholders as a special distribution within 60 days following the closing of the Sale. The exact amount and timing of the distribution will be determined by the Board after closing and taking into account all relevant factors. Accordingly, no amounts related to the special distribution are reflected in the unaudited pro forma condensed consolidated financial statements.
The unaudited pro forma condensed consolidated financial statements do not contain any autonomous entity adjustments or potential synergies or dis-synergies that may occur in connection with the Sale.
2
Vistance Networks, Inc.
Unaudited Pro Forma Condensed Consolidated Balance Sheet
As of March 31, 2026
(In millions, except share amounts)
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Pro Forma Transaction Accounting Adjustments |
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Historical Vistance Networks |
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Discontinued Operations of the Ruckus Business (a) |
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Other Separation Adjustments |
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Notes |
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Pro Forma |
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Assets |
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Cash and cash equivalents |
$ |
2,510.0 |
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$ |
(191.7) |
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$ |
1,830.0 |
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(b) |
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$ |
4,148.3 |
Accounts receivable, net |
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377.4 |
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(108.9) |
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- |
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268.5 |
Inventories, net |
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336.9 |
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(81.7) |
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- |
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255.2 |
Prepaid expenses and other current assets |
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99.5 |
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(4.1) |
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- |
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95.4 |
Total current assets |
$ |
3,323.8 |
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$ |
(386.4) |
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$ |
1,830.0 |
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$ |
4,767.4 |
Property, plant and equipment, net |
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56.3 |
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(7.9) |
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- |
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48.4 |
Goodwill |
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764.6 |
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(495.9) |
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- |
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268.7 |
Other intangible assets, net |
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805.0 |
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(107.6) |
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- |
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697.4 |
Deferred income taxes |
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303.9 |
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(99.5) |
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- |
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204.4 |
Other noncurrent assets |
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189.4 |
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(27.4) |
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- |
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162.0 |
Total assets |
$ |
5,443.0 |
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$ |
(1,124.7) |
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$ |
1,830.0 |
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$ |
6,148.3 |
Liabilities and Stockholders’ Equity |
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Accounts payable |
$ |
164.6 |
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$ |
(39.2) |
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$ |
- |
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125.4 |
Accrued and other liabilities |
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334.0 |
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(154.3) |
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73.8 |
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(c)(h)(i) |
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253.5 |
Total current liabilities |
$ |
498.6 |
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$ |
(193.5) |
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$ |
73.8 |
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$ |
378.9 |
Deferred income taxes |
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69.4 |
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(1.5) |
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- |
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67.9 |
Other noncurrent liabilities |
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280.5 |
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(125.0) |
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- |
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155.5 |
Total liabilities |
$ |
848.5 |
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$ |
(320.0) |
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$ |
73.8 |
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$ |
602.3 |
Commitments and contingencies |
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Stockholders' equity: |
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Common stock, $0.01 par value: Authorized shares 1,300,000,000; Issued and outstanding shares: 225,513,374 |
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2.5 |
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- |
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- |
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2.5 |
Additional paid-in capital |
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2,491.7 |
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- |
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- |
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2,491.7 |
Retained earnings |
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2,454.4 |
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(804.7) |
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1,756.2 |
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(e) |
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3,405.9 |
Accumulated other comprehensive income |
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1.1 |
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- |
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- |
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1.1 |
Treasury stock, at cost: 19,766,856 shares |
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(355.2) |
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- |
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- |
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(355.2) |
Total stockholders' equity |
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4,594.5 |
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(804.7) |
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1,756.2 |
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5,546.0 |
Total liabilities and stockholders' equity |
$ |
5,443.0 |
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$ |
(1,124.7) |
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$ |
1,830.0 |
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$ |
6,148.3 |
See notes to unaudited pro forma condensed consolidated financial statements
3
Vistance Networks, Inc.
Unaudited Pro Forma Condensed Consolidated Statement of Operations
For the three months ended March 31, 2026
(In millions, except per share amounts)
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Pro Forma Transaction Accounting Adjustments |
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Historical Vistance Networks |
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Discontinued Operations of the Ruckus Business (a) |
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Notes |
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Other Separation Adjustments |
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Notes |
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Pro Forma |
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Net sales |
$ |
471.8 |
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$ |
(173.4) |
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$ |
- |
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$ |
298.4 |
Cost of sales |
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238.1 |
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(55.9) |
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- |
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182.2 |
Gross profit |
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233.7 |
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(117.5) |
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- |
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116.2 |
Transition service agreement income |
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1.1 |
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- |
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- |
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1.1 |
Operating expenses: |
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Selling, general and administrative |
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109.2 |
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(53.6) |
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- |
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55.6 |
Research and development |
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58.2 |
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(25.3) |
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- |
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32.9 |
Amortization of purchased intangible assets |
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34.1 |
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(12.5) |
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- |
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21.6 |
Restructuring costs, net |
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9.6 |
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(3.0) |
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- |
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6.6 |
Total operating expenses |
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211.1 |
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(94.4) |
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- |
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116.7 |
Operating income |
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23.7 |
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(23.1) |
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- |
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0.6 |
Other income, net |
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2.1 |
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(0.4) |
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- |
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1.7 |
Interest income |
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20.7 |
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- |
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- |
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20.7 |
Income from continuing operations before income taxes |
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46.5 |
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(23.5) |
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- |
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23.0 |
Income tax benefit |
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185.2 |
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5.1 |
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(f) |
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- |
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190.3 |
Income from continuing operations |
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231.7 |
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(18.4) |
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- |
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213.3 |
Series A convertible preferred stock dividends |
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(1.7) |
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- |
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- |
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(1.7) |
Net income from continuing operations attributable to common stockholders |
$ |
230.0 |
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$ |
(18.4) |
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$ |
- |
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$ |
211.6 |
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Earnings per share from continuing operations |
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Basic |
$ |
1.02 |
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(j) |
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$ |
0.94 |
Diluted |
$ |
0.97 |
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(j) |
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$ |
0.89 |
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Weighted average shares outstanding: |
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Basic |
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225.2 |
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(j) |
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225.2 |
Diluted |
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237.9 |
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(j) |
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237.9 |
See notes to unaudited pro forma condensed consolidated financial statements
4
Vistance Networks, Inc.
Unaudited Pro Forma Condensed Consolidated Statement of Operations
For the year ended December 31, 2025
(In millions, except per share amounts)
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Pro Forma Transaction Accounting Adjustments |
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Historical Vistance Networks |
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Discontinued Operations of the Ruckus Business (a) |
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Notes |
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Other Separation Adjustments |
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Notes |
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Pro Forma |
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Net sales |
$ |
1,931.6 |
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$ |
(686.8) |
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$ |
- |
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$ |
1,244.8 |
Cost of sales |
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975.7 |
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(230.4) |
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- |
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745.3 |
Gross profit |
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955.9 |
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(456.4) |
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- |
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499.5 |
Transition service agreement income |
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35.5 |
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- |
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16.1 |
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(d) |
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51.6 |
Operating expenses: |
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Selling, general and administrative |
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497.4 |
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(193.6) |
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2.4 |
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(h) |
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306.2 |
Research and development |
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283.5 |
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(118.4) |
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- |
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165.1 |
Amortization of purchased intangible assets |
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138.4 |
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(49.9) |
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- |
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88.5 |
Restructuring costs, net |
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19.7 |
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(3.4) |
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- |
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16.3 |
Other |
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4.8 |
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- |
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- |
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4.8 |
Total operating expenses |
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943.8 |
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(365.3) |
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2.4 |
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580.9 |
Operating income (loss) |
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47.6 |
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(91.1) |
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13.7 |
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(29.8) |
Other expense, net |
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(9.4) |
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1.8 |
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- |
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(7.6) |
Interest income |
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16.7 |
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- |
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- |
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16.7 |
Income (loss) from continuing operations before income taxes |
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54.9 |
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(89.3) |
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13.7 |
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(20.7) |
Income tax benefit |
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269.4 |
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31.2 |
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(f) |
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(3.1) |
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(g) |
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297.5 |
Income from continuing operations |
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324.3 |
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(58.1) |
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10.6 |
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276.8 |
Series A convertible preferred stock dividends |
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(68.9) |
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- |
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- |
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(68.9) |
Net income from continuing operations attributable to common stockholders |
$ |
255.4 |
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$ |
(58.1) |
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$ |
10.6 |
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$ |
207.9 |
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Earnings per share from continuing operations |
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Basic |
$ |
1.16 |
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(j) |
|
$ |
0.95 |
Diluted |
$ |
1.11 |
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(j) |
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$ |
0.90 |
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Weighted average shares outstanding: |
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Basic |
|
219.5 |
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(j) |
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219.5 |
Diluted |
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230.0 |
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(j) |
|
|
230.0 |
See notes to unaudited pro forma condensed consolidated financial statements
5
Vistance Networks, Inc.
Unaudited Pro Forma Condensed Consolidated Statement of Operations
For the year ended December 31, 2024
(In millions, except per share amounts)
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|||||
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Pro Forma Transaction Accounting Adjustments |
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|||||
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Historical Vistance Networks |
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Discontinued Operations of the Ruckus Business (a) |
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Notes |
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Pro Forma |
|||
Net sales |
$ |
1,382.6 |
|
$ |
(521.2) |
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$ |
861.4 |
Cost of sales |
|
777.5 |
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(223.7) |
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|
553.8 |
Gross profit |
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605.1 |
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(297.5) |
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|
307.6 |
Transition service agreement income |
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24.5 |
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|
- |
|
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|
|
24.5 |
Operating expenses: |
|
|
|
|
|
|
|
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Selling, general and administrative |
|
472.0 |
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(152.3) |
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|
|
319.7 |
Research and development |
|
247.5 |
|
|
(94.5) |
|
|
|
|
153.0 |
Amortization of purchased intangible assets |
|
165.1 |
|
|
(49.9) |
|
|
|
|
115.2 |
Restructuring costs, net |
|
36.7 |
|
|
(1.9) |
|
|
|
|
34.8 |
Total operating expenses |
|
921.3 |
|
|
(298.6) |
|
|
|
|
622.7 |
Operating loss |
|
(291.7) |
|
|
1.1 |
|
|
|
|
(290.6) |
Other income, net |
|
7.9 |
|
|
(0.8) |
|
|
|
|
7.1 |
Interest income |
|
10.9 |
|
|
- |
|
|
|
|
10.9 |
Loss from continuing operations before income taxes |
|
(272.9) |
|
|
0.3 |
|
|
|
|
(272.6) |
Income tax benefit |
|
66.9 |
|
|
(2.2) |
|
(f) |
|
|
64.7 |
Loss from continuing operations |
|
(206.0) |
|
|
(1.9) |
|
|
|
|
(207.9) |
Series A convertible preferred stock dividends |
|
(65.2) |
|
|
- |
|
|
|
|
(65.2) |
Net loss from continuing operations attributable to common stockholders |
$ |
(271.2) |
|
$ |
(1.9) |
|
|
|
$ |
(273.1) |
|
|
|
|
|
|
|
|
|
|
|
Loss per share from continuing operations |
|
|
|
|
|
|
|
|
|
|
Basic |
$ |
(1.27) |
|
|
|
|
(j) |
|
$ |
(1.27) |
Diluted |
$ |
(1.27) |
|
|
|
|
(j) |
|
$ |
(1.27) |
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
214.4 |
|
|
|
|
(j) |
|
|
214.4 |
Diluted |
|
214.4 |
|
|
|
|
(j) |
|
|
214.4 |
See notes to unaudited pro forma condensed consolidated financial statements
6
Vistance Networks, Inc.
Unaudited Pro Forma Condensed Consolidated Statement of Operations
For the year ended December 31, 2023
(In millions, except per share amounts)
|
|
|
Pro Forma Transaction Accounting Adjustments |
|
|
|||||
|
Historical Vistance Networks |
|
Discontinued Operations of the Ruckus Business (a) |
|
Notes |
|
Pro Forma |
|||
Net sales |
$ |
1,863.8 |
|
$ |
(739.4) |
|
|
|
$ |
1,124.4 |
Cost of sales |
|
963.5 |
|
|
(283.7) |
|
|
|
|
679.8 |
Gross profit |
|
900.3 |
|
|
(455.7) |
|
|
|
|
444.6 |
Transition service agreement income |
|
- |
|
|
- |
|
|
|
|
- |
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
|
512.4 |
|
|
(174.2) |
|
|
|
|
338.2 |
Research and development |
|
318.8 |
|
|
(111.2) |
|
|
|
|
207.6 |
Amortization of purchased intangible assets |
|
227.0 |
|
|
(49.9) |
|
|
|
|
177.1 |
Restructuring costs, net |
|
29.4 |
|
|
(3.2) |
|
|
|
|
26.2 |
Asset impairments |
|
472.3 |
|
|
- |
|
|
|
|
472.3 |
Total operating expenses |
|
1,559.9 |
|
|
(338.5) |
|
|
|
|
1,221.4 |
Operating loss |
|
(659.6) |
|
|
(117.2) |
|
|
|
|
(776.8) |
Other income, net |
|
75.5 |
|
|
0.3 |
|
|
|
|
75.8 |
Interest income |
|
11.1 |
|
|
- |
|
|
|
|
11.1 |
Loss from continuing operations before income taxes |
|
(573.0) |
|
|
(116.9) |
|
|
|
|
(689.9) |
Income tax expense |
|
(79.8) |
|
|
23.8 |
|
(f) |
|
|
(56.0) |
Loss from continuing operations |
|
(652.8) |
|
|
(93.1) |
|
|
|
|
(745.9) |
Series A convertible preferred stock dividends |
|
(61.8) |
|
|
- |
|
|
|
|
(61.8) |
Net loss from continuing operations attributable to common stockholders |
$ |
(714.6) |
|
$ |
(93.1) |
|
|
|
$ |
(807.7) |
|
|
|
|
|
|
|
|
|
|
|
Loss per share from continuing operations |
|
|
|
|
|
|
|
|
|
|
Basic |
$ |
(3.39) |
|
|
|
|
(j) |
|
$ |
(3.83) |
Diluted |
$ |
(3.39) |
|
|
|
|
(j) |
|
$ |
(3.83) |
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
210.9 |
|
|
|
|
(j) |
|
|
210.9 |
Diluted |
|
210.9 |
|
|
|
|
(j) |
|
|
210.9 |
See notes to unaudited pro forma condensed consolidated financial statements
7
Vistance Networks, Inc.
Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements
(In millions, unless otherwise noted)
1. BASIS OF PRESENTATION
The historical financial information as of and for the three months ended March 31, 2026, has been derived from and should be read in conjunction with the historical unaudited condensed consolidated financial statements of Vistance Networks, included in Vistance Networks’ Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, and the assumptions outlined in Note 2 below. The historical financial information for the years ended December 31, 2025, 2024 and 2023 has been derived from and should be read in conjunction with the historical audited consolidated financial statements of Vistance Networks, included in Vistance Networks’ Annual Report on Form 10-K for the year ended December 31, 2025, and the assumptions outlined in Note 2 below.
2. PRO FORMA ADJUSTMENTS AND ASSUMPTIONS
The following adjustments have been reflected in the unaudited pro forma condensed consolidated financial statements:
|
Amount |
|
Cash consideration received for sale of Ruckus |
$ |
1,846.0 |
Investment banker fees owed upon closing |
|
(16.0) |
Pro forma adjustment to cash and cash equivalents |
$ |
1,830.0 |
|
Amount |
|
Cash consideration received for sale of Ruckus |
$ |
1,846.0 |
Estimated unaccrued one-time transaction costs |
|
(16.4) |
Investment banker fees owed upon closing |
|
(16.0) |
One-time transaction bonus costs |
|
(2.4) |
Estimated taxes payable from the Sale |
|
(55.0) |
Pro forma adjustment to retained earnings |
$ |
1,756.2 |
8
Vistance Networks, Inc.
Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements
(In millions, unless otherwise noted)
The adjustment to selling, general and administrative of $2.4 in the unaudited proforma condensed consolidated statement of operations for the year ended December 31, 2025 reflects the one-time bonus costs assuming payment made on January 1, 2025.
|
Three Months Ended March 31, 2026 |
|
Year Ended December 31, 2025 |
|
Year Ended December 31, 2024 |
|
Year Ended December 31, 2023 |
||||
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations attributable to common stockholders |
$ |
211.6 |
|
$ |
207.9 |
|
$ |
(273.1) |
|
$ |
(807.7) |
|
|
|
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding - basic |
|
225.2 |
|
|
219.5 |
|
|
214.4 |
|
|
210.9 |
Dilutive effect of equity-based awards |
|
8.0 |
|
|
10.5 |
|
|
- |
|
|
- |
Dilutive effect of as-if converted Series A convertible preferred stock |
|
4.7 |
|
|
- |
|
|
- |
|
|
- |
Weighted average common shares outstanding - diluted |
|
237.9 |
|
|
230.0 |
|
|
214.4 |
|
|
210.9 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic: |
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) from continuing operations per share |
$ |
0.94 |
|
$ |
0.95 |
|
$ |
(1.27) |
|
$ |
(3.83) |
Diluted: |
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) from continuing operations per share |
$ |
0.89 |
|
$ |
0.90 |
|
$ |
(1.27) |
|
$ |
(3.83) |
9