The Reve se Stock Split will become effective at 12:01 a.m. Easte Time o August 13, 2026.
The Compa y’s Class B commo stock will co ti ue to t ade o the Nasdaq Capital Ma ket (“Nasdaq”) u de the symbol “KIDZ” a d is expected to begi t adi g o a split-adjusted basis at the ope i g of t adi g o August 13, 2026. The ew CUSIP umbe fo the Class B commo stock followi g the Reve se Stock Split will be 182744409.
The Reve se Stock Split is i te ded to i c ease the pe -sha e t adi g p ice of the Compa y’s Class B commo stock a d suppo t the Compa y’s effo ts to comply with Nasdaq’s co ti ued listi g equi eme ts, i cludi g Nasdaq’s mi imum bid p ice equi eme t. The e ca be o assu a ce that the Reve se Stock Split will esult i a y pa ticula t adi g p ice o e able the Compa y to mai tai complia ce with Nasdaq’s co ti ued listi g equi eme ts.
At the Compa y’s a ual meeti g of stockholde s held o Ju e 10, 2026, the Compa y’s stockholde s app oved a eve se stock split at a atio a gi g f om 1-fo -2 to 1-fo -50, with the exact atio to be dete mi ed by the Compa y’s Boa d of Di ecto s. O July 21, 2026, the Boa d of Di ecto s app oved the 1-fo -15 atio.
At the effective time, eve y fiftee (15) sha es of Class A commo stock a d eve y fiftee (15) sha es of Class B commo stock issued a d outsta di g immediately p io to the effective time will be combi ed automatically i to o e (1) sha e of the same class. The umbe of autho ized sha es of Class A commo stock a d Class B commo stock a d the $0.0001 pa value pe sha e of each class will emai u cha ged.
P opo tio al adjustme ts will be made, i acco da ce with the applicable te ms, to the umbe of sha es issuable a d the exe cise o co ve sio p ices u de the Compa y’s outsta di g wa a ts, co ve tible secu ities a d equity i ce tive pla s.
No f actio al sha es will be issued i co ectio with the Reve se Stock Split. A y f actio al sha e esulti g f om the Reve se Stock Split will be ou ded up to the ea est whole sha e, with ou di g fo be eficial holde s at The Deposito y T ust Compa y applied at the DTC pa ticipa t level.
Stockholde s holdi g thei sha es elect o ically i book-e t y fo m o th ough a b oke age accou t do ot eed to take a y actio . Stockholde s holdi g pape ce tificates may, but a e ot equi ed to, co tact the Compa y’s t a sfe age t, Co ti e tal Stock T a sfe & T ust Compa y, ega di g the p ocedu es fo excha gi g thei ce tificates.
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the safe ha bo p ovisio s of the U.S. P ivate Secu ities Litigatio Refo m Act of 1995. These stateme ts i clude stateme ts ega di g the timi g a d effective ess of the Reve se Stock Split, the a ticipated comme ceme t of split-adjusted t adi g, the expected effect of the Reve se Stock Split o the ma ket p ice of the Compa y’s Class B commo stock, a d the Compa y’s ability to comply with Nasdaq’s co ti ued listi g equi eme ts. Fo wa d-looki g stateme ts a e based o cu e t expectatio s a d assumptio s a d a e subject to isks a d u ce tai ties that could cause actual esults to diffe mate ially, i cludi g isks desc ibed i the Compa y’s fili gs with the Secu ities a d Excha ge Commissio . The Compa y u de takes o obligatio to update a y fo wa d-looki g stateme t except as equi ed by applicable law.
