1. A sha eholde has p ese ted a petitio i espect of the Compa y i the G a d Cou t of the Cayma Isla ds co ce i g ce tai co po ate gove a ce a d sha e issua ce matte s. The p i cipal elief sought is a o de equi i g the pu chase of the sha eholde ‘s emai i g sha es at fai value, with the wi di g up of the Compa y sought i the alte ative.
The p oceedi gs emai at a ea ly stage a d o fi di gs have bee made by the Cou t o the substa tive allegatio s. No official o p ovisio al liquidato has bee appoi ted, the di ecto s emai i co t ol of the Compa y, a d the p oceedi gs have ot affected the Compa y’s ope atio s o its ability to co duct busi ess i the o di a y cou se.
2. Sepa ately, a putative secu ities class actio has bee filed agai st the Compa y i the U ited States Dist ict Cou t fo the Southe Dist ict of New Yo k o behalf of pu chase s of the Compa y’s secu ities betwee Ma ch 6, 2024 a d Septembe 11, 2024, with a lead plai tiff deadli e of Novembe 9, 2026. The Compa y i te ds to e gage litigatio cou sel a d actively defe d the actio .
The Compa y does ot p ese tly believe that the Cayma Isla ds p oceedi gs a e mate ial to the Compa y a d will eassess this positio , a d make such fu the disclosu e as may be app op iate, if ci cumsta ces mate ially cha ge.
This update is bei g p ovided volu ta ily i adva ce of the Compa y’s ext ao di a y ge e al meeti g o Septembe 29, 2026 so that sha eholde s have cu e t i fo matio ega di g these matte s.
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This p ess elease co tai s fo wa d-looki g stateme ts. I additio , f om time to time, we o ou ep ese tatives may make fo wa d-looki g stateme ts o ally o i w iti g. We base these fo wa d-looki g stateme ts o ou expectatio s a d p ojectio s about futu e eve ts, which we de ive f om the i fo matio cu e tly available to us. Such fo wa d-looki g stateme ts elate to futu e eve ts o ou futu e pe fo ma ce, i cludi g: ou fi a cial pe fo ma ce a d p ojectio s; ou g owth i eve ue a d ea i gs; a d ou busi ess p ospects a d oppo tu ities. You ca ide tify fo wa d-looki g stateme ts by those that a e ot histo ical i atu e, pa ticula ly those that use te mi ology such as “may,” “should,” “expects,” “a ticipates,” “co templates,” “estimates,” “believes,” “pla s,” “p ojected,” “p edicts,” “pote tial,” o “hopes” o the egative of these o simila te ms. I evaluati g these fo wa d-looki g stateme ts, you should co side va ious facto s, i cludi g: ou ability to cha ge the di ectio of the Compa y; ou ability to keep pace with ew tech ology a d cha gi g ma ket eeds; a d the competitive e vi o me t of ou busi ess. These a d othe facto s may cause ou actual esults to diffe mate ially f om a y fo wa d-looki g stateme t.
Fo wa d-looki g stateme ts a e o ly p edictio s. The fo wa d-looki g eve ts discussed i this p ess elease a d othe stateme ts made f om time to time by us o ou ep ese tatives, may ot occu , a d actual eve ts a d esults may diffe mate ially a d a e subject to isks, u ce tai ties, a d assumptio s about us. We a e ot obligated to publicly update o evise a y fo wa d-looki g stateme t.
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