Company received a Staff Delisting Determination (the "Staff Determination"), dated August 3, 2026, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), stating that Nasdaq has determined to delist the Company’s securities.

Following the temporary suspension of trading in the Company’s securities by the U.S. Securities and Exchange Commission (the "SEC") from December 5, 2025 through December 18, 2025, Nasdaq halted trading in the Company’s securities on December 19, 2025. Nasdaq has now determined to delist the Company’s securities pursuant to its discretionary authority under Nasdaq Listing Rule IM-5101-4.

Nasdaq Listing Rule IM-5101-4 allows Nasdaq "to exercise discretion to delist a company from Nasdaq based on the potential for one or more third parties to engage in misconduct impacting a company’s securities where the SEC has implemented a temporary trading suspension." Nasdaq believes that the ability for third parties to manipulate a security’s price indicates that the security does not have sufficient liquidity to promote fair and orderly markets and, therefore, delisting is consistent with the protection of investors and the public interest.

The Company intends to request a hearing before a Hearings Panel pursuant to Nasdaq Listing Rule 5815. The hearing request will result in an automatic stay of any delisting or suspension action pending the issuance of a decision by the Hearings Panel. The Company’s securities will, however, remain subject to the existing trading halt unless and until Nasdaq lifts the halt.