Item 4 — Purpose of Transaction
The Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. On September 29, 2026, Mr. Honig issued a public letter to the Board of Directors of the Issuer (the "Board") expressing his view that the Board should take immediate steps to explore a sale of the Issuer. In reaching such conclusion, Mr. Honig raised his concerns with several developments at the Issuer, including leadership uncertainty, stalled growth, significant shareholder value destruction and a lack of confidence exhibited by insiders. In the letter, Mr. Honig requested that the Board retain an independent financial advisor and initiate a process to explore a sale of the Issuer, together with any other strategic alternatives that may be available to maximize shareholder value. Mr. Honig also requested for the Board to provide shareholders with meaningful transparency regarding the CEO search process, including the expected timeline for appointing a permanent CEO. The full text of the letter is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Reporting Persons intend to engage in communications with the Issuer's Board and management team regarding opportunities to enhance shareholder value, including commencing a strategic review process and potential leadership changes. The Reporting Persons intend to discuss their views with respect to the foregoing matters with the Issuer, its shareholders and other market participants. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in additional communications with management and the Board, engaging in discussions with shareholders of the Issuer or third parties, including potential acquirers, about the Issuer and the Reporting Persons' investment, making proposals to the Issuer concerning changes to the capitalization, ownership structure, including a sale of the Issuer as a whole or in parts, Board structure (including Board composition) or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, or changing their intention with respect to any and all matters referred to in Item 4.