Item 4 — Purpose of Transaction
The information in Item 4 is hereby amended by adding the following immediately after the twenty-fifth paragraph thereof: On September 24, 2024 the Company Parties filed Chapter 11 Cases in the Bankruptcy Court seeking relief under the Bankruptcy Code. On December 20, 2024, the Company Parties filed with the Bankruptcy Court the Plan, and on December 20, 2024 the Bankruptcy Court entered an order confirming the Plan (the "Confirmation Order"). On January 21, 2025 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company Parties emerged from the Chapter 11 Cases. As part of the transaction undertaken pursuant to the Plan, on the Effective Date and in connection with the effectiveness of, and in accordance with the terms of, the Plan and the Confirmation Order, the Issuer's outstanding Common Stock and all warrants to purchase the Issuer's Common Stock and any other equity-based instruments issued and outstanding immediately prior to the Effective Date were deemed cancelled, released, extinguished and of no further force or effect. Pursuant to the Plan and following the cancellation of Company's Common Stock and other equity interests on the Effective Date described above, the reorganized company issued new common equity interests to holders of Allowed DIP Claims (as defined in the Plan) and Allowed Term Loan Claims (as defined in the Plan), including the Managed Accounts. On January 21, 2025, upon the occurrence of the Effective Date under the Plan, the Restructuring Support Agreement terminated in accordance with its terms. As a result of the foregoing, any "group," as such term is used in Rule 13d-5 under the Act, that may be deemed to have been formed with the other parties to the Restructuring Support Agreement who beneficially owned shares of the Common Stock prior to the Effective Date of the Plan terminated on January 21, 2025.