Item 4 — Purpose of Transaction
On January 20, 2025, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Edge Autonomy Ultimate Holdings, LP, a Delaware limited partnership ("Edge"), Edge Autonomy, Echelon Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Issuer, and Echelon Purchaser, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of the Issuer, pursuant to which the Issuer will, via the mergers set forth in the Merger Agreement, acquire Edge Autonomy, a leading provider of field-proven uncrewed airborne system technology. As disclosed in the current report on Form 8-K filed by the Issuer on January 21, 2025, pursuant to the Merger Agreement, an affiliate of the Reporting Persons, Edge, will acquire shares of Common Stock at the closing of the transactions contemplated by the Merger Agreement.