Item 4 — Purpose of Transaction
The securities of the Issuer acquired by each of the Reporting Persons, as described in this Amendment, were acquired for investment purposes. On February 28, 2025, Spectrum Group International, Inc. ("SGI") merged with a subsidiary of the Issuer, in which transaction the holders of common stock of SGI received, as partial consideration, shares of Issuer Common Stock. The shares of Issuer Common Stock issued as consideration in the merger were valued at $27.51 per share. The Reporting Persons acquired beneficial ownership of Issuer Common Stock as merger consideration for their surrender of their SGI common stock as follows: Gregory N. Roberts 32,340 Issuer shares directly 289,316 Issuer shares through Silver Bow Ventures, LLC William A. Richardson 291,783 Issuer shares directly 289,316 Issuer shares through Silver Bow Ventures, LLC Silver Bow Ventures, LLC 289,316 Issuer shares In connection with the merger, the Reporting Persons have rights to acquire additional shares if and to the extent that the Issuer is not indemnified for breaches by SGI of its representations and covenants under the merger agreement in specified periods following the merger, as follows: Gregory N. Roberts 20,224 shares William A. Richardson 40,621 shares Silver Bow Ventures, LLC 20,224 shares These rights to acquire Issuer shares are not currently exercisable and will not become exercisable within 60 days of the filing date of this Amendment. Silver Bow Ventures, LLC surrendered shares of SGI common stock representing 18.7% of the outstanding class (the only outstanding class of SGI securities) in the merger. Not including their indirect holdings through Silver Bow Ventures, LLC, Mr. Richardson surrendered shares of SGI common stock representing 18.5% of the outstanding class and Mr. Roberts surrendered shares of SGI common stock representing 1.9% of the outstanding class in the merger. Mr. Richardson acquired 15% of the outstanding class of SGI common stock on February 18, 2025 by exercise of warrant for aggregate consideration of $2,090,000, paid with personal funds. The Reporting Persons, as investors in the Issuer, have no plans or proposals for the Issuer regarding matters listed in subsections (a) through (j) of Item 4 of Rule 13d-101. Mr. Roberts, in his capacity as Chief Executive Officer and a Director of the Issuer, participates in the management of the Issuer. In this regard, the Issuer has announced its intention to acquire ________, LLCn, the details of which are disclosed in the Issuer's Form 8-K filed on March __, 2025. Information in Item 4 in the Schedule 13D and Amendments Nos. 1 and 2 is incorporated by reference into this Item.