Item 4 — Purpose of Transaction
Item 4 is hereby amended and supplemented as follows: The Reporting Persons acquired the Class A Stock and Warrants for investment purposes, and such purposes were made in the Reporting Persons' ordinary course of business. In pursuing such investment purposes, the Reporting Persons may further purchase, hold, vote, trade, dispose or otherwise deal in the Class A Stock and Warrants at times, and in such manner (including pursuant to hedging transactions), as they deem advisable to benefit from changes in market prices of the Class A Stock, changes in the Issuer's operations, business strategy or prospects, or from a sale or merger of the Issuer, and evaluate plans and proposals for potential extraordinary transactions involving the Issuer, such as potential business combinations, asset sales and financing transactions. To evaluate such alternatives, the Reporting Persons routinely will monitor the Issuer's operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as alternative investment opportunities, liquidity requirements of the Reporting Persons and other investment considerations. Consistent with their investment research methods and evaluation criteria, the Reporting Persons have engaged and intend to continue engaging in discussions regarding such matters with management or directors of the Issuer, other shareholders, industry analysts, existing or potential strategic partners or competitors, legal, investment and financing professionals (including advisers engaged by the Reporting Persons), sources of credit and other investors. Such factors and discussions may materially affect, and result in, the Reporting Persons' modifying their ownership of the Class A Stock and Warrants, exchanging information with the Issuer (or the Issuer's advisers) pursuant to appropriate confidentiality or similar agreements, proposing changes in the Issuer's operations, governance or capitalization, or in proposing one or more of the other actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate other plans and/or make other proposals, and take such actions with respect to their investment in the Issuer, including any or all of the actions set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D, or acquire additional shares of Class A Stock and Warrants or dispose of all shares of Class A Stock and Warrants beneficially owned by them, in public market or privately negotiated transactions. The Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing. Amended and Restated Credit Agreement and Incremental Warrants On March 12, 2025, the Issuer and certain of its subsidiaries (collectively, the "Loan Parties") entered into an amendment (the "Credit Agreement Amendment") to the Amended and Restated Credit Agreement, dated as of January 23, 2024 (the "Amended and Restated Credit Agreement") with the 2025 Term Loan Lenders (as defined in the Credit Agreement Amendment) which amends the Amended and Restated Credit Agreement. The Credit Agreement Amendment, among other things, provides for an increase in the principal amount of the senior secured term loan facility by $19.0 million (the "Incremental Loan") from an initial aggregate principal amount of up to $61.0 million (the "Initial Loan") to an initial aggregate principal amount of up to $80.0 million (the "Loan"), and allows the Loan Parties to request one or more additional term loans in an initial aggregate principal amount not to exceed $20.0 million on terms to be agreed to by the parties and subject to the approval of the Required Lenders (as defined in the Amended and Restated Credit Agreement). The Incremental Loan will bear interest at the same rate as the Initial Loan, which may be paid in cash or in kind at the Company's option. In addition, the Company also paid fess of (i) 2% of the outstanding principal and accrued and unpaid interest under the Initial Loan and held by the 2025 Term Loan Lenders, paid in kind, and (ii) 2% of the initial aggregate principal amount of the Incremental Loan, paid in cash to the 2025 Term Loan Lenders deducted from the proceeds at closing. In connection with the Credit Agreement Amendment, the Company issued to the 2025 Term Loan Lenders warrants (the "Incremental Warrants", and together with the warrants issued pursuant to the Amended and Restated Credit Agreement, the "Warrants") to purchase 6,229,508 shares of the Company's Class A Stock at a price of $1.50 per share, subject to certain adjustments, of which Incremental Warrants to acquire 5,106,154 shares of Class A Stock were issued to CCP and Incremental Warrants to acquire 1,123,354 shares of Class A Stock were issued to the Separate Account. An Incremental Warrant may be exercised for cash or on a cashless basis, pursuant to the terms of the Incremental