Item 4 — Purpose of Transaction
On May 18, 2026, the Reporting Persons exercised its option to convert 46,505.13 shares of Series A Convertible Preferred Stock of the Company, par value $0.0001 per share ("Convertible Preferred Stock" and such conversion, the "Conversion") held by the Reporting Persons into shares of Common Stock in accordance with the terms of the Certificate of Designation of the Convertible Preferred Stock filed with the Delaware Secretary of State and effective October 28, 2022 (the "Certificate of Designation") and directed the Company to issue the shares of Common Stock issuable upon such conversion to the Reporting Persons. Pursuant to the terms of the Certification of Designation, the Reporting Persons received an aggregate of 15,247,586 shares of Common Stock of the Issuer in connection with the Conversion. Following the Conversion, on May 18, 2026, the Reporting Persons sold 15,247,586 shares of Common Stock pursuant to Rule 144 of the Securities Act of 1933, as amended.