Item 4 — Purpose of Transaction
Item 4 is hereby supplemented to add the following paragraphs: On June 27, 2025, Ocean Capital sent a letter by email to the Issuer (the "2025 Notice") providing notice of its intent to nominate the 2025 Nominees for election to the Board at the 2025 Annual Meeting and propose to: (i) repeal any provision of, or amendment to, the Issuer's Amended and Restated Bylaws (the "Bylaws") adopted by the Board without the approval of the Issuer's stockholders subsequent to July 9, 2021, (ii) amend Article II, Section 8 of the Issuer's Bylaws to lower the quorum threshold for stockholder meetings from one-half to one-third of the outstanding shares entitled to vote and (iii) amend Article II, Section 8 of the Issuer's Bylaws to add a supermajority voting standard for all future amendments of that section. In connection with the submission of the 2025 Notice, Ocean Capital, Mr. Hawk and the 2025 Nominees filed a preliminary proxy statement with the SEC on July 1, 2025. The 2025 Nominees' biographies are set forth below. Additional information regarding the 2025 Nominees can be found in Ocean Capital's proxy statement for the 2025 Annual Meeting. Brent D. Rosenthal, age 53, founded Mountain Hawk Capital Partners, LLC, an investment fund focused on small and microcap equities in the technology, media, telecom and food industries, in 2017. Mr. Rosenthal has served on the board of directors of Pitney Bowes Inc. (NYSE: PBI) since June 2025, Horizon Kinetics Holding Corporation since August 2024 (OTCMKTS: HKHC), Syntec Optics Holdings, Inc. (NASDAQ: OPTX) since April 2023 and PRRTFF I, PRRTFF VI and TFF I since May 2025. Previously he served as a director of FLYHT Aerospace Solutions Ltd (OTCQX: FLYLF) from June 2020 to December 2024, director of RiceBran Technologies (OTCPK: RIBT) from July 2016 to November 2024 and Non-Executive Chairman/Lead Director of comScore, Inc. (NASDAQ: SCOR) from April 2018 to June 2024 and as a director from January 2016 to April 2018. Mr. Rosenthal also served as a director of Rentrak Corporation (NASDAQ: RENT) from 2008 to 2016, as a director to SITO Mobile (NASDAQ: SITO) from August 2016 to July 2018 as well as Adviser to the board of Park City Group, Inc. (NASDAQ: PCYG), the parent company of ReposiTrak Inc., from November 2015 to February 2018. Earlier in his career, Mr. Rosenthal was a Partner in affiliates of W.R. Huff Asset Management, an employee-owned investment manager, where he worked from 2002 to 2016, during which time he was an Adviser to the board of directors of Virgin Media (NASDAQ: VMED) and Time Warner Cable (NYSE: TWC). Mr. Rosenthal earned his B.S. from Lehigh University and M.B.A. from the S.C. Johnson Graduate School of Management at Cornell University. He is an inactive Certified Public Accountant. Ocean Capital believes Mr. Rosenthal's extensive leadership experience in both the public and private sectors makes him qualified to serve as a director of the Fund. Jose R. Izquierdo II, age 42, is a San Juan-based attorney with over a decade of experience in both the private and public sectors. Currently, he is the Member and Managing Director of Main Line Ventures, LLC, a firm that counsels corporations, international organizations and world-class athletes on a range of legal, strategic, and developmental matters. Mr. Izquierdo has served at Main Line Ventures, LLC since 2018. Mr. Izquierdo has served on the board of directors of PRRTFF I, PRRTFF VI and TFF I since May 2025. Mr. Izquierdo previously served as General Secretary of the World Boxing Organization's Executive Committee, an international non-profit organization. At the government level, Mr. Izquierdo has served as Executive Director of the Puerto Rico Tourism Company, a public corporation responsible for stimulating, promoting and regulating the development of Puerto Rico's tourism industry, from 2017 to 2018, member of the Governor of Puerto Rico's fiscal transition team, member of the Government of Puerto Rico's Economic Development Council, Assistant Secretary of Economic Development and has sat on numerous boards of directors. Mr. Izquierdo served as Principal at The Law Offices of Jose R. Izquierdo II. Mr. Izquierdo is a 2005 graduate of Haverford College and holds a Juris Doctorate from the University of Puerto Rico School of Law. Ocean Capital believes Mr. Izquierdo's extensive leadership experience at both the public and private sectors makes him qualified to serve as a director of the Fund.