GATE CITY CAPITAL MANAGEMENT, LLC → Intrepid Potash, Inc. IPI

This Amendment No. 2 amends the Schedule 13D initially filed on December 19, 2024 and amended on January 6, 2025, and is filed to include the shareholder proposal letter sent by the Reporting Person to the Corporate Secretary and Board of Directors of the Issuer on February 6, 2025. The letter proposes that the Board of Directors of the Issuer take all necessary steps to eliminate the classified structure of the Board and to transition to annual elections of all directors. A copy of the full text of the letter is filed as Exhibit A to this amended Schedule 13D.