Item 4 — Purpose of Transaction
Item 4 of the Original Schedule 13D is hereby amended and supplemented as follows: Between January 10, 2025 and January 14, 2025, 28th Street distributed its holdings of Common Stock in kind, for no additional consideration to its members, as follows: January 10, 2025: 7,090,959 shares to the 1997 Gearon Family Trust; January 10, 2025: 590,958 shares to the J. Michael Gearon, Jr. Revocable Trust; January 10, 2025: 766,417 to additional members; and January 14, 2025: 6,500,000 shares to the J. Michael Gearon, Jr. Revocable Trust. Mr. Gearon's spouse is a co-trustee of the 1997 Gearon Family Trust and Mr. Gearon is the sole trustee of the J. Michael Gearon Jr. Revocable Trust. On January 29, 2025, 28th Street sold 175,000 warrants in the open market at prices ranging from $6.46 to $6.61 per warrant (with a weighted average sales price of $6.52 per warrant). On January 30, 2025, 28th Street sold 150,000 warrants in the open market at prices ranging from $6.38 to $6.72 per warrant (with a weighted average sales price of $6.50 per warrant). On January 31, 2025, 28th Street sold 114,459 warrants in the open market at prices ranging from $6.34 to $6.56 per warrant (with a weighted average sales price of $6.44 per warrant). On January 16, 2025 and January 19, 2025, Mr. Gearon received 10,480 and 2,190 shares of Common Stock, respectively, upon the settlement of vested restricted stock units, which had previously been granted to Mr. Gearon for service as a non-employee director of the Company. On January 23, 2025, the Company announced a redemption of its outstanding warrants at a price of $0.10 per warrant by 5:00 p.m. New York City time on February 24, 2025 (the "Redemption Time"). Holders of the warrants may instead elect to exercise their warrants until the Redemption Time. 28th Street presently intends to exercise its 255,941 warrants on a cashless basis prior to the Redemption Time pursuant to the terms of the Warrant Agreement, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, dated as of November 23, 2020, as amended on November 17, 2022; however, there can be no guarantee that 28th Street's plans for such warrant exercise will not change prior to the Redemption Time.