As previously disclosed, on September 9, 2023, Avantax, Inc. (the ?Company?), entered into an Agreement and Plan of Merger (the ?Merger Agreement?) with Aretec Group, Inc. (?Parent?), and C2023 Sub Corp. and a wholly-owned subsidiary of Parent (?Acquisition Sub?). The Merger Agreement provides that, on the terms and subject to the conditions of the Merger Agreement, Acquisition Sub will merge with and into the Company (the ?Merger?), with the Company continuing as the surviving corporation in the Merger and becoming a wholly-owned subsidiary of Parent.

Marc Mehlman, the Company?s Chief Financial Officer, announced that, subject to the closing of the transactions contemplated by the Merger Agreement, he would not remain with the Company long-term following such closing.