On December 30, 2022, SSD2, LLC, BomsMaster LLC, KLP Enterprises LLC, Elon S. Boms, and Andrew D. Wingate announced that certain of the reporting persons have engaged and might in the future engage in discussions with management of Gelesis Holdings, Inc., the Company's board of directors, and other securityholders of the Company and other relevant parties or encourage, cause or seek to cause the Company or such persons to consider or explore matters concerning the Company's business and financial condition, including extraordinary corporate transactions, such as: a merger, reorganization or take-private transaction that could result in the de-listing or de-registration of the common stock; sales or acquisitions of assets or businesses; changes to the capitalization or dividend policy of the Company; or other material changes to the Company's business or corporate structure, including changes in management or the composition of the board of directors.