On March 15, 2023, Magnet Forensics Inc commented on a report from independent proxy advisory firm Glass Lewis & Co, stating that Glass Lewis?s analysis is at odds with that of the independent proxy advisor Institutional Shareholder Services Inc and independent proxy advisor Egan-Jones Proxy Services, that have both recommended Company shareholders vote for the plan of arrangement with Thoma Bravo and the Company stated that it will be addressing the issues directly with Glass Lewis and their subscribers. In addition, the Company reiterate the key factors about the arrangement and urged the shareholders of the Company to vote for the proposed arrangement at the special meeting of shareholders scheduled to be held on March 23, 2023.