On November, 11, 2020, B. Riley Financial, Inc. announced that B. Riley is prepared to move forward with its proposal as outlined in its July 24, 2020 letter and it includes its willingness to acquire all shares not owned by it at a price of $2.75 per share, as well as the corporate governance proposals outlined in that letter. B. Riley stated that as before, it will not proceed with that offer unless it is approved by the special committee, taking into account the advice of its independent advisors, and any acquisition of shares contemplated by the offer will be subject to a non-waivable condition requiring the approval by holders of a majority of the shares of common stock of the Company not beneficially owned by it.