Upon completion of the Merger on February 25, 2021, Bryant Riley and Daniel Shribman became the members of the National Holdings Corporation board of directors. Accordingly, each of Robert B. Fagenson, Michael E. Singer, Barbara Creagh, Jeff Gary, Daniel Hume, and Michael A. Mullen ceased serving as members of the Company's board of directors at the Effective Time. These departures were solely in connection with the Merger and not a result of any disagreement with the Company, its management or its board of directors.