On November 24, 2020, Michael Levit delivered a letter to Paltalk, Inc. (the “Company”) stating that he will resign from his position as member of the Company’s Board of Directors (the “Board”) and each of its committees, effective as of November 24, 2020. On November 24, 2020, in order to fill the vacancy resulting from Mr. Levit’s resignation from the Board, the Board appointed Kara Jenny, the Company’s current Chief Financial Officer, to the Board, effective immediately. Ms. Jenny will serve in such capacity until the Company’s 2021 annual meeting of stockholders or until her earlier death, resignation or removal. Ms. Jenny will not serve on any of the Board’s committees, nor will Ms. Jenny be entitled to receive any compensation for her service on the Board.
Paltalk, Inc. is a communications software provider that powers multimedia social applications. Its products include Paltalk, Camfrog, ManyCam, Tinychat and Vumber. Paltalk and Camfrog are both available on Windows, Mac OS, iOS, Android and other tablet devices. Together, these products power a collection of video-based communities, with technology to host thousands of simultaneous live group conversations on topics such as politics, financial markets, music and dating, among others. ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on streaming platforms, video conferencing apps and distance learning tools. Vumber is a telecommunications services provider that enables users to communicate privately by having multiple phone numbers with any area code through which calls can be forwarded to a user's existing telephone number. Tinychat is Web-based, enables adaptations of its video technology and does not require a download.