On July 1, 2022, Concord IP2 Ltd announced that it has filed a preliminary proxy statement and request to call a special meeting of stockholders for the following purposes: 1) to remove, without cause, Tiago Reis Marques, Yassine Bendiabdallah, Lawrence Steinman, Simon Dumesnil and Emer Leahy as directors of the Company, 2) to vote on a proposal related to the filling of vacancies on the Board that arise as the result of the removal of one or more directors by stockholders, 3) to repeal each provision or amendment of the Bylaws adopted by the Board without the approval of the CompanyÆs stockholders after April 13, 2021 (the last date that the Bylaws were publicly disclosed by Pasithea), and prior to the approval of this proposal, and 4) transact such other business as may properly come before the special meeting. In addition, Concord IP2 stated that at this time, it is only soliciting shareholders written request to call a special meeting and not currently seeking shareholder proxy, consent, authorization or agent designation for approval of the proposals or any other actions. Further Concord IP2 stated that if a special meeting is called, it will send shareholder proxy materials relating to the proposals.