On August 29, 2023, Chain of Lakes Investment Fund, LLC requests that PCTEL, Inc.?s Board immediately conduct an expedited formal review of strategic alternatives with respect to the Company and provide the shareholders with an update regarding the results of such review. Chain of Lakes Investment added that while it views shareholders might receive slightly greater value in selling each of the Company?s businesses separately, Chain of Lakes Investment asks the Company to sell the entire company in one transaction to expedite the return of shareholders? capital.