On September 1, 2022, Structural Monitoring Systems Plc announced that on August 30, 2022, the Company received a request from Drake Private Investments LLC, for the Company to call a meeting of shareholders pursuant to section 168 of the Companies Act 2006. The Company stated that the proposed requisition requests the convening of a general meeting of the Company to consider, and if thought fit, pass the following resolutions as ordinary resolutions: (1) that Sam Wright and Bryant McLarty be removed as Directors of the Company with immediate effect upon the passing of this resolution, (2) that Heinrich Loechteken and Andrew Roberto be elected as Directors of the Company with immediate effect upon the passing of this resolution, and (3) that any person appointed as a director of the Company on and from the date of this requisition being the 30th of August 2022 until the end of the general meeting be removed as a director of the Company with immediate effect on the passing of this resolution.