On March 12, 2024, Pinetree Capital Ltd announced that it had and intend to continue engaging in discussions with management and the board of directors of the Board concerning the business, operations, and future plans of the Company. In addition, Pinetree Capital Ltd may consider and/or make proposals with respect to, among other things, potential changes in the composition of the Board, capital structure, organizational documents and strategy or plans of the Company. Pinetree Capital Ltd stated that it may communicate with other shareholders or third parties regarding the foregoing.