On April 1, 2022, SSW HoldCo LP (“ SSW”) completed the acquisition of Veoneer, Inc. (“ Veoneer” or the “ Company”) pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of October 4, 2021, by and among the Company, QUALCOMM Incorporated, (“ Qualcomm”), SSW and SSW Merger Sub Corp, a Delaware corporation and a wholly owned subsidiary of SSW (“ Merger Sub”). Pursuant to the Merger Agreement, Merger Sub merged with and into Veoneer, with Veoneer surviving the Merger and becoming a wholly owned subsidiary of SSW (the “ Merger”). It is anticipated that shortly following the Merger, Qualcomm will acquire from SSW, Veoneer's Arriver business through a series of transactions including a merger of Veoneer with and into a subsidiary of Qualcomm.

On April 1, 2022, Lars Sjobring submitted his resignation as Executive Vice President Legal Affairs, General Counsel and Secretary of the Company, effective immediately, in each case under circumstances entitling the executive to severance under their respective severance and change in control agreements with the Company.