On September 24, 2019, Voltari Corporation (the Company), held a special meeting of its common stockholders (the Special Meeting) to adopt the previously disclosed Agreement and Plan of Merger (the Merger Agreement), by and among the Company, Voltari Merger Sub LLC, and Starfire Holding Corporation,(Parent). On September 24, 2019, the Merger Agreement was approved by the requisite vote of the Company's common stockholders at the Special Meeting. Pursuant to the terms of the Merger Agreement, the merger of Merger Sub with and into the Company, with the Company continuing as the surviving entity after the merger, was consummated (the Merger) on September 24, 2019.

As a result of the Merger, the Company is now a wholly-owned subsidiary of Parent. In connection with completion of the Merger, each of Peter K. Shea, Jaffrey (Jay) A. Firestone, Kevin Lewis and Sachin Latawa resigned from his respective position as a member of the Company's board of directors, and any committee thereof, effective as of the Effective Time, on September 24, 2019. Also on September 24, 2019, following the Effective Time, SungHwan Cho and Keith Cozza were appointed to the Board.

In connection with completion of the Merger, Kenneth Goldmann resigned from his position as Principal Executive Officer and Peter Kaouris from his position as Chief Accounting Officer, each effective as of the Effective Time, on September 24, 2019. Also, on September 24, 2019, following the Effective Time, Keith Cozza was appointed President and Secretary of the Company.