The Board of Directors approved a 1-for-7 reverse stock split of all issued and outstanding common stock. The split will become effective at 5:00 p.m. ET on June 1, 2026. Trading on a split-adjusted basis will commence on Nasdaq on June 2, 2026. Outstanding common shares will decrease from approximately 26.2 million to approximately 3.7 million. Authorized shares remain unchanged at 100 million. Fractional shares will be rounded down, with stockholders receiving a cash payment based on the pre-split closing price.