The company is executing a 1-for-15 reverse stock split of its common stock. The split will be effective at 5:00 p.m. ET on April 23, 2026. Post-split, the number of outstanding shares will decrease from approximately 300,801,347 to 20,053,424. The action is specifically intended to regain compliance with Nasdaq Listing Rule 5550(a)(2) regarding minimum bid price. Fractional shares resulting from the split will be rounded up to the nearest whole share.