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Chartallica

01/16/26 10:45 AM

#42577 RE: MarketCap #42561

"the Board has considered alternative sources of capital, including debt or convertible
note structures containing original issue discount, and has determined that such alternatives,
while potentially expedient, would be structurally inferior during the Company’s turnaround period
due to potential dilution dynamics, adverse balance sheet optics, and misalignment with long
term shareholder value creation;" BFCH
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Chartallica

01/16/26 10:45 AM

#42578 RE: MarketCap #42561

"the Board has considered alternative sources of capital, including debt or convertible note structures containing original issue discount, and has determined that such alternatives, while potentially expedient, would be structurally inferior during the Company’s turnaround period due to potential dilution dynamics, adverse balance sheet optics, and misalignment with long term shareholder value creation;" BFCH