By February 10, 2023, the Company plans to appeal the Staff Determination and request a hearing before the Nasdaq Hearings Panel (the “Hearings Panel”). Under Nasdaq Listing Rules, a request for a hearing regarding a delinquent filing automatically stays the delisting process of the Company’s securities for a period of 15 days from the date of the request. If the Company’s appeal to the Hearings Panel is denied, the Company’s securities will be subject to delisting on The Nasdaq Capital Market. The Company intends to restate and reissue the consolidated financial statements relating to the Non-Reliance Period as soon as practicable. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements.