Overview

• The underwritten deal covers 15,625,000 shares, implying gross proceeds of approximately $150 million before fees and expenses.
• Closing is expected on or about September 19, 2025, subject to customary conditions.
• Underwriters received a 30-day option to purchase up to 2,343,750 additional shares at the public offering price, less the underwriting discount.
• The transaction proceeds under a Form S-3 shelf registration that the SEC declared effective on September 17, 2025.
• Northland Capital Markets is serving as sole bookrunner, with Ladenburg Thalmann acting as co-manager.