Venator Management LLC, a Pennsylvania limited liability company (“Venator”), was established in 2013 to serve as the investment manager for Venator Capital Partners LP (the “Hedge Fund”). Venator became a registered investment advisor with the Securities and Exchange Commission in September 2020. In addition to the Hedge Fund, Venator began serving as the investment manager to long-only separately managed accounts in October 2020 on behalf of individuals, pension and profit sharing plans, trusts, foundations, and endowments. Constantine W. Mamakos is the principal owner of, and controls, Venator. Venator adheres to an opportunistic, value-oriented discipline regarding the management of all its client accounts. Venator believes independent thought, price discipline and rigorous risk- reward analysis are essential components of investment success. The investment advisory services provided to all clients include portfolio management, investment research, trading, proxy voting and client service. Venator’s clients grant Venator limited power of attorney providing Venator the authority to buy, sell or otherwise affect security transactions in the client’s name, at Venator’s discretion and without prior consultation with the client. Venator will only manage client accounts on a discretionary basis. The general partner of the Hedge Fund is Venator GP LP, a Pennsylvania limited partnership (the “Hedge Fund GP”). The general partner of the Hedge Fund GP is Venator LLC,

a Pennsylvania limited liability company. Constantine W. Mamakos controls Venator LLC. The investment program of the Hedge Fund is an opportunistic and value-oriented strategy consisting of a concentrated portfolio of both long and short publicly traded equity securities and options thereon, as well as through opportunistic investments in credit, restricted and private securities. The investment program of all Venator’s separately managed accounts is the Multi Cap Value Strategy, an opportunistic and value-oriented strategy, which is not oriented towards a particular market capitalization and may include micro, small, mid, and large cap public securities. Upon written request, Venator will tailor its advisory services with a separately managed account to meet the needs of the client by adjusting the percentage of capital allocated to equity investments thereby increasing or reducing the client’s market exposure. Additionally, with Venator’s agreement, separately managed account clients may impose restrictions on investing in certain companies or industries. As of December 31st, 2023, Venator has $154.15 million in regulatory assets under management attributable to the Hedge Fund, which is managed on a discretionary basis. Venator has $213.60 million in regulatory assets under management attributable to seventy-eight separately managed accounts. All separately managed accounts are managed on a discretionary basis. In aggregate, between the Hedge Fund and the separately managed accounts, Venator has $367.75 million in regulatory assets under management.