19. Subsequent Event

Pending Merger with Curium US Holdings LLC

On August 3, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Curium US Holdings LLC, (the “Parent”), and Coco Merger Sub Inc. (the “Merger Sub”), pursuant to which the Parent will acquire the Company by means of a statutory merger of the Merger Sub with and into the Company, with the Company surviving as the Parent’s wholly-owned subsidiary (the “Merger”).

Pursuant to the Merger Agreement, the Parent will acquire all of the outstanding shares of the Company’s common stock for $102.50 per share in cash at closing. In addition, the Company’s shareholders will receive one contingent value right (“CVR”) representing the right to receive up to $12.00 per share in cash when and if payable, subject to the terms and conditions set forth in a contingent value rights agreement to be entered into among the Parent, the Company and a rights agent selected by the Parent and reasonably acceptable to the Company. The Merger is currently expected to close in the first half of 2027, subject to satisfaction of customary closing conditions, including receipt of Company shareholder approval and required regulatory approvals. Upon completion of the Merger, the Company’s common stock will be delisted from the NASDAQ Global Market and deregistered under the Securities and Exchange Act of 1934, as amended. For additional details regarding the Merger, please see our Current Report on Form 8-K filed with the SEC on August 4, 2026.