On May 5, 2026, the Company received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is no longer in compliance with Nasdaq Listing Rule 5550(a)(3) because it failed to maintain a minimum of 300 public holders (the “Round Lot Holder Requirement”). The Notice is a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s ordinary shares on The Nasdaq Capital Market.

The Company is currently evaluating various courses of action to resolve the deficiency and is actively working to develop a plan to regain compliance with the Round Lot Holder Requirement. The Company intends to submit this compliance plan to Nasdaq on or before the June 22, 2026 deadline. If Nasdaq accepts the plan, the Company may be granted an extension of up to 180 calendar days from the date of the Notice to evidence compliance.

While the Company intends to regain compliance, there can be no assurance that Nasdaq will accept the Company’s plan or that the Company will be able to satisfy the Round Lot Holder Requirement within the allotted extension period. For additional information regarding the risks associated with this deficiency, please see “Part II, Item 1A. Risk Factors.”