On a corporate action affecting ordinary shares of Pulmatrix, Inc. (PULM)

On November 13, 2024, Pulmatrix, Inc. entered into a merger and reorganization agreement under which it will change its name to “Cullgen Inc.” and effect a reverse stock split of its shares. The exact date and other details of the reverse stock split will be announced later. Transaction is expected to close by the end of March 2025. For more details, please, refer to the company’s website.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.