| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | LPTH | Series G Convertible Preferred Stock | Feb 18, 2025 | Class A Common Stock | 9.33M | $465.12 | See footnotes | F1, F3, F6 | ||||||
| holding | LPTH | Class A Common Stock Purchase Warrants (Right to Buy) | Feb 18, 2025 | Class A Common Stock | 3.5M | $2.58 | See footnotes | F1, F4, F6 | ||||||
| holding | LPTH | Convertible Promissory Note | Feb 18, 2025 | Class A Common Stock | 1.86M | $465.12 | See footnotes | F2, F5, F6 |
| Id | Content |
|---|---|
| F1 | The reported securities are directly held by North Run Strategic Opportunities Fund I, LP, and may be deemed to be indirectly beneficially owned by North Run Strategic Opportunities Fund I GP, LLC as the general partner of North Run Strategic Opportunities Fund I, LP. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of North Run Strategic Opportunities Fund I GP, LLC. |
| F2 | The reported securities are directly held by North Run - Due North Partners, LP, and may be deemed to be indirectly beneficially owned by North Run GP, LP as the general partner of North Run - Due North Partners, LP, and may be deemed to be indirectly beneficially owned by North Run Advisors, LLC as the general partner of North Run GP, LP. The reported securities may be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of North Run Strategic Opportunities Fund I GP, LLC. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis, Todd B. Hammer and Michael Bosco as limited partners of North Run - Due North Partners, LP. |
| F3 | The Series G Convertible Preferred Stock has no expiration date and is convertible at any time at the option of North Run Strategic Opportunities Fund I, LP, subject to blocker provisions that prevents conversion into shares of Class A Common Stock of the Issuer (the "Common Stock") if the reporting person, together with its affiliates, would be more than a 19.99% beneficial owner of Common Stock following such conversion and that prevent conversion to the extent that all shares of Common Stock issued upon conversion of shares of Series G Convertible Preferred Stock or upon exercise of warrants issued pursuant to the Securities Purchase Agreement with the Issuer dated February 18, 2025 would exceed 6,055,606 (collectively, the "Ownership Limitations"). |
| F4 | The reported warrants are currently exercisable, subject to the Ownership Limitations. |
| F5 | On February 18, 2025, the Issuer issued to North Run - Due North Partners, LP a senior secured promissory note (the "Promissory Note") with an initial principal amount of $4 million. Upon the occurrence of certain circumstances, North Run - Due North Partners, LP will receive 4,000 shares of Issuers Series G Convertible Preferred Stock, which may be convertible into 1,860,465 shares of Common Stock, subject to the Ownership Limitations. The Promissory Note becomes payable on March 3, 2025 and does not have an expiration date. |
| F6 | North Run Strategic Opportunities Fund I GP, LLC, North Run GP, LP, North Run Advisors, LLC, Thomas B. Ellis, Todd B. Hammer and Michael Bosco disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein, and this report shall not be deemed an admission that any of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |