On January 18, 2024, NowVertical Group Inc. announced that it had responded to a press release issued by Daren Trousdell that Trousdell?s resignation as an officer and director of the Company at the end of May 2023, he has signed a separation agreement and until December 31, 2024 he agreed that (i) he would not engage in any attempts to influence the management, board or policies of the Company; (ii) he would not engage in any discussions with other shareholders or announce or disclose any intention or desire in connection with the management, board or policies of the Company, the acquisition or sale of the Company?s shares, or the solicitation of proxies; and (iii) he would vote in favor of any resolution put to a shareholder vote that is recommended by the Company?s management or board of directors. The Company said that Trousdell has taken the position that he is not bound by his commitments so as a result, the Company has regrettably been forced to bring legal proceedings to put an end to these distractions and cautions shareholders not to engage with Trousdell on these issues while the enforcement of the Separation Agreement is being litigated. The Company added that it has acted decisively to position itself for sustainable long-term organic and inorganic growth, improving shareholder value, and the board of directors and management team continue to execute the Company?s transformation strategy and will continue to remain focused on driving value for all stakeholders.