System1 To Voluntarily Delist From NYSE

The Company’s management has been evaluating its listing options for its Class A common stock and has concluded that the cost of compliance required to remain listed on the NYSE outweighed the benefits that the Company realized from being listed on the NYSE in the current market environment. This decision to voluntarily delist from the NYSE is in line with the Company’s on-going efforts to reduce its general and administrative costs, and the Company’s management expects to benefit from the OTCQB’s more streamlined administrative continued listing requirements.