System1, Inc. consummated a comprehensive debt exchange and settlement transaction on July 23, 2026, following stockholder approval of a share issuance proposal. The transaction involved the issuance of 39,250 shares of Series A Cumulative Convertible Preferred Stock to participating lenders and the entry into a Priority Credit Agreement. Each preferred share has an initial stated value of $1,022.05. Additionally, Robert Sharp was elected to the Board of Directors by the holders of the majority of outstanding Preferred Shares, effective July 23, 2026. The company's 2026 annual meeting also resulted in the election of Class I directors Michael Blend, Caroline Horn, and Taryn Naidu, and the ratification of Deloitte and Touche LLP as independent auditors. System1, Inc. is a technology company providing marketing and customer acquisition services.