Holley Securities Class Action Settlement: Who Can File a Claim

The notice’s allocation plan calculates claims separately for Holley common stock and Holley warrants bought or acquired during the Class Period. Both types of transactions can be included in the same claim, but the plan applies its own formula to each type.

Transactions may still produce no payment. Among other limits, the plan requires an overall net loss and does not assign a recognized loss to shares or warrants sold before July 29, 2022.

• Holley common stock
• Holley warrants

To seek a payment, complete and sign the Proof of Claim and include the documents the form asks for. The notice does not list every document in the notice itself, so the claim form’s instructions control what records must be provided.

A mailed claim must be postmarked by November 19, 2026. An online claim must be received by that date.

• The completed and signed Proof of Claim
• All documents requested by the claim form

The plan uses the First-In, First-Out (FIFO) method to match sales with earlier holdings and purchases. It also limits a recognized claim to an actual market loss when that market loss is lower than the recognized-loss calculation.

The Claims Administrator compares each approved claimant’s recognized loss with all approved recognized losses and distributes the available Net Settlement Fund on a pro rata basis. That means the notice cannot state an individual payment amount in advance.

• A claim must have an overall net loss after profits and losses from covered Holley securities transactions are considered.
• The payment is based on a recognized-loss formula, not simply on the amount invested or sold.
• No distribution will be made if the calculated distribution is less than $10.

This is a limit on the pool available for warrant transactions. It can reduce warrant-related payments even when a warrant transaction otherwise qualifies under the allocation formula.

• Warrant-related proceeds are generally capped at 5% of the Net Settlement Fund.
• If the total recognized losses for warrants exceed that share, warrant recognized-loss amounts are reduced proportionately.
• If enough money remains after common-stock claims are paid in full, it may be used for the unpaid balance of warrant claims.

These are specialized rules in the allocation plan. They may affect how a transaction is reported and calculated.

• Securities received as a gift, inheritance, or by operation of law generally are not treated as purchases or acquisitions for the claim calculation.
• Securities received in exchange for another company’s securities or under a PIPE contractual requirement generally are not treated as purchases or acquisitions.
• For securities obtained by exercising an option, the exercise date is used as the purchase or sale date and the exercise price is used as the price.

Excluding yourself, also called opting out, means you will not receive money from this settlement and cannot object to it. It means you will not be bound by the settlement’s release of the covered claims, although the notice warns that any separate claim may be subject to time limits and defenses.

• Send a signed exclusion letter by First-Class Mail.
• State that you request exclusion from the Class in the Holley Securities Settlement.
• Include your contact information and a list of Class Period purchases, acquisitions, and sales, with dates and numbers of shares.
• The request must be received by October 19, 2026.

You can object only if you remain in the Class. The Court will consider a timely written objection even if you do not attend the hearing.

• A written objection must be signed and include contact information, transaction details, the specific reasons for the objection, and supporting purchase or sale documents.
• It must be filed with the Court and mailed to Lead Counsel and Defendants’ Counsel.
• It must be received by October 19, 2026.
• A Class Member who wants to speak at the hearing must include a Notice of Intention to Appear with the objection.

The notice does not give a payment date. It says payment timing is uncertain because approval, appeals, and claim processing can take time.

• The Court must first finally approve the settlement.
• Any appeals must be resolved.
• The Claims Administrator must process claims.