Global DMC (BOOM) has entered into an agreement with its joint venture partners Arcadia Products, LLC (“Arcadia”), the Munera family, which sets September 6, 2026 as the earliest date that may be required of DMC to purchase the remaining 40% of Arcadia in the framework of the put option. option contained in Arcadia’s operating agreement. DMC acquired its 60% majority interest in Arcadia on December 23, 2021. The put option could otherwise have been exercised on December 23, 2024. DMC continues to have the right to acquire the remaining 40% of Arcadia under the terms of a purchase option which becomes exercisable on December 23, 2024.

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