On December 28, 2015, CoSine Communications, Inc. effected a 1-for-80,000 reverse stock split of its common stock pursuant to which stockholders owning fewer than 80,000 shares of CoSine’s common stock had such shares converted into the right to receive $4.40 for each share of CoSine’s common stock held immediately prior to the effectiveness of the reverse stock split. CoSine’s common stock was delisted from the OTC Pink marketplace and its trading symbol COSN was deleted effective at the open of trading on December 29, 2015. Subsequent to the reverse stock split and pursuant to the terms of an Agreement and Plan of Merger dated as of December 29, 2015, CoSine merged with and into a wholly owned subsidiary of WebFinancial Holding Corporation, itself an indirect subsidiary of Steel Partners Holdings, L.P., with WebFinancial Holding Corporation’s subsidiary as the surviving entity. Further information on the reverse stock split, merger and related transactions and their impact to CoSine stockholders is provided in the press releases listed under the Investor Relations section of our website. For further information, please contact Douglas Woodworth at DWoodworth@steelpartners.com.