Atlas Financial Securities Litigation

The Court-appointed Lead Plaintiffs Philip Fryman and Aram Hovasapyan, and additional named Plaintiff Chuan Ji (“Plaintiffs”), on behalf of themselves and the Settlement Class (defined below), have reached a proposed settlement of the Action for $5,000,000 in cash that, if approved, will resolve all claims in the Action (the Settlement).

If you are a member of the Settlement Class, your rights will be affected, and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

All Persons and entities that during the period from February 22, 2017, through April 30, 2019, inclusive, purchased or otherwise acquired Atlas Common Stock, and/or Atlas Notes, and/or Atlas Call Options, and/or wrote Atlas Put Options, and were damaged thereby.

If you are a member of the Settlement Class, you are subject to the Settlement, and you may be eligible for a payment from the Settlement Fund. The Settlement Class consists of the following:

If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form no later than October 10, 2023. Payments to Authorized Claimants will be made only if the Court approves the Settlement and the Plan of Allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Your Legal Rights and Options in This Settlement

Submit a Claim Form	To be eligible to receive a payment from the Settlement Fund, a Settlement Class Member must submit a Claim Form online or postmarked no later than October 10, 2023.
Objection	Any objections must be received on or before August 16, 2023, in accordance with the instructions contained in the Notice.
Exclude Yourself	The deadline to request exclusion from the Settlement Class is August 16, 2023.
Final Approval Hearing	The Final Approval/Fairness Hearing was held on September 6, 2023. The Court approved the case during the Settlement Fairness Hearing on September 6, 2023.
Do Nothing	You will not be eligible to receive any payment from the Settlement Fund and give up your right to sue.