On March 27, 2023, Otonomy filed a certificate of dissolution with the State of Delaware. In accordance with the Plan of Dissolution, the company has instructed its transfer agent to close the company’s stock transfer books and discontinue recording transfers of the company’s common stock effective as of 4:00 p.m., Eastern time, on March 27, 2023 (such time and date, the “Record Date”). The common stock and stock certificates, if any, evidencing the shares of common stock, will no longer be assignable or transferable on the company’s books as of the Record Date, other than transfers by will, intestate succession or operation of law. Additionally, on March 24, 2023, Otonomy’s Board of Directors approved a liquidating distribution of $0.11 per share in cash to the company’s stockholders of record as of the Record Date. Otonomy expects to pay such liquidating distribution promptly. In the future, and pursuant to the Plan of Dissolution, Otonomy may distribute up to an additional $0.02 per share in cash to the company’s stockholders of record as of the Record Date if the Board determines that the amounts previously reserved by the company no longer need to be reserved. For further information, please refer to Otonomy’s SEC filings provided in the Investors section of this website.