NOTICE OF PENDENCY OF CLASS ACTION: Please be advised that your rights will be affected by the above-captioned stockholder class action (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) if you were a record holder or beneficial holder of shares of Quotient Technology Inc. (“Quotient” or the “Company”) common stock whose shares were converted into the right to receive $4.00 per share in cash when Quotient was acquired on September 5, 2023.
Notice of Settlement: Please also be advised that (i) Plaintiffs Steven Boal, Scott Raskin, The Spieker Living Trust, Spieker 2010 Irrevocable Children’s Trust, SPK Investors LLC, and SPK Apartment Investors II LLC (collectively, “Plaintiffs”), on behalf of themselves and the Settlement Class (defined in paragraph 22 in the Notice); and (ii) Defendants Matthew Krepsik (“Krepsik”); Houlihan Lokey Inc. (“Houlihan”); Charlesbank Capital Partners LLC (“Charlesbank”); and CB Neptune Holdings, LLC (“Neptune”) (collectively, “Defendants,” and together with Plaintiffs, the “Parties” and each a “Party”) have reached a proposed settlement of the Action (the “Settlement”) for $48,000,000 (United States Dollars) in cash (the “Settlement Amount”). The proposed Settlement, if approved by the Court, will resolve all claims in the Action against Defendants, and the Action will be dismissed with prejudice.
PLEASE READ THE NOTICE CAREFULLY AND IN ITS ENTIRETY. The Notice explains how members of the Settlement Class, or “Settlement Class Members,” will be affected by the Settlement. The following table provides a brief summary of the rights you have as a Settlement Class Member and the relevant deadlines, which are described in more detail in the Notice.
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RECEIVE A PAYMENT FROM THE SETTLEMENT. SETTLEMENT CLASS MEMBERS DO NOT NEED TO SUBMIT A CLAIM FORM. |
If you are a Settlement Class Member (as defined in paragraph 22 in the Notice), you may be eligible to receive a pro rata distribution from the Settlement proceeds. Settlement Class Members do not need to submit a claim form in order to receive a distribution from the Settlement. If you are eligible for a distribution from the Settlement, it will be paid to you directly. See paragraphs 27-34 in the Notice for further discussion. |
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OBJECT TO THE SETTLEMENT, THE PROPOSED PLAN OF ALLOCATION, OR PLAINTIFFS’ COUNSEL’S REQUEST FOR AN AWARD OF ATTORNEYS’ FEES AND EXPENSES BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 8, 2026. |
If you are a Settlement Class Member and would like to object to the proposed Settlement, the proposed Plan of Allocation, or Plaintiffs’ Counsel’s application for a Fee and Expense Award (including any Incentive Awards to Plaintiffs), you may write to the Court and explain the reasons for your objection. |
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ATTEND A HEARING SEPTEMBER 22, 2026, AT 1:30 P.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 15, 2026. |
Filing a written objection that is received by September 8, 2026, and a notice of intention to appear that is received by September 15, 2026, allows you to speak in Court, at the discretion of the Court, about your objection. In the Court’s discretion, the September 22, 2026, hearing may be conducted by telephone or videoconference (see paragraphs 40-49 in the Notice). If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection. |