the Companys strategy and operations and that waiting until after the Annual Meeting to effect the changes that FCM desired would probably be inadequate. FCM indicated it would consider the
proposal and respond.
The Company did not receive a response from FCM, but later on September 23, 2022, an account purporting to be
controlled by FCM posted on Reddit after todays meeting with [MindMed] NO DEAL and RELEASE THE MEMES, which the Company took to indicate FCMs rejection of the proposal.
On September 26, 2022, the Board held a meeting with its external legal advisors in attendance to discuss the September 23rd Meeting and the public statements released by FCM before and after the meeting.
On
September 28, 2022, Messrs. Freeman and Boulanger, on behalf of FCM, issued a public letter addressed to Ms. Vallone which, among other things, demanded the termination of MindMeds contemplated public offering of common shares and
accompanying warrants to purchase common shares which had been announced on September 27, 2022 (the September 28th Letter).
On September 30, 2022, the Board held a meeting with its external legal advisors in attendance during which matters relating to FCM,
including the September 28th Letter, were discussed. After discussion, the Board determined no further communication with FCM was warranted at such time.
On October 3, 2022, Mr. Freeman issued a public letter addressed to Mr. Barrow challenging Mr. Barrow to a public
debate.
On October 3, 2022, the Board held a meeting with its external legal advisors in attendance during which matters
relating to FCM were discussed.
On October 7, 2022, Mr. Barrow participated in an interview with a representative of the
investor website, Psychedelic Invest, during which he discussed the Companys strategy and vision and addressed numerous matters relating to FCMs campaign and suggestions.
On October 13, 2022, FCM issued a public letter to Company shareholders addressing Mr. Barrows interview with Psychedelic
Invest.
On October 21, 2022, Messrs. Freeman and Boulanger, on behalf of FCM, issued a public letter addressed to
Ms. Vallone which contained certain allegations regarding Mr. Barrow and other members of Company management.
On
October 24, 2022, FCM sent a letter to Ms. Vallone demanding an independent investigation of certain allegations set forth in such letter and the resignation of Mr. Barrow.
On October 25, 2022, Mr. Freeman sent an email to Dr. Crystal requesting a meeting.
Also on October 25, 2022, the Board held a meeting with its external legal advisors in attendance to discuss FCMs recent public
communications and allegations regarding the Company.
On November 3, 2022, Messrs. Freeman and Boulanger, on behalf of FCM, issued a
public letter addressed to Ms. Vallone which stated (among other things) that FCM had filed a complaint with the SEC containing certain allegations against the Company and called for the immediate termination of Mr. Barrow, another MindMed
employee and Ms. Brigid Makes, a member of the Board.
On November 9, 2022 the Board held a meeting with its external legal
advisors in attendance to discuss FCMs recent public communications and allegations regarding the Company.
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