|Item 4.||Purpose of Transaction.|
Item 4 of the Schedule 13D is hereby amended by adding the following:
On June 8, 2021, the Investment Manager issued an open letter to the Chairman and Chief Executive Officer of the Issuer, Mark Penn (the “June 8 Letter”), expressing its continued concerns with the Issuer’s proposed combination with Stagwell Media LP (“Stagwell”) and dissatisfaction with Stagwell’s revised proposal and had issued a presentation outlining why it opposes the merger on its current terms (the “June 8 Presentation”). In both the June 8 Letter and the June 8 Presentation, the Investment Manager reiterated its intention to vote against the transaction under its current terms. The foregoing descriptions of the June 8 Letter and the June 8 Presentation do not purport to be complete and are qualified in their entirety by reference to the full text of such documents, which are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.