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WAIVER TO AGREEMENT AND PLAN OF MERGER This WAIVER TO AGREEMENT AND PLAN OF MERGER (this " Waiver "), dated

Key Takeaway: Kuva Labs Inc., along with its wholly owned subsidiary Kuva Acquisition Corp. and Lisata Therapeutics, Inc., has executed a waiver to the agreement and plan of merger originally dated March 6, 2026. This waiver extends the time for commencing the Offer as stipulated in the merger agreement, indicating a cooperative approach among the parties involved. The document outlines the signing by key executives from all companies, reinforcing their commitment to the merger process.

Market Sentiment Analysis

POSITIVE FACTORS

  • Extension of time to commence the Offer demonstrates flexibility in the merger process.
  • Involvement of key executives indicates strong leadership and commitment.
  • The continuation of the merger proposal suggests ongoing interest and potential for successful completion.

Full Press Release Details

WAIVER TO AGREEMENT AND PLAN OF MERGER
This WAIVER TO AGREEMENT AND PLAN OF MERGER (this "Waiver"), dated April 2,
2026, is made by and among, Kuva Labs Inc., a Delaware corporation ("Parent"), Kuva Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent ("Purchaser"), and Lisata Therapeutics, Inc., a Delaware corporation (the "Company"), and waives certain
provisions (as set forth herein) of that certain Agreement and Plan of Merger, dated March 6, 2026 (as the same may be amended, modified or restated in accordance with the terms thereof, the "Merger Agreement"), by and among Parent, Purchaser and the Company. Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Merger Agreement.
WHEREAS, the parties hereto have agreed to extend the time under Section 1.1(a) of the Merger Agreement by which the Offer is to be commenced pursuant
to the Merger Agreement as set forth herein.
NOW, THEREFORE, the parties hereto agree as follows:
This Waiver may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and
delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument.
[Signature Page to Agreement and Plan of Merger]
IN WITNESS WHEREOF, the parties have caused this Waiver to be executed and delivered by their respective duly authorized officers as of the date first
KUVA LABS INC.
By: /s/ Mark Land
Name: Mark Land
Title: Chief Executive Officer
KUVA ACQUISITION CORP.
By: /s/ Mark Land
Name: Mark Land
Title: President
LISATA THERAPEUTICS, INC.
By: /s/ David J. Mazzo, Ph.D.
Name: David J. Mazzo, Ph.D.
Title: President and Chief Executive Officer

Frequently Asked Questions

What is the purpose of the Waiver?

The Waiver extends the time for the commencement of the Offer under the Merger Agreement.

Who are the parties involved in the Waiver?

The parties include Kuva Labs Inc., Kuva Acquisition Corp., and Lisata Therapeutics, Inc.

When was the Waiver executed?

The Waiver was executed on April 2, 2026.

What is the Merger Agreement date?

The Merger Agreement is dated March 6, 2026.

Who signed the Waiver on behalf of Kuva Labs?

Mark Land, Chief Executive Officer, signed the Waiver for Kuva Labs.

Last updated: Apr 2, 2026