Safeguard Scientifics, Inc. has also previously announced that, in connection with the Transaction, Messrs. Salzman will no longer serve as the company?s executive officers as of December 31, 2023, and the Company entered into a letter agreement with Rock Creek Advisors, LLC (Rock Creek). Pursuant to the Services Agreement, Rock Creek started to perform certain consulting and advisory services related to the outsourcing of the Company?s financial and operational functions effective as of January 1, 2024.

In addition, the Board appointed Mark Dow of Rock Creek as the company?s Chief Executive Officer, effective as of January 1, 2024. Mr. Dow, 57, has been serving as Managing Director of Rock Creek since January 2019. As Managing Director of Rock Creek, he provides a full range of financial advisory, operational and management services to companies that have reached a financial inflection point due to business or market conditions.

Mr. Dow has served as Chief Financial Officer and Chief of Operating Office of middle market companies, worked on turnarounds, managed wind downs and formal insolvency proceedings. Mr. Dow has more than 27 years of accounting, finance and operations experience.