Grounded People Announces Termination of Retail Operations and Strategic Review of Future Opportunities

Core Viewpoint - Grounded People Apparel Inc. has decided to terminate all retail operations and liquidate remaining inventory due to an unfavorable retail environment and operational challenges [1][2] Group 1: Strategic Decision - The decision to cease footwear business operations is based on a comprehensive review of market dynamics and the long-term interests of the Company and its shareholders [2] - Management aims to reduce overall overhead and explore new business directions as part of this transition [2][3] Group 2: Company Status - Following the cessation of retail operations, the Company will be designated as an Inactive Issuer, and its trading symbol will change from SHOE to SHOE.X effective November 26, 2025 [4] - The addition of the suffix '.X' does not indicate a suspension of trading; securities will continue to trade under the new symbol [4]