XTL Update on Recent Developments

Core Viewpoint - XTL Biopharmaceuticals Ltd. is actively working to finalize the acquisition of 85% of NeuroNOS Ltd. from Beyond Air Inc. and has scheduled a shareholders meeting to approve a private placement of up to US$2 million [1][2]. Group 1: Acquisition and Financial Strategy - The company has executed a Binding Letter of Intent on January 13, 2026, for the acquisition of NeuroNOS Ltd. [1] - The completion of this acquisition and the private placement is expected to address the company's deficiency under Nasdaq Listing Rule 5550(b)(1), which requires a minimum of $2,500,000 in stockholders' equity [2]. - A shareholders meeting is set for February 17, 2026, to approve the private placement [1]. Group 2: Company Overview - XTL Biopharmaceuticals Ltd. holds 100% of The Social Proxy Ltd. and has an intellectual property portfolio that includes hCDR1 for Lupus (SLE) and Sjögren's Syndrome (SS) [3]. - The company is focused on strategic collaborations and acquisitions to enhance its therapeutic portfolio in high-value disease areas [3]. - XTL trades on the Nasdaq Capital Market and the Tel Aviv Stock Exchange [3].