Reservoir Has Received Non-Binding Indication of Interest from Irenic Capital Management

Core Viewpoint - Reservoir Media, Inc. has received an unsolicited, non-binding indication of interest from Irenic Capital Management to acquire all outstanding equity at a price between $10.00 and $11.00 per share in cash [1] Group 1 - The proposal is conditional and non-binding, indicating that further negotiations or evaluations may be necessary before any agreement is reached [1] - Reservoir's Board of Directors is currently evaluating the indication of interest to determine the best course of action for the company and its shareholders [1]