On February 27, 2024, Ephraim Fields, founder of Echo Lake Capital, announced that he has purchased the common stock based on his belief that the common stock, when purchased, were undervalued, and did not adequately reflect the potential value of NeuroMetrix, Inc.?s underlying business and assets. Ephraim Fields added that he encourages the Board to immediately implement a plan to liquidate the Company and return the proceeds to shareholders.