On March 22, 2024, Noodles & Company announced that Headlands Capital Management, LLC had and intend to continue to engage in discussions with management and the board of directors of the Company about the business, operations, strategy, plans and prospects, from time to time and may engage in further discussions with such persons as well as other security-holders of the Company, or other third parties, including taking steps to implement a course of action, including, without limitation, engaging advisors, including legal, financial, regulatory, technical and/or industry advisors, to assist in any review, and evaluating strategic alternatives as they may become available. In addition, without limitation, Headlands Capital Management, LLC may engage in discussions with management, the board of directors of the Company, stockholders or other securityholders of the Company and other relevant parties or take other actions concerning any extraordinary corporate transaction, a sale or transfer of a material amount of assets, a change in the board of directors or management, a material change in the capitalization or dividend policies, other material changes in the Company?s business or corporate structure, changes in the Company?s charter, bylaws or other actions that may impede the acquisition of control, de-listing or de-registration of the Company, or similar actions.