IRIDEX amends Investor Rights Agreement; board unanimous consent required for major asset sales

IRIDEX CORP

On May 20, 2025, IRIDEX amended its Investor Rights Agreement with Novel Inspiration International Co.
Amendment requires unanimous board consent for disposal of a substantial portion of assets (less than substantially all).
Exception for dispositions to a wholly-owned subsidiary.
Original agreement dated March 19, 2025; this adds a governance restriction on asset dispositions.

item 1.01item 9.01

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