Carisma stockholders approve reverse stock split at ratio of 1:10 to 1:50

Carisma Therapeutics Inc.

• Stockholders adopted reverse split amendment; board has sole discretion to set exact ratio (1:10 to 1:50) and timing.
• Vote results: 21,783,014 for, 3,352,989 against, 92,853 abstain.
• Adjournment proposal also approved but was not needed due to quorum and sufficient votes for the reverse split.
• No further stockholder approval is required for implementation.