Lulus forms special committee to explore strategic alternatives, retains advisors

Lulu's Fashion Lounge Holdings, Inc.

Board formed special committee of independent directors to evaluate strategic alternatives to maximize stockholder value.
Alternatives may include a possible transaction involving the Company or continued execution of standalone strategic plan.
Special committee retained Solomon Partners as financial advisor and Willkie Farr & Gallagher LLP as legal advisor.
No assurance that review process will lead to any strategic transaction; no updates unless a course of action is approved.

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