biote settles stockholder litigation with $60M share repurchase agreement

biote Corp.

Repurchased ~4.1M Paired Interests for $30M on June 28, 2024.
Additional $10M repurchases at 12, 24, and 36-month anniversaries, totaling $60M.
Released and canceled ~4.0M earnout Paired Interests for no additional consideration.
Mutual release of all claims in Donovitz litigation and entry into voting agreement.
Settlement supersedes previously disclosed binding term sheet from June 14, 2024.

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