Fossil misses 90% minimum tender on $150M notes; extends exchange to Nov 10, proceeds with UK restructuring plan

Fossil Group, Inc.

Only 82.67% ($124.0M) of $150M 7.00% Senior Notes due 2026 tendered; 90% condition not met.
Exchange offer, consent solicitation, and rights offering extended to 5:00pm ET Nov 10, 2025.
Third supplemental indenture executed changing governing law to England and Wales; UK Part 26A restructuring plan to be pursued.
New Money Participants tendered $118.0M (78.68%), Non-New Money $5.99M (4.00%).
All other terms and conditions of the exchange offer remain unchanged.

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