Digimarc proposes holding company reorganization; shares to exchange 1:1 for new parent stock

Digimarc CORP

Board recommends holding company structure; shareholder vote at 2026 annual meeting.
Each Digimarc share will convert into one share of new parent Deschutes Parent (to be renamed Digimarc Corp).
Existing Digimarc will become a wholly owned subsidiary and convert to an Oregon LLC.
Holdings will assume Digimarc's equity incentive plans and all outstanding awards.
Reorganization subject to shareholder approval, Nasdaq listing as substitution event, and other conditions.

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