Lifeway extends shareholder rights plan to Oct 2026, citing concentrated ownership risk

Lifeway Foods, Inc.

Board approved Amendment No. 1 extending rights plan expiration to Close of Business October 29, 2026, from November 4, 2025.
Plan extended due to highly concentrated share ownership and potential for de facto control without paying a premium to other shareholders.
Company noted potential near-term share availability under existing agreements and registration obligations that could facilitate control accumulation.
Extension is not in response to any specific takeover proposal; all other terms of the Rights Plan remain unchanged.
Evercore is financial advisor and Sidley Austin is legal counsel to Lifeway.

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