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Monday, June 30, 2025

Equity Corporate Actions Alert #2025 - 341
(UPDATED: Revision to SHYF suspension effective date) Information Regarding the Merger of The Shyft Group, Inc. (SHYF) with Aebi Schmidt Holding AG (AEBIV)

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  • Industry Announcement

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At a special meeting on June 17, 2025, the shareholders of The Shyft Group, Inc. (SHYF) approved a merger transaction with Aebi Schmidt Holding AG (AEBIV), this transaction is expected to become effective prior to the market open on July 1, 2025. In anticipation of the closing, SHYF will be halted immediately following the after-hours session at or around 7:50 p.m. on June 30, 2025. If the merger closes as anticipated, the stock will remain halted on the day of closing (July 1st) and will be suspended effective July 2, 2025. The details are as follows:

Company Name/Issue: The Shyft Group, Inc. Common Stock
CUSIP#: 825698103
Symbol: SHYF
Anticipated Last Trading Date: June 30, 2025
Anticipated Marketplace Effective Date for Suspension: July 2, 2025 (revised)
Merger Consideration: 1.040166432 shares of Aebi Schmidt Holding AG Common Stock (AEBIV) for each share held.

As a result of the merger Aebi Schmidt Holding AG (AEBIV) will be listed on the Nasdaq Global Select Market on a when-issued basis. The symbol will change to AEBI effective on July 2, 2025. The details are as follows:

Company Name/Issue: Aebi Schmidt Holding AG Common Stock
CUSIP#: H00501108
Symbol: AEBIV
Anticipated First Trade Date: July 1, 2025
Settlement Date: July 3, 2025 (revised)

If you would like to register as a market maker in AEBIV, contact Nasdaq Trading Services at +1 212 231 5100.


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