Aether Holdings, Inc.

No director or Section 16 officer adopted orterminated a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a “non-Rule 10b5-1” trading arrangement during the periods reported in this Form 10-Q.

Assertions Regarding 28 Ventures Aether, a Series of 28 Ventures Master Fund LLC

On July 23, 2025, our board of directors (the “Board”) was made aware of certain assertions that Nicolas Lin, our Chief Executive Officer and Chairman, did not disclose an affiliation with one of our shareholders, 28 Ventures Aether, A Series of 28 Ventures Master Fund LLC (“28 Ventures Aether”). In response, the Board, through the Company’s counsel, initiated an investigation (the “Investigation”) into, among other things, whether Mr. Lin has beneficial ownership of, or voting or dispositive control over, the shares of our common stock held by 28 Ventures Aether.

The Investigation is ongoing. The Board has received confirmation that all the shares of our common stock held by 28 Ventures Aether as of the date of our IPO are still owned by 28 Ventures Aether and are held in its brokerage account. The Board has not yet reached conclusions and has not obtained sufficient executed documentation to verify ownership or control of 28 Ventures Aether or 28 Ventures Master Fund LLC. The Board has formed a special committee (the “Special Committee”) comprised of two non-management directors, Justin Molander and Timothy Murphy, to oversee and continue the Investigation. The Special Committee will continue to seek the necessary information and documentation to resolve the foregoing questions. The Board intends to update the above disclosure with any new material findings arising out of the Investigation.