On May 3, 2024, Rubric Capital Management LP issued a statement in response to Xperi Inc.?s recently updated investor presentation in connection with its 2024 annual meeting of stockholders. In the statement, Rubric Capital Management stated that confident the Company stockholders see through the Company?s falsified version of performance. Rubric Capital Management also emphasizes that the Company?s latest attempt to cover up dilution is highly disingenuous.

Rubric Capital Management added that it urges stockholders to vote for its nominees, Thomas A. Lacey and Deborah S. Conrad, on Rubric Capital Management?s proxy card.