On January 7, 2021, B. Riley Financial, Inc. have engaged, and may continue to engage, in discussions with TheMaven, Inc and its representatives, and other shareholders of the Company regarding the board composition matters described in the preliminary consent statement filed by the group on December 1, 2020. B. Riley Financial stated that such discussions could lead to changes to the composition of the board, including the appointment of 1 or more representatives of B. Riley Financial to the board.