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Each "Unit" issued by the company is listed on the exchange under the code "MCCAHU", with each unit comprising one Ordinary Share and one Warrant. The split Ordinary Shares are traded independently under the code "MCCAH". Meanwhile, the trading code for its Warrant is "MCCAHR". This arrangement marks the company's completion of a key IPO milestone, providing investors with channels to trade its different security components separately. The independent listing of Units, Ordinary Shares, and Warrants on the Nasdaq market helps enhance market liquidity and pricing transparency.

This clause highlights the solemn commitment of both parties to the eventual completion of the merger, while also establishing a clear economic compensation mechanism for potential situations where the agreement may be terminated. In merger and acquisition transactions, such termination fee arrangements are quite common, aiming to safeguard the interests of all parties involved and provide a certain level of financial protection in case the agreement cannot continue to be fulfilled. For Simulations Plus, this clause to some extent enhances the predictability and stability of the merger transaction. When evaluating such merger and acquisition cases, investors often pay attention to the termination conditions and related fee arrangements in the agreement to better understand the risks and potential costs the transaction may face.

This move aims to enhance the company's financial flexibility, providing more ample funding support for operations and potential growth plans.