On April 3, 2024, Parks! America Inc announced that Focused Compounding Fund LP rejected a settlement proposal from the Company?s Board of Directors, and the Company wants to make clear the terms of the most recent settlement offer turned down by Focused Compounding, which we believe to be both reasonable and fair. In addition, the Company stated that in a good faith effort to provide Focused Compounding with board representation commensurate with its approximately 39% ownership stake in Company, the Board of Directors offered Focused Compounding 3 board seats on the Company?s 7-member Board, and Focused Compounding rejected the proposal.

Further, the Company stated that it continues to engage with Focused Compounding and initiate settlement talks in an effort to avoid costly and distracting proxy fights and mentioned that it will remain focused on constructive engagement with its stockholders as it executes its plan to maximize long-term value.