On January 20, 2021, Custodian Ventures LLC announced that on January 18, 2021, a letter was sent to the Board of Directors of Mer Telemanagement Solutions Ltd. stating that it has acquired more than 5% of the outstanding share capital of the Company and was exercising its right under the Israeli Companies Law to demand that a special general meeting of shareholders be convened with notice of such meeting to be provided by February 8, 2021, the agenda for which would be: (i) to terminate the term of office of 3 members of the Board who are not external directors and (ii) to nominate 3 new directors in their place.