Voltari

Voltari was formed in August 2012 as an operating business of Motricity. On April 10, 2013, upon completion of reorganization, Motricity became a wholly owned subsidiary of Voltari, which replaced Motricity as a publicly held corporation. After Carl Icahn acquired a controlling interest in the company in August 2015, the board of directors unanimously approved a plan to transform the company into a commercial real estate business. Since the transformation began, Koala Holdings LP, an affiliate of Carl Icahn, has been financing Voltari’s acquisition of commercial real-estate properties. On 25 March 2019, Voltari Corporation has confirmed that it has entered into a Merger Arrangement and Plan with Starfire Holding Corporation, a Carl C. Icahn subsidiary and a member of the main owners of the company, High River Limited Partnership and Koala Holding LP, in which Starfire would purchase the company. == Real Property Acquisitions ==

On September 17, 2015, Voltari acquired a real estate parcel in Long Branch, New Jersey. The property is subject to a triple net lease with JPMorgan Chase, the original term of which expires in June, 2020 (with two, five-year renewal options). On May 18, 2016, Voltari acquired a real estate parcel in Flanders, New York. The property is subject to a double net lease with 7-Eleven, the original term of which expires in December 2029 (with four, five-year renewal options and together with the Original Term)). On April 23, 2018 Voltari acquired a real estate property in Columbia, South Carolina. The property is subject to a triple net lease with The McClatchy Company. == Recent Developments ==

On December 17, 2017, Icahn acquired an additional 1257 shares of Voltari's Series J Non-Convertible Preferred stock at $27.63 per share. Icahn now owns 52.7% of Voltari's outstanding, and 98% of the preferred shares, respectively. == Board of directors ==

On June 14, 2018, Voltari shareholders elected the following board members: • Peter K. Shea • Jaffrey (Jay) A. Firestone • Sachin Latawa (2) • Kevin Lewis ==References==