Official Record
Annual General Meeting
Minutes of Meeting — March 14, 2025 · San Francisco, California
Resolutions
Note on Resolution 5: The proposal to add a Push Mode manual override was submitted by a retail shareholder and is included here as a matter of record. It received 3% of votes cast. RISE™ thanks the shareholder for their engagement with the governance process.
Shareholder Q&A
Q — Shareholder, via proxy
“Has the company considered adding a manual override to Push Mode in response to customer feedback?”
A — Dr. Voss
We have considered it extensively. The data on this is clear: users who retain an override use it. Users who use it do not achieve the outcomes Push Mode is designed to deliver. Adding an override is not a feature we can add without fundamentally changing what the product does. We will not be adding one. We appreciate the question.
Q — Institutional investor
“Can you speak to the 340,000-unit waitlist? Is this a supply constraint or a deliberate strategy?”
A — Dr. Voss
Both. We have chosen not to outpace our quality standards. We have also found that scarcity functions as a meaningful signal. People on our waitlist want the product more than people who can simply buy it. They arrive at Push Mode with a commitment that improves outcomes. The waitlist is, in some ways, part of the product.
Q — Proxy, institutional
“The Sleep & Environmental Data Policy references Appendix C in several places. Appendix C does not appear to be publicly available. Can the company describe what it contains?”
A — James Park, General Counsel
Appendix C is a restricted disclosure available to institutional investors under NDA. I can confirm it exists. Next question.
Q — Retail shareholder
“What is the timeline for The Push Pro?”
A — Dr. Voss
We are not currently disclosing details of The Push Pro. It exists. It is in development. That is what we are saying today.
Q — Institutional investor
“The Autonomous Navigation Disclosure mentions that the bed’s legal status during the solo commute is unresolved in most jurisdictions. Is RISE™ exposed to regulatory risk here?”
A — James Park, General Counsel
Regulatory frameworks for autonomous morning routing devices are evolving. We are engaged with regulatory bodies in three jurisdictions. We believe our position is sound. Our position is that the user authorized the commute by pressing the button. The courts have agreed, in the cases where this has been tested.
Q — Retail shareholder, via proxy
“My apartment has stairs. The bed stops at the bottom every morning. When will this be fixed?”
A — Dr. Voss
It is being worked on. It will not be free. There is no loyalty discount for current Push owners. The product that addresses this is called the RISE™ Move. We are not providing further details today. You may join a notification list at riseawake.com/move.
Q — Retail shareholder
“My wife says our Push is following her to work. Is that expected behavior?”
A — Dr. Voss
Yes. Next question.
Q — Proxy, institutional
“The Privacy Policy states that RISE™ collects audio data. Can you characterize how extensively that data is used internally?”
A — James Park, General Counsel
The audio classification system is used for product improvement and Push Mode calibration. Personnel access is governed by our Privacy Policy, Section 19. We consider our practices compliant with applicable law in most jurisdictions. In jurisdictions where this is uncertain, we are monitoring developments.
Q — Retail shareholder, via phone
“When will I get my bed? I’ve been on the waitlist for 14 months.”
A — Dr. Voss
You're on the list. Next question.
Action Items
These minutes are a summary record of the Annual General Meeting of RISE™ Technologies, Inc. held March 14, 2025. They have been approved by the Board of Directors. Audio recording of the meeting is retained by RISE™ in accordance with its standard data retention policies. The recording is not available to shareholders. A transcript may be requested; fulfillment time is 90 days.