<SEC-DOCUMENT>0001193125-24-278644.txt : 20241213
<SEC-HEADER>0001193125-24-278644.hdr.sgml : 20241213
<ACCEPTANCE-DATETIME>20241213164355
ACCESSION NUMBER:		0001193125-24-278644
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241213
DATE AS OF CHANGE:		20241213

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIM ImmunoTech Inc.
		CENTRAL INDEX KEY:			0000946644
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		ORGANIZATION NAME:           	03 Life Sciences
		IRS NUMBER:				520845822
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-27072
		FILM NUMBER:		241549027

	BUSINESS ADDRESS:	
		STREET 1:		2117 SW HIGHWAY 484
		CITY:			OCALA
		STATE:			FL
		ZIP:			32801
		BUSINESS PHONE:		352-448-7797

	MAIL ADDRESS:	
		STREET 1:		2117 SW HIGHWAY 484
		CITY:			OCALA
		STATE:			FL
		ZIP:			32801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEMISPHERX BIOPHARMA INC
		DATE OF NAME CHANGE:	19950614

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KELLNER TED D
		CENTRAL INDEX KEY:			0001187524
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		DFAN14A

	MAIL ADDRESS:	
		STREET 1:		C/O T&M PARTNERS
		STREET 2:		790 N. WATER ST. #2175
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
</SEC-HEADER>
<DOCUMENT>
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<SEQUENCE>1
<FILENAME>d859204ddfan14a.htm
<DESCRIPTION>DFAN14A
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<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES
AND EXCHANGE COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:3.5pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(Rule <FONT STYLE="white-space:nowrap">14a-101)</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION REQUIRED IN PROXY STATEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A INFORMATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Proxy Statement Pursuant to Section&nbsp;14(a) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(Amendment No.&#8195;) </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:3.5pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by the Registrant&#8194;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by a Party other than the Registrant&#8194;&#9746; </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Check&#8195;&#8195;&#8195;&#8195;&#8195;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">the appropriate box:</P></TD></TR>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#9744;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8199;&#8201;&#8201;&#8201;Preliminary Proxy Statement</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#9744; <B>Confidential, for Use of the Commission Only (as permitted by Rule <FONT
STYLE="white-space:nowrap">14a-6(e)(2))</FONT></B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#9744;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8199;&#8201;&#8201;&#8201;Definitive Proxy Statement</P></TD></TR>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#9746;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8201;&#8201;Definitive Additional Materials</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#9744;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Soliciting Material Under Rule <FONT STYLE="white-space:nowrap">14a-12</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>AIM IMMUNOTECH INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Registrant as Specified in Its Charter) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TED D. KELLNER </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TODD
DEUTSCH </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ROBERT L. CHIOINI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PAUL W. SWEENEY </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WILLIAM
A. CARTER </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WAYNE SPRINGATE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Persons(s) Filing Proxy Statement, if Other Than the Registrant) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Payment of Filing Fee (Check the appropriate box): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#8195;&#8195;No fee required</P></TD></TR>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fee paid previously with preliminary materials</P></TD></TR>
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<TD VALIGN="bottom" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#9744; Fee computed on table in exhibit required by Item 25(b) per Exchange Act
Rules <FONT STYLE="white-space:nowrap">14a-6(i)(1)</FONT> and <FONT STYLE="white-space:nowrap">0-11</FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ted D. Kellner, Todd Deutsch, Robert L. Chioini and Paul W. Sweeney (the &#147;Kellner Group&#148;) have
filed a definitive proxy statement (the &#147;Proxy Statement&#148;) and accompanying<B> GOLD</B> proxy card with the Securities and Exchange Commission (&#147;SEC&#148;) to be used to solicit votes for their election to the Board of Directors of
AIM Immunotech Inc., a Delaware corporation (the &#147;Company&#148; or &#147;AIM&#148;), at the 2024 Annual Meeting of Stockholders scheduled to be held on December&nbsp;17, 2024 (the &#147;Annual Meeting&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;13, 2024, the Kellner Group issued the press release that appears below and expects to distribute copies to stockholders by mail and
electronically: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Kellner Group Urges Stockholders of AIM Immunotech to Vote <U>Gold</U> Card </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Vote &#147;<U>FOR</U>&#148; All Four Kellner Group Nominees for Urgently Needed Change </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Incumbent Board has Destroyed Stockholder Value and Imperiled AIM&#146;s Future through Breaches of Fiduciary Duty and Bad Faith Actions
</I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Stock Price has Declined by More than 99%, Clinical Strategy has Failed and AIM is on the Brink of Insolvency </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Act Now to Save AIM Before it is Too Late &#150; The Kellner Group Can Turn AIM Around and Finally Start Creating Value for Stockholders
</I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Kellner Group Owns 5.04% of Outstanding Shares and is Fully Aligned with Stockholders </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December&nbsp;13, 2024 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Dear AIM Stockholders:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Ted Kellner, as the nominating stockholder and a nominee, together with his other nominees, Todd Deutsch, Robert L. Chioini and Paul W.
Sweeney (collectively, the &#147;Kellner Group,&#148; &#147;we&#148; or &#147;us&#148; and, as nominees, the &#147;Kellner Group Nominees&#148;), are issuing this open letter to stockholders regarding the 2024 Annual Meeting of Stockholders of AIM
ImmunoTech Inc., a Delaware corporation (&#147;AIM&#148; or the &#147;Company&#148;), to solicit your vote to elect each of us to AIM&#146;s Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><I>We urge you to carefully read our proxy statement and our subsequent communications because they contain important information. Our proxy
statement and our other communications are available at <FONT STYLE="font-family:Times New Roman" COLOR="#0000ff"><U>https://okapivote.com/AIM/.</U></FONT> </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Substantial and Immediate Overhaul of the AIM Board is Critical </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The urgent need for drastic, immediate transformation within the AIM Board is indisputable. Each of the three leading independent proxy
advisory firms have acknowledged this in recommending for the election of Mr.&nbsp;Kellner. Two of the three firms acknowledged that the incumbent Board cannot remain in control and recommended for the election of both Mr.&nbsp;Kellner and
Mr.&nbsp;Sweeney and against Mr.&nbsp;Equels.<SUP STYLE="font-size:75%; vertical-align:top">1</SUP> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>&#147;<B>There is no question that for shareholders to have any hope of not losing 100&nbsp;percent of their investment, significant change is
needed.</B>&#148;<B></B></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>&#147;<B>Equels appears to be the most directly
responsible for the company&#146;s failings.</B>&#148;<SUP STYLE="font-size:75%; vertical-align:top">2</SUP> &#150; ISS<B></B></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&nbsp;&nbsp;</P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP
STYLE="font-size:75%; vertical-align:top">1</SUP> The third proxy firm, Glass Lewis, did not meet with us. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP> Permission to use quotations from ISS was neither sought nor obtained. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&#147;<B>In our view, the dissidents have presented an urgent case for change in the board room</B>.&#148;<SUP
STYLE="font-size:75%; vertical-align:top">3</SUP> &#150; Egan-Jones</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Incremental change would be wholly inadequate in this situation. This is not a case of competing visions or
differing opinions on AIM&#146;s strategic direction. The incumbent Board has no vision for AIM&#146;s future and no coherent strategy to move the company forward. The scale of value destruction under the incumbent Board&#146;s leadership, combined
with their blatant breaches of fiduciary duties (as found by the Delaware Supreme Court), unethical actions, and brazen disregard of stockholders and corporate governance norms, is unprecedented. <B><I>We urge you to take decisive action by voting
on the </I></B><B><I><U>Gold</U></I></B><B><I> card for </I></B><B><I><U>all</U></I></B><B><I> of the Kellner Group Nominees.</I></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Incumbent
Board has Completely Failed and Destroyed Stockholder Value </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The incumbent Board has controlled AIM for almost nine years since 2016
and failed epically, and dating back even further, Equels (16 years on the Board), Mitchell (26 years on the Board) and Appelrouth (13 years on the Board and consulting) each played a central role in leading AIM down the path of failure and value
destruction.<SUP STYLE="font-size:75%; vertical-align:top">4</SUP> When given the opportunity to show they could be responsive to stockholders and fulfill their promise to appoint two new independent directors, the incumbent Board failed yet again.
Instead, they appointed Bryan &#150; hand-picked by Equels, without an independent search firm, based solely on a <FONT STYLE="white-space:nowrap">pre-existing</FONT> relationship with AIM and Equels. This appointment was rubber-stamped by Mitchell
and Appelrouth, and Bryan has predictably fallen right in line with their failed leadership.<SUP STYLE="font-size:75%; vertical-align:top">5</SUP> ISS accurately noted that &#147;AIM shareholders did not get an independent voice they were hoping for
with Bryan&#146;s appointment.&#148; <SUP STYLE="font-size:75%; vertical-align:top">6</SUP> This is just another example of the incumbent Board&#146;s consistent failure to act in the best interest of stockholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The following two facts demonstrate beyond question the utter and complete failure of the incumbent Board: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>AIM</B><B>&#146;</B><B>s stock price has declined by over 99% since 2016 when Equels became CEO and Equels,
Mitchell and Appelrouth took control of the Board</B>.<SUP STYLE="font-size:75%; vertical-align:top">7</SUP> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>AIM</B><B>&#146;</B><B>s financial condition has deteriorated to the point of functional insolvency, with
substantial doubt about its ability to continue as a going concern, insufficient stockholders</B><B>&#146;</B><B> equity to comply with NYSE American listing standards and a lack of viable financing options</B>.<SUP
STYLE="font-size:75%; vertical-align:top">8</SUP> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The manner in which the incumbent Board brought AIM to this very dire
position is even more troubling: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><I>They have utterly failed to advance AIM</I></B><B><I>&#146;</I></B><B><I>s clinical program</I></B>.<SUP
STYLE="font-size:75%; vertical-align:top">9</SUP> They have failed to bring a single trial to completion and failed to achieve any FDA approvals. The incumbent Board has consistently neglected to invest in R&amp;D for Company-sponsored clinical
trials, and there is no clear strategy or follow-through. Instead, they shift focus aimlessly, chasing fleeting publicity with press releases that are empty of substance, </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">3</SUP> Permission to use quotations from Egan-Jones was neither sought nor obtained. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">4</SUP> See the definitive proxy statement filed by the Kellner Group with the Securities and Exchange
Commission (the &#147;SEC&#148;) on November&nbsp;6, 2024 (the &#147;Proxy Statement&#148;), pg. 17. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">5</SUP> See the Proxy Statement, pg. 17. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">6</SUP> Permission to use quotations from ISS was neither sought nor obtained. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">7</SUP> See the Proxy Statement, pg. 13. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">8</SUP> See the Condensed Consolidated Balance Sheets included in the Company&#146;s Quarterly Report
on&nbsp;Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for&nbsp;the quarter ended September&nbsp;30, 2024 filed with the SEC on November&nbsp;14, 2024 (the &#147;2024 Third Quarter <FONT STYLE="white-space:nowrap">10-Q&#148;).</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">9</SUP> See the Proxy Statement, pg. 16; see also&nbsp;Company&#146;s Annual Report on <FONT
STYLE="white-space:nowrap">Form&nbsp;10-K&nbsp;for</FONT> the fiscal year ended December&nbsp;31, 2021, filed with the SEC on March&nbsp;31, 2022; the Company&#146;s Annual Report on <FONT STYLE="white-space:nowrap">Form&nbsp;10-K&nbsp;for</FONT>
the <FONT STYLE="font-family:ARIAL">fiscal year ended December&nbsp;31, 2022, filed with the SEC on March&nbsp;31, 2023; and the Company&#146;s Annual Report on <FONT STYLE="white-space:nowrap">Form&nbsp;10-K&nbsp;for</FONT> the fiscal year ended
December&nbsp;31, 2023, filed with the SEC on April&nbsp;1, 2024</FONT><FONT STYLE="font-family:Times New Roman">. </FONT></P>
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while neglecting to drive trials to completion, secure approvals, or pursue commercialization with any sense of urgency. They delivered zero material process on any of the key clinical
indications of Ampligen, failing to advance even a single company-sponsored study to completion. The incumbent Board attempts to hide their failures behind a veil of opacity, but the truth is unmistakable: a stalled program with no direction or
visibility or timeline to approvals or revenues. This lack of transparency is, in effect, the only &#147;strategy&#148; the incumbent Board has for its clinical program&#151;and it is failing. </P></TD></TR></TABLE>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>&#147;The lack of transparency gives the impression that the company&#146;s pipeline is more advanced and that the
company is more involved than it actually is.&#148; </B></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>AIM has &#147;not brought a single project to completion for at least 10 years.&#148;</B></P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>&#147;It is worth noting that the company has never
been able to obtain FDA approval through its history.&#148; <SUP STYLE="font-size:75%; vertical-align:top">10</SUP> &#150; </B>ISS<B></B></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><I>They have wasted funds on compensation and unethical litigation to entrench themselves and overseen
massive, and increasing, losses</I></B><I>.</I><I><SUP STYLE="font-size:75%; vertical-align:top">11</SUP></I><I> </I>Net losses have totaled over $120&nbsp;million since 2016 and have accelerated. This is driven by increased G&amp;A, increasing by
2.5x from 2021 to 2023, to support excessive compensation and unethical entrenchment efforts. G&amp;A has been approximately double R&amp;D in recent periods, a totally inappropriate and irresponsible ratio for a clinical stage biotech firm. The
incumbent Board, with an average tenure of over 10 years, has not only violated their fiduciary duties but has also shamelessly paid themselves excessive compensation while the stock price has plummeted to less than a quarter. Their failure to act
in the best interests of stockholders has directly contributed to the destruction of value, enriching themselves at the expense of AIM&#146;s future. </P></TD></TR></TABLE>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#147;<B>AIM shareholders have suffered</B><B></B><B>&nbsp;significant losses, the company is
running</B><B></B><B>&nbsp;low on cash, and the</B><B></B><B>&nbsp;board&#146;s track record and stated plan does not inspire confidence&#148;</B><B><SUP STYLE="font-size:75%; vertical-align:top">12</SUP></B><B> </B>&#150; ISS</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><I>Their corporate governance practices have been abysmal, </I></B><B><I>demonstrating a complete failure
of leadership and accountability</I></B><B><I>.</I></B><B><I><SUP STYLE="font-size:75%; vertical-align:top">13</SUP></I></B><B><I> </I></B>These practices include (1)&nbsp;ignoring the will of stockholders by completely disregarding three
consecutive failed <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;say-on-pay&#148;</FONT></FONT> votes, with no meaningful action taken to address the overwhelming disapproval of their compensation practices, (2)&nbsp;making
hollow promises to add two new independent directors and review executive compensation, only to betray stockholders by appointing a <FONT STYLE="white-space:nowrap">pre-selected,</FONT> hand-picked director with deep ties to AIM and Equels,
bypassing any independent search process, then engaged the same compensation consultant that had previously recommended excessive pay to conduct a shallow, self-serving review, (3)&nbsp;maintaining a
<FONT STYLE="white-space:nowrap">non-stockholder</FONT> approved poison pill for over 25 years, a blatant disregard for stockholder rights that continues to entrench their control and harm AIM&#146;s long-term value; and (4)&nbsp;launching an
aggressive and harmful campaign against stockholders, relentlessly attacking those who seek change and severely damaged the Company financially and strategically and disenfranchised its stockholders. </P></TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">10</SUP> Permission to use quotations from ISS was neither sought nor obtained. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">11</SUP> See the Proxy Statement, pg. 17; see also the Company&#146;s Quarterly Report on <FONT
STYLE="white-space:nowrap">Form&nbsp;10-Q&nbsp;for</FONT> the quarter ended June&nbsp;30, 2024 filed with the SEC on August&nbsp;14, 2024; and the Condensed Consolidated Balance Sheets included in the 2024 Third
<FONT STYLE="white-space:nowrap">Quarter&nbsp;10-Q.</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">12</SUP> Permission to use
quotations from ISS was neither sought nor obtained. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">13</SUP> See the Proxy Statement, pgs.
<FONT STYLE="white-space:nowrap">17-18.</FONT> </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B></B>&#147;<B>In addition to destroying shareholder value and failing to provide any evidence that it could be
successful in generating a successful outcome in any of Ampligen&#146;s listed potential indications, the board has demonstrated a staggering disregard for shareholder feedback on its governance failings.</B>&#148;<SUP
STYLE="font-size:75%; vertical-align:top">14</SUP> &#150; ISS<B></B></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B></B>&#147;<B>We are profoundly concerned by the Board&#146;s lack of accountability and poor strategic oversight.</B>&#148;<SUP
STYLE="font-size:75%; vertical-align:top">15</SUP> &#150; Egan-Jones<B></B></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><I>They have violated their fiduciary duties and conducted an egregious self-interested entrenchment
campaign that has results in massive waste and destroyed virtually all stockholder value.</I></B><B><I><SUP STYLE="font-size:75%; vertical-align:top">16</SUP></I></B><B><I> </I></B>The Delaware Supreme Court ruled in 2024 that the incumbent Board
breached its fiduciary duties. In describing the Board&#146;s adoption of amended bylaws, the court stated that the &#147;<B>primary purpose was to interfere with Kellner&#146;s nomination notice, reject his nominees, and maintain control</B>&#148;
and that the bylaws were &#147;<B>product of an improper motive and purpose, which constitutes a breach of the duty of loyalty</B>.&#148;<SUP STYLE="font-size:75%; vertical-align:top">17</SUP><I></I><I>&nbsp;(emphasis added) </I>
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This illegal behavior by the AIM Board was not an isolated incident. A federal district court in
Florida sanctioned AIM and its counsel in 2024 in its Section&nbsp;13(d) claims against members of the Kellner Group and others &#150; claims that have been dismissed multiple times &#150; for pursuing arguments that were &#147;factually and legally
frivolous and<B>&nbsp;advanced for an improper purpose</B>.&#148;<SUP STYLE="font-size:75%; vertical-align:top">18</SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The cost of these bad faith actions has been staggering and directly and severely harmed the Company. We estimate <B>the
incumbent Board spent between $15 to $20</B><B></B><B>&nbsp;million in the past <FONT STYLE="white-space:nowrap">two-plus</FONT> years in pursuit of its self-interested entrenchment
campaign</B>.<SUP STYLE="font-size:75%; vertical-align:top">19</SUP> The purpose of this waste was to prevent a meaningful stockholder vote &#150; to deprive stockholders of their basic right to have a say in who represents them on the Board. Now
that the incumbent Board has exhausted litigation options to prevent a vote, they have attempted to pad the vote by awarding fully vested shares to executives before the record date, as an advance on future pay &#150; something there is no rational
justification for and is a clear continuation of their bad faith and improper purpose. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This is shocking and
unconscionable behavior &#150; blatantly putting their own self-interest ahead of the Company and its stockholders - to a degree that we have never seen before. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#147;<B>[W]e are alarmed by the Company&#146;s deliberate disregard for shareholders&#146; voices. The Delaware Supreme
Court&#146;s ruling in favor of shareholders, acknowledging a breach of fiduciary duty, underscores that the Board is more focused on entrenching itself and the management rather than addressing the Company&#146;s pressing financial, governance and
operational challenges</B>.&#148;<SUP STYLE="font-size:75%; vertical-align:top">20</SUP> &#150; Egan-Jones</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">14</SUP> Permission to use quotations from ISS was neither sought nor obtained. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">15</SUP> Permission to use quotations from Egan-Jones was neither sought nor obtained. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">16</SUP> See Proxy Statement, pgs. <FONT STYLE="white-space:nowrap">8-11.</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">17</SUP> Emphasis added. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">18</SUP> Emphasis added. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">19</SUP> Represents Kellner Group estimate based on increase in Company&#146;s G&amp;A expense from 2021 to 2023
and explanations provided as disclosed in AIM&#146;s Annual Reports on <FONT STYLE="white-space:nowrap">Form&nbsp;10-K&nbsp;for</FONT> past two years, together with continued elevated G&amp;A expenses in 2024 to date as disclosed AIM&#146;s most
recent Quarterly Report on <FONT STYLE="white-space:nowrap">Form&nbsp;10-Q.</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">20</SUP> Permission to
use quotations from Egan-Jones was neither sought nor obtained. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Kellner Group Nominees are the Only Viable Path to Rescue, Rebuild and Revive AIM </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Collectively, the Kellner Group Nominees will bring a wealth of business, financial, clinical trial, life science and corporate governance experience and much
needed credibility to the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The incumbent Board does not have the skill set that the Kellner Group does and has no plan to change
course</I></B>. Against all reason, despite overwhelming evidence of their incompetence, and unethical and self-serving actions, they simply ask stockholders to place blind trust in them and their same empty promises that progress is right around
the corner. But after nearly nine years of treating AIM like their personal piggy bank, the incumbent Board&#146;s complete and total failure is indisputable. Faced with this harsh reality, they have resorted to attacking us with misleading
narratives and outright lies to divert attention from their own disastrous and self-serving record. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Here is the undeniable truth: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;Kellner and Mr.&nbsp;Deutsch are two of AIM&#146;s largest and long-standing stockholders. We have
invested a significant amount in AIM and our sole motivation is to improve performance and create value for all stockholders. <B><I>We are fully aligned with stockholders and committed to their success</I></B>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The false narrative being pushed by the incumbent Board - suggesting Mr.&nbsp;Kellner is motivated by personal
financial gain to seek reimbursement or will exploit company resources - could not be further from the truth. These claims are completely divorced from reality. Mr.&nbsp;Kellner has spent decades building his business reputation as a trusted
investment fiduciary, and this reputation is a testament to his integrity and commitment to the best interests of the investors. All of the Kellner Group Nominees are committed to acting as responsible fiduciaries, focused on financially stabilizing
AIM and creating value for all stockholders. This stands in stark contrast to the incumbent Board members, who have egregiously violated their fiduciary duties by prioritizing their own self-interest, resulting in gross waste and destructive value
erosion. Similarly, the incumbent Board&#146;s deceitful misrepresentations of settlement discussions is nothing more than bad faith, deliberate attempt to mislead and distort facts. These discussions are a direct result of the incumbent
Board&#146;s unlawful entrenchment efforts and involve numerous lawsuits and people unrelated to the Kellner Group. <B><I>Mr.</I></B><B><I></I></B><B><I>&nbsp;Kellner remains fully committed to AIM and to using his resources and network to create
value if the Kellner Group Nominees are elected</I></B>. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;Kellner and Mr.&nbsp;Sweeney have been transparent about their business relationship &#150; it was
disclosed in detail in our proxy statement and Mr.&nbsp;Kellner&#146;s notice.<SUP STYLE="font-size:75%; vertical-align:top">21</SUP> They have long and proven track records of successful investing and running businesses, earning them the trust of
their respective investors through exceptional performance and responsible stewardship over many years. <B><I>Their demonstrated success is a significant strength of our slate and exactly the kind of leadership AIM desperately needs to address its
desperate financial situation and secure its successful future.</I></B> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">There are absolutely no third parties involved in our efforts that have not been publicly disclosed. None of the
participants in our solicitation have any criminal history whatsoever. <B><I>The incumbent Board&#146;s claims that criminals are involved in the Kellner Group are completely baseless, desperate and outright false</I></B>. <I>But the incumbent Board
needs to look in the mirror &#150; AIM continues to utilize and pay a CRO that was <FONT STYLE="white-space:nowrap">co-founded</FONT> by a convicted felon, recently convicted of securities fraud related deceiving investors about FDA submissions.
This individual was quoted in several AIM press releases in recent years, including promoting clinical progress that did not occur. The parallels are extremely troubling. AIM also resorted to seeking usurious financing from an individual whom the
SEC labeled a &#147;recidivist violator of the federal securities laws.&#148;</I> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP
STYLE="font-size:75%; vertical-align:top">21</SUP> See Proxy Statement, pg. 11 and Schedule 13D/A filed by the Kellner Group on September&nbsp;11, 2024, Exhibit 99.1. With no basis whatsoever, the incumbent Board has tried to claim that this
relationship was not fully disclosed. Once proxy advisory firms began recommending for the election of Mr.&nbsp;Kellner and Mr.&nbsp;Sweeney, the incumbent Board leaned into this allegation that was fabricated out of whole cloth in an attempt to
question their characters and deceive stockholders. Rather than honestly explain to stockholders why they believe this successful investing relationship would not be beneficial, which they could have done when it was fully disclosed in detail in the
notice months ago, the incumbent Board resorts to craven dishonesty and spins false narratives. It is their <I>modus operandi</I> and they have done it throughout this proxy contest and their self-interested entrenchment campaign. </P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">AIM also grossly mischaracterizes Mr.&nbsp;Chioini&#146;s history at Rockwell Medical. Mr.&nbsp;Chioini founded
Rockwell and served as CEO for 23 years, and under his leadership became the 2nd largest dialysate supplier in the US with four manufacturing facilities and 330 employees, executed multiple large clinical trials that resulted in multiple FDA
approvals, commercialized products, obtained funding through multi-million dollar licensing deals with large pharmaceutical firms and built a business that had a market cap of almost $1.0&nbsp;billion at its peak. Since Mr.&nbsp;Chioini left
Rockwell in 2018, the stock price has declined significantly, losing approximately 95% of its value (Nasdaq: RMTI). AIM also continues to willfully and falsely insist that Mr.&nbsp;Chioini was fired, despite a public record that clearly disproves
this claim, including the incumbent Board sitting through a trial that directly dispelled this claim. The truth is that he reached a settlement agreement that resulted in a significant payment to him after a dispute with conflicted board members
involving whistleblower retaliation claims made by both him and Rockwell&#146;s former CFO. The incumbent Board&#146;s deliberate misrepresentation of these facts is an outright distortion of the truth, further reflecting their pattern of
dishonesty. <B><I>None of the successes Mr.</I></B><B><I></I></B><B><I>&nbsp;Chioini achieved at Rockwell have materialized at AIM under the incumbent Board&#146;s leadership, so his proven ability to drive growth, secure FDA approvals, and create
value is exactly what AIM urgently needs to turn things around and deliver meaningful results for stockholders.</I></B><I> </I> </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The
degree of dishonesty that we have seen from the incumbent Board is staggering</B>. As just one example, they shamelessly attempted to deceive stockholders that the AIM stock price did not decline by over 99% by displaying a 2016 document referencing
an unadjusted stock price that did not account for subsequent <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-for-528</FONT></FONT> reverse stock splits. When we pointed out this blatant misrepresentation, they had the audacity
to call us liars. This kind of behavior is not only bizarre, but it shows you can&#146;t believe anything these say &#150; it is like the pot calling the kettle black, and then claiming the sky is not blue. This is their consistent approach &#150;
their entire campaign against us revolves around attacking our qualifications, characters, motivations and relationships. But none of it is based in reality whatsoever and it is an intentional, brazen attempt to mislead stockholders and distract
from the incumbent Board&#146;s catastrophic failures. <B><I>The reality is simple: Nothing from the incumbent Board should be trusted</I></B><I>. </I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Plan will Create Value for Stockholders </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Kellner Group is committed to implementing a bold, focused, responsible plan to reverse AIM&#146;s downward trajectory by stabilizing its
financial situation, revitalizing its clinical program and restoring real value to stockholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>First and foremost, the Kellner
Group will stabilize AIM and ensure it has the financial resources required to continue operations.</I></B> It is imperative that AIM raise substantial funding in a sustainable way given the catastrophic damage the incumbent Board has inflicted on
the Company&#146;s financial health. The Kellner Group Nominees have each successfully raised significant capital, and collectively, have raised over $1.0&nbsp;billion in investment capital over the years. We have the resources, networks, and
credibility to successfully raise the necessary funds and provide the essential runway to finally create value for stockholders and invest in the future of Ampligen. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In stark contrast, the incumbent Board simply does not have the credibility, expertise, networks and resources to secure the capital that AIM
desperately needs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The incumbent Board&#146;s financing efforts have been disastrous&#151;extremely dilutive and reliant on ATMs, equity
lines and excessive warrant coverage.<SUP STYLE="font-size:75%; vertical-align:top">22</SUP> They have failed to secure long-term financing, leaving AIM burdened with massive overhang that has only driven down the stock price. When they have raised
capital, they squandered it on self-serving entrenchment efforts, and wasteful G&amp;A and compensation, rather than on meaningful and strategic clinical efforts.<SUP STYLE="font-size:75%; vertical-align:top">23</SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The Kellner Group Nominees will draw on their decades of collective experience in generating value for investors, and the trust, credibility
and relationships they have built over the years, to attract long-term investment to AIM. We will direct that funding into a sharply focused clinical program. By being transparent with stockholders about AIM&#146;s clinical program and setting
clear, achievable goals and timelines, we are confident we can rebuild investor trust of investors and continue to attract capital. The contrast with the incumbent Board could not be more glaring. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">22</SUP> See the Proxy Statement, pgs. <FONT STYLE="white-space:nowrap">15-16.</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><SUP STYLE="font-size:75%; vertical-align:top">23</SUP> See the Proxy Statement, pgs. <FONT STYLE="white-space:nowrap">16-18.</FONT> </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B><I>Once AIM&#146;s financial condition stabilized, the Kellner Group Nominees will take
decisive action and implement their plan to revitalize AIM&#146;s clinical program. </I></B><I></I>We will conduct a comprehensive review of the available data on Ampligen, as well as the status of the various ongoing and past trials. This work will
begin immediately and will proceed with the urgency it deserves. We will collaborate with AIM&#146;s existing personnel, but will also bring in outside experts in oncology and other relevant fields to ensure AIM&#146;s success. We bring a vast and
powerful network of scientific and industry expertise, forged through Mr.&nbsp;Chioini&#146;s extensive career in biotech and pharmaceuticals and Mr.&nbsp;Kellner&#146;s leadership on numerous boards, including the Wisconsin Medical College Board.
This network will be instrumental in driving AIM&#146;s turnaround and ensuring its success. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Even more compelling, in the past week, we
announced the full support of the <FONT STYLE="white-space:nowrap">co-inventor</FONT> of Ampligen and former CEO of AIM, Dr.&nbsp;Carter, and another former AIM executive, Mr.&nbsp;Springate. Both of these individuals reached out to us due to their
deep experience with AIM and Ampligen and their desire to help us deliver the fundamental change AIM so urgently needs. These powerful endorsements underscore the credibility and trust that our team has within the industry and further validates our
plan to turn AIM around. This is clear indication that our group has the proven ability to attract the right people, with the right expertise, to collaboratively and effectively work toward turning AIM around and generating meaningful, long-term
value for stockholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">The pillars of our clinical program will be as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="middle" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Prioritize Oncology</TD>
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<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We believe that Ampligen holds immense potential in oncology. Under our leadership, we will pinpoint the oncology
indications with the greatest potential for success and pursue at least one Company-sponsored Phase 2 trial (or the most advanced phase that is feasible) as quickly as possible, with a targeted commencement within one year. During the first quarter,
we will clearly communicate our decision, outline our priority indications and provide a detailed explanation of our findings and rationale. Unlike the incumbent Board, we will take decisive action to unlock the true value of Ampligen and deliver
real progress for stockholders.</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="middle" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Assess Relationships to Build<BR>Quality Infrastructure for<BR>Company-sponsored Trials</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Simultaneously, to ensure that we are fully prepared to launch our Company-sponsored trial(s) without delay, we will
aggressively evaluate and secure the best possible partnerships with contract manufacturing organizations (CMOs) and contract research organizations (CROs). We will put in place robust, high-quality agreements that guarantee the necessary support
for our trials, ensuring that we are positioned for immediate and effective execution. Unlike the incumbent Board, we are committed to taking swift, strategic action to move AIM forward and maximize its potential.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="middle" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Implement Cost-Saving Measures<BR>and Reallocate Funds to R&amp;D</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We will take immediate, decisive action to slash excessive G&amp;A spending, starting with compensation and legal
spending. At the same time, we will reallocate critical resources from G&amp;A to R&amp;D, ensuring that the company&#146;s focus shifts squarely to what matters most: advancing research and development. R&amp;D will be our top priority, and we will
not tolerate the continued misallocation of funds that has plagued AIM under the incumbent Board. These actions, combined with the substantial funding we believe we can secure through our strong relationships, will provide the necessary runway to
drive a swift and aggressive turnaround. Unlike the current Board, we are committed to delivering real results and restoring value for stockholders.</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Monetize Programs Closer to Commercialization</P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
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<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">We will actively pursue opportunities to generate funding through programs that that are potentially closer to
commercialization than</P></TD></TR></TABLE>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">AIM&#146;s oncology programs. Our goal is to identify programs that could provide a near or medium term return, which
could help fund our oncology programs and/or deliver immediate benefits to both patients and stockholders. Specifically, we will evaluate the following:</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; margin-right:0.20em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#149;&#8195;&#8194;&#8202;ME/CFS &#150; We will assess whether initiating
another Phase 3 trial is viable in the near term, based on the FDA&#146;s feedback from 2013. This could potentially accelerate progress and bring us closer to commercialization.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; margin-right:0.20em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#149;&#8195;&#8194;&#8202;Alferon N &#150; We will evaluate the feasibility of
restarting production and commercialization of this <FONT STYLE="white-space:nowrap">FDA-approved</FONT> product, which could generate revenue and strengthen our financial position.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; margin-right:0.20em; text-indent:-2.00em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#149;&#8195;&#8194;&#8202;Ampligen in Argentina &#150; We will examine whether
regulatory and operational efforts can be expedited to launch commercial sales, potentially creating meaningful revenues in the short term.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">If the cost-benefit analysis for any of these programs does not support their pursuit, we will be transparent with
stockholders, explaining our rationale for moving away from them. Conversely, if we determine that any program offers the potential for value creation through sales or <FONT STYLE="white-space:nowrap">out-licensing,</FONT> we will take decisive
action to capitalize on those opportunities. Our approach will be data-driven, transparent, and focused on creating sustainable value for AIM&#146;s stockholders. Unlike the incumbent Board, which has allowed AIM to stagnate, we will take bold and
informed steps to move the company forward.</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-right:0.20em; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Throughout this process, we will prioritize transparent, consistent communication with stockholders, keeping them informed
about our goals, milestones, and timelines. By maintaining this level of clarity and accountability, we are confident that we can demonstrate measurable progress and earn the trust of the investment community. This approach will enable us to attract
high-quality, long-term investment and ensure sustained support for our strategic vision. Unlike the incumbent Board, which has relied on vague statements, outright lies, and a consistent lack of action, we will offer real clarity at every step.</P>
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</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Lastly, but by no means least, we will implement governance reforms and investor outreach that have been completely
absent under the incumbent Board. </I></B><I></I>The incumbent Board has not only utterly failed to establish an effective governance structure, but has fostered a toxic, dysfunctional environment marked by unethical conduct, disloyalty to the
Company, a constant financial crisis, missed opportunities, and gross mismanagement. Their actions have created a culture of neglect and self-interest that has left AIM in a state of perpetual instability and underperformance. We are committed to
making the necessary changes, starting immediately: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><I>Board Composition and Independence</I></B><I>. </I>We will identify and appoint an additional independent
director, with a focus on finding a candidate with no prior history with AIM, with scientific or other relevant expertise, and with a diverse background that reflects a forward-thinking perspective. </P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><I>Compensation Overhaul</I></B><I>. </I>We will engage a new, independent compensation consultant to
completely restructure AIM&#146;s compensation practices. Our focus will be on slashing guaranteed compensation, reducing executive and director fixed and cash pay, and implementing a performance-driven incentive-based compensation structure with
objective performance measures. </P></TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><I>Poison Pill Review</I></B><I>. </I>Review AIM&#146;s poison pill, which has been in effect for almost 25
years without stockholder approval, with consideration of putting it to a stockholder vote if it will be maintained long-term. </P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B><I>Investor Communications.</I></B><I> </I>Initiate outreach in a transparent manner to stockholders and new
investors to tell our story and keep them informed. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unlike the incumbent Board, we will not make empty promises&#151;we will deliver on
these critical commitments overhaul the governance structure at AIM to ensure transparency, accountability and long-term stockholder value. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The
incumbent Board has destroyed stockholder value and imperiled AIM&#146;s future through breaches of its fiduciary duties and bad faith conduct.&#8195;Stockholders must act now to save AIM before it is too late. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>We urge stockholders to vote &#147;<U>FOR</U>&#148; all four Kellner Group Nominees for urgently needed change. </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We believe that if the Kellner Group Nominees are elected, AIM&#146;s future will be bright and we stand ready and able to lead a turn around and create
value for all stockholders. But if the Kellner Group Nominees do not control the Board, stockholders can expect more of the same value destruction and self-dealing from the incumbent Board and we fear that AIM will have no future at all. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Thank you for your support and consideration. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The Kellner Group </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE
KELLNER GROUP URGES ALL STOCKHOLDERS TO VOTE ON THE<U>&nbsp;GOLD</U>&nbsp;PROXY CARD </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TODAY TO ELECT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TED D. KELLNER, TODD DEUTSCH, ROBERT L. CHIOINI AND PAUL SWEENEY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>If you have any questions, require assistance in voting your</I><B><I>&nbsp;GOLD</I></B><I></I><B><I></I></B><I>&nbsp;proxy card, or need additional copies
of the Kellner Group&#146;s proxy materials, please contact Okapi Partners at the phone numbers or email address listed below. Please also visit <FONT STYLE="font-family:Times New Roman" COLOR="#0000ff"><U>https://okapivote.com/AIM/</U></FONT> for
additional information. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contact: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Okapi
Partners LLC </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1212 Avenue of the Americas, 17th Floor, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">New York, New York 10036 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stockholders may <FONT
STYLE="white-space:nowrap">call&nbsp;toll-free:&nbsp;(844)&nbsp;343-2621</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Banks and
<FONT STYLE="white-space:nowrap">brokers&nbsp;call:&nbsp;(212)&nbsp;297-0720</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Email: info@okapipartners.com </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Important Information and Participants in the Solicitation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Kellner Group has filed a definitive proxy statement and associated<B></B><B>&nbsp;GOLD</B>&nbsp;proxy card with the Securities and Exchange Commission
(&#147;SEC&#148;) to be used to solicit votes for the election of its slate of highly-qualified director nominees at the upcoming annual meeting of stockholders of AIM. Details regarding the Kellner Group nominees are included in its proxy
statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THE KELLNER GROUP STRONGLY ADVISES ALL STOCKHOLDERS OF AIM TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information regarding the identity of participants in the Kellner Group&#146;s solicitation, and their
direct or indirect interests, by security holdings or otherwise, is set forth in the Kellner Group&#146;s proxy statement and additional proxy materials filed with the SEC. Stockholders can obtain a copy of the proxy statement, and any amendments or
supplements thereto and other documents filed by the Kellner Group with the SEC for no charge at the SEC&#146;s website at www.sec.gov. Copies will also be available at no charge at the following website: https://www.okapivote.com/AIM. Investors can
also contact Okapi Partners LLC at the telephone number or email address set for the above. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, on December 13, 2024, Mr. Kellner sent e-mail messages to certain stockholders with
substantially the following message: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We issued a comprehensive summary of our case for change this morning, which I ask you to please carefully consider.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We made some great progress this week, announcing the support of AIM&#146;s former CEO and the co-inventor of Ampligen, Dr. Carter.&nbsp;Another former
executive who spent 18 years at AIM, Wayne Springate, also announced his support for us.&nbsp;They both reached out to us because they want to help us lead a turnaround at AIM and believe we are the right team.&nbsp;They&#146;ve been very helpful,
and we have confidence we&#146;ll continue to attract quality people who will collaborate with us.&nbsp;These announcements can be found on our site at
<FONT STYLE="font-family:Times New Roman; font-size:10pt" COLOR="#0000ff"><U>https://okapivote.com/AIM/</U></FONT><FONT STYLE="font-family:Times New Roman">. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The incumbent Board&#146;s case against me and my nominees is based almost entirely on questioning our characters and motives.&nbsp;Bluntly, they are not
telling you the truth.&nbsp;I am 100% committed to turning AIM around and restoring value for stockholders. That is my only motivation and I&#146;m fully aligned with all stockholders.&nbsp;I bought my stock above $2.&nbsp;If I make money, all
stockholders will benefit.&nbsp;My intention is to drive much greater value by making sure we are investing in R&amp;D and aggressively driving the clinical program forward.&nbsp;I have publicly committed to use my resources and network to get that
done. I put my team of nominees together because I truly believe they all bring something valuable to the table and collectively we can do great things for AIM. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I was in the money management business for 50 years.&nbsp;I built a reputation of integrity over the years that I am very proud of, and have a track record of
successful investing and acting as a trusted fiduciary for my clients. In this process with AIM, I&#146;ve been accused of things I&#146;ve never been accused of in my entire career &#150; deception, improper motives.&nbsp;I promise you that it is
total garbage and anybody I&#146;ve ever done business with would confirm that.&nbsp;I am going to do what is in the best interests of AIM and it stockholders and the last thing I would do is anything that would tarnish my name and reputation. The
incumbents twist information, mischaracterize and unfortunately just make things up. There are some examples in this morning&#146;s release that I&#146;d ask you to consider.&nbsp;But there are plenty of the others too.&nbsp;Their settlement
discussion characterizations are just plain wrong &#150; we never seriously discussed&nbsp;financial settlement because we couldn&#146;t agree on board composition.&nbsp;They were promising insurance proceeds in exchange for releases and keeping
their seats, and then they went public with their mischaracterizations and that was the end of it. I would love the opportunity to talk through the specific allegations and give you the real facts &#150; but the idea that I am in this to exploit
AIM&#146;s resources (which are virtually non-existent at this point) is just nonsense.&nbsp;I&#146;ve been fortunate financially in my life and it just is not even remotely close to the truth. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You know what you&#146;ll get with the incumbent Board in control.&nbsp;The record speaks for itself.&nbsp;You and your investors will be much better off with
my group in control.</P>
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