Ra Medical Securities Litigation

If you purchased or otherwise acquired Ra Medical Common Stock pursuant and/or traceable to Ra Medical's initial public offering and/or between September 27, 2018 and November 27, 2019, inclusive (The Settlement Class Period) you could receive a payment from a class action settlement. Certain persons are excluded from the Settlement Class as set forth in the Notice.

Subject to Court approval, Lead Plaintiffs, on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $10,000,000 in cash (the “Settlement Amount”) to be deposited into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, and (d) any attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class. The proposed plan of allocation is included in the Notice.

Your legal rights are affected whether you act or don’t act. Read the Notice carefully.

Your Legal Rights and Options in This Settlement

Submit a Claim Form online or postmarked no later than July 9, 2022.	This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims that you have against Defendants and the other Released Defendants’ Parties, so it is in your interest to submit a Claim Form.
Exclude yourself from the Settlement Class by submitting a written request for exclusion so that it is received no later than May 23, 2022.	If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Released Defendants’ Parties concerning the Released Plaintiffs’ Claims.
Object to the Settlement by submitting a written objection so that it is received no later than May 23, 2022.	If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class.
Go to a Hearing on August 15, 2022 at 11:30 a.m., and file a Notice of Intention to Appear so that it is received no later than May 23, 2022.	Filing a written objection and notice of intention to appear by May 23, 2022 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
Do Nothing	If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.