On May 4, 2022, ETFS Capital Limited announced its intention to file preliminary proxy materials for election to the Board of Directors of WisdomTree Investments, Inc. at the Company's 2022 annual meeting of stockholders and issued an open letter to the Board. In the letter, ETFS Capital expresses disappointment in apparent bad faith motives of the Board and Management in seeking to settle with ETFS and Lion Point Capital, LP. ETFS Capital also stated that urgent need for independent directors with relevant industry experience to help correct the Company's value destruction and hold management accountable.