On June 21, 2023, Nevan Elam notified the Peak Bio, Inc. of his resignation from the Company’s Board of Directors (the “Board”), effective immediately. Mr. Elam’s decision to resign from the Board is solely for personal reasons and is not the result of any disagreement with the Company with respect to any matter relating to the Company’s operations, policies or practices, or any disagreements in respect of accounting principles, financial statement disclosure, or any issue impacting the Audit Committee of the Board (the committee on which he served and chaired).