Alcon Terminates Merger Agreement with LENSAR

Alcon Research, LLC, VMI Option Merger Sub, Inc., and LENSAR, Inc. entered into a termination and mutual release agreement dated March 16, 2026. The parties mutually elected to terminate the March 23, 2025 merger agreement under Section 7.1(a), and the merger agreement was terminated in its entirety.

The termination is effective immediately upon execution and is described as irrevocable. The agreement provides that LENSAR is permitted to keep and own the deposit, and Alcon waives rights and claims related to the deposit under Section 5.20 of the merger agreement. The confidentiality agreement survives the termination.