<div id="readability-page-1">Diveroli Investment Group (&#34;DIG&#34;) today announced that it has filed a Schedule 13D with the U.S. Securities and Exchange Commission disclosing a significant ownership position in PetMed Express, Inc. (&#34;PetMed&#34; or the &#34;Company&#34;).DIG believes PetMed's current share price is materially disconnected from the Company's intrinsic value. With multiple acquisition proposals on the table, significant hard assets on the balance sheet, no long-term debt, and a nationally recognized brand operating in a $165+ billion U.S. pet industry, DIG is calling on PetMed's Board of Directors to act decisively in the best interests of all shareholders.In late 2025, PetMed received multiple unsolicited, all-cash acquisition proposals at prices well above the current trading level, including a $4.25 per share proposal from Cardone Ventures and a $4.00 per share proposal from SilverCape Investments, underscoring the strategic value of the Company's platform, brand, and customer base.&#34;With multiple cash proposals, it's clearly an attractive target for acquirers,&#34; said DIG Chief Investment Officer Aharon Diveroli. &#34;When private capital is willing to pay 40% premiums, it's incumbent on management to explain why shareholders should wait.&#34;Beyond the existing proposals, DIG believes the situation could attract additional interest. M&amp;A research spanning 30 years shows that in 20-30% of unsolicited bid situations, a third-party ‘White Knight' ultimately acquires the target at a higher price once valuation gaps become clear. PetMed's nationally licensed pharmacy platform, fulfillment infrastructure, and established customer base may appeal to potential bluechip acquirers like Amazon, as well as experienced consolidators like Chewy and Tractor Supply, both of which have expanded through prior pet-focused acquisitions.PetMed's 184,000+ square foot headquarters and fulfillment center in Delray Beach, Florida - acquired in 2016 for $18.5 million - is a significant asset. South Florida industrial real estate has appreciated significantly since then, with the property now assessed at over $19.4 million according to Palm Beach County records. This asset alone represents approximately $0.92 per share, forming a meaningful part of the Company's valuation floor.At roughly $2.90-$3.00 per share, investors are assigning minimal value to PetMed's operating business, brand, customer base, and licensed pharmacy platform - a clear case of market undervaluation during a transition period.&#34;Pet ownership and associated spending has shown durable growth across economic cycles&#34; added DIG Chief Operating Officer Jonathan Berney. &#34;U.S. expenditures grew annually at roughly 7-8% the past decade and are projected to surpass $150 billion in the next few years. Pet moms and dads continue to drive recurring demand.&#34;DIG intends to engage constructively with the Company's board and management regarding strategic alternatives, governance, and actions to maximize shareholder value. DIG may also communicate with other shareholders and interested parties as appropriate.About Diveroli Investment GroupDiveroli Investment Group (or &#34;DIG&#34;) is a Miami-based, family-run investment firm that pursues value creation through opportunities in public and private companies. The firm focuses on sectors where technological change, operational inflection points, or strategic under-appreciation create significant upside potential. Founded in 2025, the firm achieved a +385% first-year return on proprietary capital and is assessing the feasibility of accepting outside capital from select accredited investors later this year.Investor &amp; Media Relations Avigail Diveroli, Communications Director Diveroli Investment Group Email: avigail@investdig.com Website: www.investdig.comImportant Additional Information and Where to Find ItThe views expressed in this press release reflect the personal opinions of the authors or speakers and are based solely on publicly available information believed to be reliable at the time of publication. This communication is not a recommendation to buy, sell or exchange any securities, and it does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any securities. Information about PetMed Express is available at the SEC's website at www.sec.gov. We are not broker-dealers or registered investment advisors. Although we possess PETS shares, we may buy or sell shares at any time without notice.Any statements about valuation, performance, or outlook are personal opinions and should not be construed as facts. Always conduct your own due diligence and consult a licensed financial advisor before making investment decisions. Compensation may have been provided to third parties involved in the creation or promotion of this content. All material is for informational and educational purposes only.SOURCE: Diveroli Investment GroupView the original press release on ACCESS Newswire<img src="https://imageproxy.pbkrs.com/https://app.accessnewswire.com/img.ashx/query-aWQ9MTEzNjYzNg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="0" height="0" original-src="https://imageproxy.pbkrs.com/https://app.accessnewswire.com/img.ashx/query-aWQ9MTEzNjYzNg"/></div>

PETS

Diveroli Investment Group (DIG) 已向美國證券交易委員會（SEC）提交了 Schedule 13D，披露其在 PetMed Express, Inc. 的重大持股。DIG 認為，PetMed 的股價相對於其內在價值被低估，並強調了多個收購提案和可觀的硬資產。DIG 指出，PetMed 沒有長期債務，並在價值 1650 億美元的寵物行業中擁有強大的品牌，敦促 PetMed 的董事會採取行動，以維護股東的最佳利益。該公司相信，考慮到其有價值的資產和在寵物消費方面的增長潛力，可能會出現更多的收購興趣

Diveroli 投資集團在 PetMed Express 提交 13D 文件，突出其戰略價值、資產底線以及多種收購途徑