Sets Record Straight on Mischaracterization of AIM's Historical Share Price

Reminds AIM Shareholders of Activist Group's Numerous Lies, Omissions and Misrepresentations in Multi-Year Effort to Take Control of the Board

Urges Shareholders to Safeguard AIM by Voting "FOR" ALL Four of the Board's Incumbent Candidates and Discarding Any Proxy Materials Received from the Activist Group

AIM ImmunoTech Inc. (NYSE:AIM) ("AIM" or the "Company") today issued the following statement refuting the false and misleading claims recently made by a group of activist investors (collectively, the "Activist Group") relating to their multi-year attempt to take over AIM's Board of Directors (the "Board") at the upcoming 2024 Annual Meeting of Stockholders (the "Annual Meeting"), presently scheduled for December 17, 2024.

Since 2016, the Board and management team have worked to overcome multiple obstacles, refocus the Company's clinical development programs to high-value indications, improve its financial condition and lay the foundation for long-term shareholder value creation. To be clear, the Board and management are unhappy with the Company's stock price performance – but they are doing everything possible to continue the significant momentum with Ampligen – which is ultimately what will create long-term value for all shareholders.