Rubric Capital Management Issues Open Letter to Xperi Inc. Stockholders in Response to Company’s Highly Misleading Investor Presentation

NEW YORK--(BUSINESS WIRE)--Rubric Capital Management LP (“Rubric”), an investment advisor whose managed funds and accounts collectively own approximately 9.0% of the outstanding shares of common stock of Xperi Inc. (NYSE: XPER) (“Xperi” or the “Company”), today issued an open letter to Xperi’s stockholders in response to an investor presentation released by the Company in connection with its 2024 Annual Meeting of Stockholders. The full text of the letter follows: Dear Fellow Xperi Stockholders