 Legion Partners Asset Management, LLC, which, together with its affiliates collectively, we or Legion Partners, beneficially owns 2,277,091 shares of common stock of OneSpan Inc. OneSpan, OSPN or the Company Nasdaq: OSPN, today issued a public letter to the Companys Board of Directors the Board. In the letter, Legion Partners expresses its frustration at the Boards inability to take decisive action to address the Companys discounted valuation, and its belief that major improvements are needed with regard to OneSpans strategy, communications with investors and Board composition. 