Risk Factors Update Summary

• The number of private placement warrants issued has increased from 11,500,000 to 12,000,000.
• The company intends to avoid being deemed an "investment company" by restricting investments. Failure may result in liquidation at approximately $10.20 per share.
• The time to complete the initial business combination has increased from 18 to 30 months.
• The potential delisting from Nasdaq due to non-compliance with listing rules, impacting stock liquidity.
• Compliance with laws and regulations may be difficult, time-consuming, and costly, affecting operations.
• The number of remaining shares has increased from 478 to 577, affecting ownership percentages.
• The deadline extension request from May 2, 2024, to November 2, 2024, and potentially to May 2, 2025.
• The potential impact on stock price volatility due to delisting and lack of market development.
• Changes in laws and regulations could have a material adverse effect on business operations.
• The potential issuance of additional shares upon warrant exercise could dilute ownership.