Risk Factors Update Summary

• Added concerns about the U.S. budget deficit, debt ceiling, and credit rating. This could impact financial markets.
• Conflict between Israel and Hamas now listed as a risk factor. This geopolitical tension may affect operations.
• Added a 1% U.S. federal excise tax risk. This tax could impact the completion of a business combination.
• Added "Operating" to "Strategic Partners" in pursuing acquisitions. This change enhances operational expertise.
• Founder shares now hold 32.4%, up from 26%. This increases founder influence on business decisions.
• Minimum Cash Condition added as a closing condition. Failure to meet this could prevent business combination.
• Churchill Capital Corp VII's offering extended to May 17, 2024, providing more time for acquisitions.
• Expanded potential conflicts of interest in pursuing acquisitions and completing the business combination.
• Private placement shares hold 32.4%, up from 26%. This increases private placement shareholder influence.
• Increased authorized shares from 479 million to 550 million. This allows for potential future financing flexibility.
• Clarified conflicts of interest in completing the initial business combination, emphasizing potential risks.
• Added geopolitical risks involving conflicts in Ukraine, Israel, and the United States, impacting operations.
• Increased the number of shares purchased by the Sponsor to 43,125,000, indicating higher investment.
• Noted the need for additional insurance regarding potential claims post-business combination, highlighting risk.