Risk Factors Update Summary

• "Position We are a recently incorporated company with no operating history or revenues."
• "Shareholders need 37.5% approval (8,625,001 out of 23,000,000) for the initial business combination."
• Converted all outstanding Class B shares into Class A shares on a one-for-one basis.
• "The board may complete a business combination without seeking shareholder approval."
• "The company may need to restructure the transaction or arrange for additional third-party financing."
• Shareholders may receive only approximately $92 per public share, up from $20.
• "Current and former directors and officers have agreed to vote in favor of the initial business combination."
• "The company may need to liquidate if unable to meet business combination deadlines."
• Potential conflict of interest with initial shareholders owning 30.65% post-IPO.
• "Additional third-party financing may involve dilutive equity issuances or restructuring transactions."
• Ability to amend provisions of the memorandum and articles of association without shareholder approval.
• Possibility of substantial dilution if additional private placement warrants are issued.
• Potential for lack of diversification in business combination, subjecting to various risks.
• Cyber incidents could impact operations, especially if partnering with entities outside the U.S.