Risk Factors Update Summary

• The completion date for the initial business combination was extended from May 3, 2023, to May 3, 2024.
• Increased global tensions, such as Russia-Ukraine conflict, may lead to market volatility affecting business operations.
• The Sponsor's ownership of outstanding common stock increased from approximately 69% to about 89%.
• Rising conflicts could result in significant trade sanctions impacting financial performance and business opportunities.
• A property purchase agreement worth $26.75 million was entered into for the corporate headquarters of DISH Wireless.
• Escalating tensions between the U.S. and China may lead to higher tariffs affecting international trade.
• The number of shares of Class A common stock exercised for redemption increased from 6,294,164 to 6,621,988.
• The excise tax liability accrued for future SPAC redemptions increased from $639,193 to $639,193.
• The minimum market value of listed securities required by Nasdaq increased from $35 million to an unspecified amount.
• The compliance period granted by Nasdaq for regaining compliance with the minimum market value rule was extended to April 29, 2024.