Risk Factors Update Summary

• The company must complete its initial business combination within 24 months of the IPO.
• Extended the Termination Date to consummate a Business Combination monthly up to eleven times, depositing $90,000 each time. This could result in an additional $990,000 being deposited into the Trust Account.
• The company liquidated investments in the Trust Account to mitigate being deemed an investment company.
• Holders of 2,873,211 Class A common stock redeemed shares for $11.16 per share, totaling approximately $32,066,629.79. This resulted in a decrease in ownership percentage to approximately 67.9%.
• Holding all funds in cash reduced the dollar amount for Public Stockholders upon liquidation.
• Increased the number of monthly extensions for the Charter Extension Date from nine to eleven times. This allows for two additional monthly extensions.
• Changed the percentage of outstanding common stock owned by initial stockholders and Antara from 79.1% to 50.7%. This represents a significant decrease in ownership percentage.
• Amended the Charter to extend the Termination Date to consummate a Business Combination up to twelve months after the Original Termination Date. This allows for an additional month for the Business Combination to be completed.
• Increased the deposit into the Trust Account from $160,000 to $90,000 for each monthly extension. This results in a reduction of $70,000 per extension.
• Changed the number of Charter Extension Date extensions from nine to eleven times. This allows for two additional extensions.