Risk Factors Update Summary

• Holders of Class B common stock have the exclusive right to elect directors before the initial business combination. This change might impact the composition of the board significantly.
• Increased the potential liability if unable to meet the Minimum Cash Condition at closing.
• Added details on the consequences of failing to complete the initial business combination within the specified time frame.
• Issued 150,000 Extension Private Placement Warrants to the sponsor, now increased to 300,000. This change could affect voting power and potential dilution.
• Added risk factors related to the proposed Unifund Business Combination, requiring meeting the Minimum Cash Condition at closing.
• Added information on the limitations of the Trust Account investments and the consequences of not completing the initial business combination.
• Identified material weaknesses in internal controls over financial reporting, including disbursement issues. Remediation efforts ongoing.
• Extended the deadline to complete the initial business combination from 18 to 22 months.
• Added details on the consequences of being deemed an investment company under the Investment Company Act.
• Recorded $410,576 excise tax liability for shares redeemed at the 2023 Special Meeting. This may impact available funds for business operations.
• Added disclosure on the potential impact of the Proposed Rules under the Investment Company Act.