Risk Factors Update Summary

• Added request for Nasdaq Hearings Panel to extend time for business combination until April 25, 2024.
• The ownership of the Slam Parties increased from 36% to 61%, a significant change.
• The company may be exposed to claims of punitive damages if directors and officers breach their fiduciary duties.
• Share price requirement changed from $4.00 to $5.00 per share for listing on Nasdaq.
• Increased the required market value of securities from $2,500 to $2,500,000.
• Added the ability to redeem public warrants at $1.50 per warrant, affecting warrant holders.
• The deferred underwriting commissions payable will not be adjusted, increasing the probability of an unsuccessful business combination.
• Failure to obtain adequate directors' and officers' liability insurance could have an adverse impact on the company.
• Increased the required net tangible assets from $5.0 million to $6.0 million.
• Added the ability to amend warrants without shareholder approval, impacting exercise price and period.
• The geopolitical conditions due to the invasion of Ukraine and Israel-Hamas war may adversely affect business operations.
• The increased cost and decreased availability of directors' and officers' liability insurance may impact the company's operations.
• Increased the required approval threshold from 50% to 65% for amending warrant terms.
• The invasion of Ukraine and Israel-Hamas war could lead to market disruptions and affect global economies.