Risk Factors Update Summary

• We expect tax benefits from the Tax Receivable Agreement to aggregate approximately $350 million over 41 years.
• We have an accumulated deficit of $1.4 billion as of September 30, 2023, increasing financial risk.
• Our operating costs have been impacted by price inflation and may continue to be so impacted. This change might result in increased costs affecting profitability.
• The company may face significant litigation or investigations, leading to reputational damage and decreased demand for our products.
• Our net losses were $207.9 million for the year ended September 30, 2023, indicating ongoing financial challenges.
• We completed a sale of 10,000,000 shares of Class A common stock, raising approximately $197 million. This capital may support future operations and growth initiatives.
• The implementation of a new ERP system may cause inefficiencies until stabilized, impacting financial reporting.
• Changes in tax laws could adversely affect our business, financial condition, and future profitability.
• Walmart accounted for approximately 87% of our total revenue in the fiscal year ended September 30, 2023, highlighting dependency risks.
• Our internal control over financial reporting was not effective as of September 28, 2024, due to material weaknesses. This could lead to misstatements in financial statements and loss of investor confidence.
• Our organizational structure may lead to conflicts between holders of New Symbotic Holdings Common Units and Class A Common Stock.
• We may fail to realize anticipated benefits of the GreenBox joint venture, potentially disrupting operations and increasing liabilities.
• We may face increased costs and complexity due to compliance with a global patchwork of privacy and data security laws. This could adversely affect our business operations and financial performance.
• Supply chain interruptions may increase our costs or reduce revenue, impacting overall financial performance and stability.
• The trading price of our common stock may be volatile, influenced by market conditions and announcements. This volatility could impact investor confidence and stockholder value.