Risk Factors Update Summary

• The company transitioned to a Delaware corporation, incurring non-recurring costs of $26.2 million in 2023.
• The company reduced its workforce by 19 employees, down to 272 full-time employees as of December 31, 2023.
• Increased compliance costs with Section 404 may require hiring additional staff, incurring significant expenses.
• The company's net loss decreased from $211.8 million in 2021 to $118.7 million in 2023.
• Holders of Exchangeable Shares are now subject to additional risks due to changes.
• Exchangeable Shares are not listed on any stock exchange, impacting marketability.
• Holders requesting an exchange may experience a delay in receiving common stock.
• Different tax consequences under Canadian law may apply to Exchangeable Shares disposals.
• Uncertainty in tax treatment for non-Canadian tax purposes, including U.S. federal income tax.
• The stockholders' rights plan and bylaws have been updated, potentially impacting shareholder rights.