Item 4 — Purpose of Transaction
The Reporting Person acquired the shares of Common Stock reported on this Schedule 13D in connection with the Business Combination for investment purposes. Except as described in this Schedule 13D, the Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Person may, however, in the future consider, explore and/or develop plans and/or make proposals (whether preliminary or final) with respect to, among other things, extraordinary transactions and transactions relating to a material amount of the Issuer's assets, dividend policy, composition of the Board and management, corporate structure and business, sale transactions, acquiring additional securities of the Issuer, making amendments to the governing instruments of the Issuer and the actions described in subsections (a) through (j) of Item 4 of Schedule 13D. As a member of the Board, as Chief Executive Officer or as a stockholder of the Issuer, the Reporting Person may engage in communications with, without limitation, one or more stockholders of the Issuer, management of the Issuer and/or one or more members of the Board and may make suggestions concerning the Issuer's operations, prospects, business and financial strategies, strategic transactions, assets and liabilities, business and financing alternatives, the composition of the Board and such other matters as the Reporting Person may deem relevant to his investment in, and position with, the Issuer. The Reporting Person may change his intentions with respect to any and all matters referred to in this Item 4 at any time and without prior notice. He may also take steps to explore and prepare for various plans and actions, and propose transactions, before forming an intention to engage in such plans, proposals or other actions or proceed with such transactions. The Reporting Person also intends to review his investment in the Issuer on a continuing basis and depending upon various factors, including, without limitation, the Issuer's financial position and strategic direction, the outcome of any communications referenced above, overall market conditions, other investment opportunities available to the Reporting Person, and the availability of securities of the Issuer at prices that would make the purchase or sale of such securities desirable, may take such actions with respect to his investment in the Issuer as he deems appropriate. The Reporting Person may endeavor (i) to increase or decrease his position in the Issuer through, among other things, the purchase or sale of securities of the Issuer, including through transactions involving the shares of Common Stock and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer in the open market or in private transactions, including through a trading plan created under Rule 10b5-1(c) or otherwise, or through the grant, vesting or exercise of equity awards granted to him in his capacity as an officer or director of the Issuer, and to decrease his position through gifts, transfers to family members, trusts or other estate-planning vehicles, or donations to charitable organizations or donor-advised funds, on such terms and at such times as the Reporting Person may deem advisable and/or (ii) to enter into transactions that increase or hedge his economic exposure to the shares of Common Stock without affecting his beneficial ownership of the shares of Common Stock. In addition, the Reporting Person may, at any time and from time to time, (i) review or reconsider his position and/or change his purpose and/or formulate plans or proposals with respect thereto and (ii) consider or propose one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.