Item 4 — Purpose of Transaction
The Shares were acquired by Meteora Capital, LLC (the "Reporting Person") on behalf of certain private investment funds and managed accounts for which it serves as investment manager, for investment purposes in the ordinary course of business. The Issuer is a special purpose acquisition company formed to effect a merger, share exchange, asset acquisition, reorganization or similar business combination. Vikas Mittal, the managing member of the Reporting Person, separately serves in a capacity affiliated with the sponsor or management of the Issuer and may, in such separate capacity, participate in the evaluation, negotiation and execution of a potential business combination transaction involving the Issuer. The Reporting Person itself does not control, direct or manage the Issuer's business combination process and did not acquire the Shares pursuant to any agreement or arrangement relating to a specific transaction. However, due to the affiliations described above, the Reporting Person may be deemed to beneficially own securities of an issuer that is actively pursuing an extraordinary corporate transaction within the meaning of Item 4(a) of Schedule 13D. The Reporting Person intends to review its investment in the Issuer on an ongoing basis and may acquire additional securities or dispose of securities depending on market conditions and other factors. Except as described above, the Reporting Person does not currently have any specific plans or proposals that would result in any of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.