Hypebeast SPAC Presentation Deck

Deal Structure BUSINESS COMBINATION HYPEBEAST FORMS DELAWARE SUBSIDIARY TO MERGE WITH IRON SPARK Hypebeast Shareholders 100% Hypebeast HK Listed Cayman Entity 100% MergerCo Subsidiary Delaware Entity SPAC Public Shareholders** 80% 100% SPAC Sponsor Shareholders 20% Iron Spark Nasdaq Listed Delaware Entity * Former Iron Spark shareholders receive Hypebeast shares. ** Excluding SPAC Public Shareholders who have exercised redemption rights before closing. POST-TRANSACTION IRON SPARK SURVIVES AS WHOLLY OWNED SUBSIDIARY OF HYPEBEAST Hypebeast Shareholders SPAC Public Shareholders** Hypebeast Dual Listed Cayman Entity 100% Iron Spark* Subsidiary Delaware Entity SPAC Sponsor Shareholders 37

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