Hypebeast SPAC Presentation Deck

Proposed Transaction Summary Estimated Sources & Uses and Pro Forma Valuation Estimated Sources & Uses (US $M) Sources ISAA Cash in Trust(1) PIPE Financing Hypebeast Equity Rollover Total Sources Uses Hypebeast Equity Rollover Cash to Balance Sheet Indicative Transaction Expenses(2) Total Uses Illustrative Pro Forma Valuation (US $M, except per share) Share Price Pro Forma Shares Outstanding Equity Value Less: Net Cash (3) Enterprise Value $166.8 13.3 300.0 $480.1 $300.0 159.1 21.0 $480.1 $10.00 53.4 $534.0 (181.3) $352.7 Illustrative Pro Forma Capitalization at Close Shareholder Hypebeast Shareholders PIPE Investors SPAC Public Shares SPAC Founder Shares(4) Total SPAC Sponsors 10.1% Public 31.2% PIPE 2.5% $534M PF Equity Value (USD) Note: Assumes no redemptions from existing Iron Spark shareholders and new shares are issued at US $10.00 per share. (1) ISAA Cash in Trust does not include interest and is net of dividend payments held in escrow. (2) Indicative Transaction Expenses include deferred underwriting fees. (3) Net Cash includes existing net cash of $22M. (4) SPAC Founder Shares also include 1.19 million SPAC Class A shares acquired by the Sponsor through private placement in connection with ISAA's IPO. Shares 30.0 1.3 16.7 5.4 53.4 HYPEBEAST 56.2% % Total 56.2% 2.5% 31.2% 10.1% 100.0% 31

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