zSpace SPAC

2021 - 2024E Financial Projection Metrics - Base Case Revenues ($mm) 100 80 60 40 20 0 26.7(a) 2021 Gross Margin ($mm) $35.0 $30.0 $25.0 $20.0 $15.0 $10.0 $5.0 $- zSpace X $11.1 2021 edtechx holdings CAGR 47% 37.4 (b) 2022e CAGR 44% $17.9 (d) 56.1 2023e $24.7 84.2 2024e $33.0 2022e 2023e Note: Base Case forward looking estimates are subject to change and only provided here as guidance. Actual figures may be materially different. (a) Excluded $11m Backlog 12/31/2021. 2024e (b) (c) Annual Recurring Revenues (ARR) ($mm) 40.0 30.0 20.0 10.0 ($mm) 6.0 4.0 2.0 8.0 Operating Profits (2.0) (4.0) (6.0) (8.0) 2021 2021 (6.0) Assumes the completion of 2 software acquisitions that are expected to contribute (d) approximately $2m of estimated pro forma revenues Assumes the completion of 2 software acquisitions that are expected to contribute (e) approximately $2m of estimated pro forma revenues CAGR 62% 13.7(c) 2022e 2022e (5.6) (e) 20.2 2023e 0.5 2023e 34.1 2024e 4.8 2024e Assumes the completion of 2 software acquisitions that are expected to contribute approximately $2m of estimated pro forma revenues Adjusted for non-recurring items 30

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