Plastiq SPAC Presentation Deck

Pro forma valuation ($M, except per share data) CLAA share price Pro Forma shares outstanding Total equity value Cash on balance sheet Total enterprise value Transaction multiples EV / 2022E net revenue EV / 2023E net revenue Pro forma ownership at close¹,2,3 IQ Transaction Overview Sponsors 8.75% WN CLAA Public Shareholders 41.25% Metric $75 $105 $10.00 80.0 $800 $320 $480 Existing Plastiq Shareholders 50.0% X 6.4x 4.6x 1. Assumes no public redemptions 2. Does not include any dilutive impact of warrants or post transaction incentive plans Illustrative sources ($M) Plastiq rollover equity SPAC cash in trust¹ Sponsor shares Total sources Illustrative uses ($M) Plastiq rollover equity Cash to pro forma balance sheet Sponsor shares Estimated transaction expenses Total uses 3. Sponsor will forfeit 1.25 million shares. Sponsor shall forfeit 1.25 million additional shares if cash in trust at closing is less than $75mm $400 330 70 $800 $400 320 70 10 $800 12

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