Benson Hill SPAC Presentation Deck

BENSON HILL Risk Factors Investing in this transaction involves a high degree of risk. Below is a summary of certain risk factors that make an investment in this transaction speculative or risk. This summary is not comprehensive. Additional discussion of the risks and uncertainties summarized in this risk factor summary, and other risks and uncertainties related to Benson Hill and this transaction, will be included under the heading "Risk Factors" contained in the proxy statement/prospectus related to this transaction. • Benson Hill has a limited operating history. • Benson Hill has a history of net losses and may not achieve or maintain profitability. • Benson Hill's financial projections rely in part on assumptions about market size and customer demand. Benson Hill's financial projections are also subject to other significant risks, assumptions, estimates, and uncertainties, and may differ materially from actual results. • The successful commercialization of Benson Hill's products depends on its ability to produce high- quality products cost-effectively on large scale and to accurately forecast demand for such products. ● Implementation and expansion of Benson Hill manufacturing capability involves significant risk and uncertainty, which may have an adverse effect on Benson Hill's results of operations and financial condition. • Adverse weather conditions, natural disasters, crop disease, pests and other natural conditions can impose significant costs and losses on Benson Hill's business. • Benson Hill may be unable to effectively manage future growth. • Benson Hill's revenue growth rate may slow over time and may not be indicative of future performance. • Benson Hill's business relies on intellectual property and other proprietary information, and Benson Hill's failure to secure and protect its right could harm its competitive advantages with respect to the commercialization of its products, which may have an adverse effect on Benson Hill's results of operations and financial condition. • Benson Hill relies upon information technology systems and any inadequacy, failure, interruption, or security breaches of those systems may harm our ability to effectively operate our business. • Benson Hill depends on key management personnel and attracting, training and retaining other qualified personnel. • Benson Hill management has limited experience operating a public company. • Benson Hill will incur increased costs as a result of operating as a public company and its management will devote substantial time to new compliance initiatives. ● • If field trials or other testing and evaluation of product candidates are unsuccessful, Benson Hill may be unable to complete the development of product candidates on a timely basis or at all. • The successful commercialization of Benson Hill's products may face challenges from public perceptions of gene-edited products and ethical, legal, environmental, health and social concerns. Adulterated, misbranded or mislabeled products may result in recalls and product liability claims. Benson Hill's operations and products are regulated in the areas of food safety and protection of human health and the environment. ● ● Benson Hill faces significant competition, and to compete effectively, must introduce additional products that achieve market acceptance. ● ● Benson Hill may need to raise additional funding to achieve its goals and failure to obtain such capital when needed on acceptable terms, or at all, may force it to delay, limit, reduce or terminate product development efforts or other operations. If the benefits of the business combination between Benson Hill and Star Peak II do not meet the expectations of investors or securities analysts, the market price of the combined entity's securities may decline. • Benson Hill may pursue acquisitions, but may not be successful in consummating or integrating such acquisitions. LO 5

View entire presentation