Fast Radius SPAC Presentation Deck slide image

Fast Radius SPAC Presentation Deck

Risk Factors Risks Related to the Transaction Each of ENNV and Fast Radius will incur significant transaction costs in connection with the Transaction. The consummation of the Transaction is subject to a number of conditions and if those conditions are not satisfied or waived, the merger agreement may be terminated in accordance with its terms and the Transaction may not be completed. . . . ● ● ● The ability to successfully effect the Transaction and the combined company's ability to successfully operate the business thereafter will be largely dependent upon the efforts of certain key personnel of Fast Radius. The loss of such key personnel could negatively impact the operations and financial results of the combined business. There is no assurance that a stockholder's decision whether to redeem its shares for a pro rata portion of ENNV's trust account will put the stockholder in a better future economic position. If the Transaction's benefits do not meet the expectations of investors or securities analysts, the market price of ENNV's securities or, following the consummation of the Transaction, the combined company's securities, may decline. A market for the combined company's securities may not develop, which would adversely affect the liquidity and price of such securities. There can be no assurance that the combined company's securities will be approved for listing on the Nasdaq Capital Market ("Nasdaq") or that the combined company will be able to comply with the continued listing standards of Nasdaq. Directors of ENNV have potential conflicts of interest in recommending that ENNV's stockholders vote in favor of the adoption of the Transaction. ENNV may redeem unexpired warrants prior to their exercise at a time that is disadvantageous to the holders of ENNV warrants, thereby making such warrants worthless. Further, even if the Transaction is completed, there can be no assurance that ENNV's warrants will be in the money during their exercise period, and they may expire worthless. If ENNV seeks stockholder approval of the Transaction, its sponsor, directors, officers, advisors and their affiliates may elect to purchase shares or warrants from public stockholders, which may influence a vote on the Transaction and reduce the public "float" of ENNV's Class A common stock or warrants. If ENNV seeks stockholder approval of the Transaction, its sponsor, officers and directors have agreed to vote in favor of such Transaction, regardless of how its public stockholders vote. The ability of ENNV's public stockholders to exercise redemption rights with respect to a large number of its shares could increase the probability that the Transaction would be unsuccessful. ENNV is not required to obtain an opinion from an independent investment banking firm or from an independent accounting firm, and consequently, its stockholders may have no assurance from an independent source that the price it is paying for the business is fair to ENNV from a financial point of view. Legal proceedings in connection with the Transaction, the outcomes of which are uncertain, could delay or prevent the completion of the Transaction. The Transaction or combined company may be materially adversely affected by the recent COVID-19 outbreak. Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect ENNV's and the combined company's business, including ENNV's and the combined company's ability to consummate the Transaction, and results of operations. FR FAST RADIUS. © 2021 Fast Radius, Inc. All rights reserved. Confidential - Not for Distribution 80
View entire presentation