TradeStation SPAC Presentation Deck

8 ● Investment Highlights - Transaction Rationale TradeStation is a FinTech Pioneer in Online Trading for the Self-Directed Investor ● 0 Positioned to Capitalize on Large Addressable Market Opportunity TradeStation targets individual investors who are looking for better trading technology and tools to achieve their goals and for more choices of what they can trade Multi-asset online broker - stocks, ETFs, options, futures and crypto Disruptive, fast-growing crypto brokerage offering Trusted brand name and FinTech heritage Strong Operations and Public Company Ready Seasoned and sophisticated senior management team Solid in-house legal, compliance, enterprise risk management, internal audit, finance and accounting and information security departments Self clears all asset classes and directly connects to exchanges, market makers and liquidity providers Committed Owners Monex, 100% owner today, not selling any shares - rolling 100% of its equity Monex also to subscribe for $50mm of PIPE Over 80% of shares post-closing subject to lock-up, some up to 3 years(¹) Attractive Valuation Pricing compared to peer group(2) creates attractive value proposition Customer Accounts 145k+ As of 3/31/21 927k+ For FYE 3/31/24E $219 FYE 3/31/22E $~10bn Strong Revenue Performance Projected ($ in millions) Customer Assets As of 3/31/21 CAGR: 54% $349 FYE 3/31/23E $518 $~24bn For FYE 3/31/24E FYE 3/31/24E Note: This page contains forward-looking statements that reflect TradeStation's assumptions, plans, estimates and beliefs and involve numerous risks and uncertainties. Please see pages 1 - 3 for information regarding non-GAAP financial measures and forward-looking statements and the Appendix for various relevant assumptions. Actual results may differ materially from those contained in any forward-looking statements. (1) Monex lock-up: one-third of shares until earlier of 12 months and sustained $12.50 stock price; one-third until earlier of 24 months and sustained $15.00 stock price; and one-third until earlier of 36 months and sustained $17.50 stock price (lockup does not apply to any shares acquired by Monex in the PIPE). Sponsor lock-up: until earlier of 12 months and sustained $12.50 stock price. Sustained stock price means specified price (or higher) is last reported sale price for 20 out of any 30 consecutive trading days. Lock-ups subject to customary permitted transferee exceptions. (2) Peers selected include Apex Clearing, Charles Schwab, Coinbase, eToro, Interactive Brokers, MoneyLion, Robinhood, SoFi and XP, Inc. See page 33 for peer group analysis. B

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