Enovix SPAC Presentation Deck

3 Disclaimer (Cont'd) Use of Projections This Presentation contains projected financial information with respect to Enovix. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The projected financial information in this Presentation only speaks of today's date. Enovix assumes no obligation to update such financial projections and will not be providing multi-year projections in the future. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties. See "Forward-Looking Statements" above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. Financial Information; Non-GAAP Financial Measures The financial information and data contained this Presentation is unaudited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in, or may be presented differently in, any proxy statement/prospectus or registration statement or other report or document to be filed or furnished by Enovix with the Securities and Exchange Commission (the "SEC"). Some of the financial information and data contained in this Presentation has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Enovix believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Enovix's financial condition and results of operations. Enovix's management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. A reconciliation for Enovix's 2021E through 2025E non-GAAP financial measures to the most directly comparable GAAP financial measures is not included, because, without unreasonable effort, Enovix is unable to predict with reasonable certainty the amount or timing of non-GAAP adjustments that are used to calculate these Non-GAAP financial measures. Enovix believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends Enovix's business. Other similar companies may present different non-GAAP measures or calculate similar non-GAAP measures differently. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by to be presented in Enovix's GAAP financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses are excluded in determining these non-GAAP financial measures. You should review Enovix's audited financial statements prepared in accordance with GAAP, which are included in a combined registration statement and proxy statement which was filed with the SEC on June 24, 2021.

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