TradeStation SPAC Presentation Deck

Core Brokerage Business Positioned to Scale High Performing and Scalable Self-Clearing Model ■Self-Clearing of Stocks, Options and Futures Award-Winning Trading and Analysis Tools Robust Middle and Back Office Brokerage Technology Platform that Provides Operating Leverage Track Record of Sustaining Heavy Volume Without Material Disruption Planned Initiatives to Further Accelerate Growth: Further Simplify User Experience Al-Based Insights & Education Peer-to-Peer Community Fractional Shares ($ in millions) $450 Debit Cards $400 $350 $300 $250 $200 $150 $100 $50 $- Gross Brokerage Revenue (¹) Expansion ...Driven Primarily by Equities and Options FYE 2019 FYE 2020 CAGR: 19% Actual FYE 2021 $ Note: This page contains forward-looking statements that reflect 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) Gross Brokerage Revenue includes (a) commissions and fees received in respect of equities, futures and options customer accounts and transactions, which includes amounts charged to, and collected from, customers that are payable to third parties (such as futures exchange fees), as well as payment for order flow (PFOF) received for customer trades, and (b) interest income derived from customer equities and futures accounts and securities lending. Management expects PFOF to represent an estimated 30% of Gross Brokerage Revenue and 27% of Total Revenues for FYE 3/31/22, 35% of Gross Brokerage Revenue and 29% of Total Revenues for FYE 3/31/23 and 37% of Gross Brokerage Revenue and 28% of Total Revenues for FYE 3/31/24. Additionally, for reference PFOF represented 25% of Gross Brokerage Revenue and 23% of Total Revenues for FYE 3/31/21. 24 B FYE 2022E Futures Options Equities FYE 2023E FYE 2024E Projected Futures Options Equities

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