Benson Hill SPAC Presentation Deck

BENSON HILL Risk Factors Investing in the business combination involves a high degree of risk. Below is a summary of certain risk factors that make an investment in the proxy solicitation/consent solicitation statement/proxy statement 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 the business combination, are included under the heading "Risk Factors" contained in the proxy statement/consent solicitation statement/prospectus related to the business combination. • Benson Hill has a limited operating history, which makes it difficult to evaluate its current business and prospects and may increase the risk of investment. • Benson Hill faces significant competition and many of its competitors have substantially greater financial, technical and other resources than Benson Hill does. Benson Hill's business activities are currently conducted at a limited number of locations, which makes us susceptible to damage or business disruptions caused by natural disasters or acts of vandalism. • To compete effectively, Benson Hill must introduce new products that achieve market acceptance. Any collaboration arrangements that Benson Hill may enter in the future may not be successful, which could adversely affect Benson Hill's ability to develop and commercialize its product candidates. ● • If Benson Hill's early testing of pipeline products is unsuccessful, it 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 depends on its ability to produce high- quality products cost-effectively on a large scale and to accurately forecast demand for its products, and Benson Hill may be unable to do so. • If Benson Hill fails to manage future growth effectively, its business could be materially adversely affected. • 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. • If Benson Hill's products become adulterated, misbranded, or mislabeled, it might need to recall those items and may experience product liability claims if consumers or animals are injured. • Products that Benson Hill develops, and food containing its products, may fail to meet standards established by third-party non-GMO verification organizations, which could reduce the value of Benson Hill's products to customers. • If we are sued for defective products and if such lawsuits were determined adversely, we could be subject to substantial damages, for which insurance coverage is not available. • Benson Hill has identified a material weakness in its internal control over financial reporting. If Benson Hill is unable to remediate the material weakness, or if Benson Hill identifies additional material weaknesses in the future or otherwise fails to maintain an effective system of internal control over financial reporting, this may result in material misstatements or restatements of Benson Hill's consolidated financial statements or cause Benson Hill to fail to meet its periodic reporting obligations. ● Benson Hill depends on key management personnel and attracting, training and retaining other qualified personnel, and its business could be harmed if Benson Hill loses key management personnel or cannot attract, train and retain other qualified personnel. • Benson Hill's management has limited experience in 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. ● Benson Hill may need to raise additional funding to achieve its goals, and failure to obtain this necessary capital when needed on acceptable terms, or at all, may force us to delay, limit, reduce or terminate product development efforts or other operations. • Benson Hill relies on information technology systems and any inadequacy, failure, interruption or security breaches of those systems may harm its ability to effectively operate its business. • The estimates and assumptions on which Benson Hill's financial projections are based may prove to be inaccurate, which may cause Benson Hill's actual results to materially differ from such projections, and which may adversely affect Benson Hill's future profitability, cash flows and the market price of Benson Hill's common stock. • Future acquisitions or investments could disrupt Benson Hill's business and harm its 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. ● • 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 its ability to effectively operate its 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. LO 5

View entire presentation