HUB Security SPAC Presentation Deck

2023E Revenue Growth Valuation Overview High Growth Cybersecurity - Regression Analysis 60% 50% 40% 30% 20% 10% 0% 4.0 X HUB 2023E Revenue Multiple: 7.3x HUB Implied 2023E Revenue Multiple: 38.5x RAPID 7.5 x VARONIS 6.0 x paloalto 7.4 x 7.0 x FORTINET 8.5 x CYBERARK -7.6 X okta 9.6 x 10.0 x CROWDSTRIKE 14.5 x 13.0 x 2023E Revenue Multiple Source: CapIQ and FactSet (market data as of March 15, 2022) Note: SentinelOne excluded from regression analysis due to outlier revenue growth 16.0 x zscaler 16.9 x 19.0 x H HUB ******** CLOUDFLARE 21.9 x R2 = 0.60251 22.0 x Page 20

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