Innovid SPAC Presentation Deck

TRANSACTION OVERVIEW Sources ($M) SPAC Cash in Trust¹ PIPE Investment² Innovid Equity Rollover Total Sources Anticipated Sources and Uses Uses ($M) Cash to Selling Shareholders Cash to Balance Sheet Innovid Equity Rollover Fees and Expenses Total Uses 1. 2. 3. 44 4. $253 150 844 $1,247 $163 200 844 40 $1,247 20% 12% 68% 100% Note: All values in millions except for share price. Assumes no redemptions from SPAC investors. Excludes impact of 7.06m sponsor warrants and 3.16m public warrants SPAC cash amount subject to change depending on interest earned Includes $50.0m Forward Purchase Agreement from SPAC sponsors 13% 16% 68% 3% 100% Includes 84.42m Innovid rollover shares, 15.00 PIPE shares, 6.33 sponsor shares and 25.30 SPAC shares PF net cash calculated as pre-transaction net cash of $10m plus cash proceeds from transaction of $200m Anticipated Pro Forma Valuation and Ownership Split Pro Forma Valuation ($M) PF Shares Outstanding³ Share Price PF Equity Value (+) PF Net Debt / (Cash)4 PF Enterprise Value PF EV / 2022E Revenue 2022E Revenue SPAC Investors 19.3% SPAC Sponsors 4.8% PIPE 11.4% 131.0 $10.00 $1,310 (210) $1,100 8.5x $130 Existing Shareholders 64.4% INNOVD

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