Topps SPAC Presentation Deck

Transaction Summary > 2 3 4 5 Topps Checks All the Boxes MUDS II was Searching for in a Target Privately held company that will trade very well as a publicly traded company Portfolio of iconic brands with a competitive moat and high barriers to entry Strong industry tailwinds driven by growing enthusiasm around sports and entertainment collectibles Experienced and proven management team with long-term committed shareholder with history of success Attractive growth profile enhanced by significant investments in digital and e-commerce capabilities Robust margins with strong and consistent free cash flow generation Compelling valuation relative to collectibles, sports and entertainment and confections peers Affiliates of Mudrick Capital have committed up to $100MM of the $250MM PIPE topps

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