Corecentric SPAC

Peer select trading and operating metrics corcentric Bill.com-¹ ***coupa FV / CY22E Revenue FV / CY22E Revenue / CY22E growth CY22E Revenue Growth CY22E Adj. Gross margin CY22E Adj. EBITDA margin corcentric 8.1x 0.3x 27% 69% 43.8x 28% 0.7x 57% 80% 17.5x 0.8x 23% 70% Xavidxchange™ 19% 9.4x 0.4x 24% 57% 2 (12%) Obilltrust® 10.5x FWD year revenue at deal announcement ³ 5.5x 0.3x 19% 71% (11%) Source: Company materials; FactSet as of 12/3/2021; Renaissance report (1) Adjusted for Divvy acquisition, CY21E revenue adjusted to include full year of revenue from Divvy; (2) AVDX went public on 10/12/2021. Their 2022E revenue is based on estimate from Renaissance research's initiating coverage. (3) FV / 2021E Revenue at deal announcement Software and FinTech Median (8%) Anaplan Avalara BLACKLINE DocuSign Paymentus flywire 15.1x 0.6x 26% 78% 7% 34

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