PRIVATE & CONFIDENTIAL

Discussion Materials and Market Overview

June 2021 1. SPAC Market Overview

2. SPAC Mechanics & Key Considerations

3. About Canaccord Genuity (CG)

4. Recent CG SPAC Qualifications

Driven by your success. Driven by your success. Key Highlights Proceeds Announced Year # IPO Searching Liquidated (B) / Closed • 745 SPACs have listed on U.S. exchanges since 2016 2016 13 $3.5 11 0 2 − Total IPOs proceeds for the period are $226 billion 2017 34 $10.0 31 0 3 • 320 of the SPACs have announced or closed on subsequent acquisitions – “Qualified Transaction” (QT) 2018 46 $10.8 45 0 1 2019 59 $13.5 54 4 1 • 414 SPACs that have priced since the beginning of 2020 remain in the market for an acquisition 2020 248 $82.6 147 101 0

• Additional 277 on file for IPO in 2021 2021 345 $106.4 32 313 0

Number of U.S.SPAC IPOs Gross SPAC IPO Proceeds ($USD in billions) 120 109 $40.0 $35.6$35.5 98 $35.0 100 91 $30.0 80 $25.7 $25.0

60 $20.0 $17.7 50 47 $13.1 38 $15.0 $11.8 40 32 $11.0$10.2 26 $10.0 19 $6.9 18 15 20 13 $3.9 $5.0 $2.7 $3.0 $2.7

0 $0.0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June

Source: Dealogic and SPAC Insider as of 6/22/21. Page 4 All US-listed SPACs since 2016. Driven by your success. Market Commentary 2021 SPAC Highlights

Jan Feb Mar Apr May June TOTAL • IPO market has stalled since March – 47 combined IPOs April

– June , $9.6B in proceeds (March – 109 IPOs, $35.5B) 2021 Priced IPOs

• Slowdown due to thinning returns, SEC scrutiny, investor # IPOs 91 98 109 13 19 15 345

receptivity to PIPE’s on QT’s, and volatile market conditions IPO Proceeds ($B) 25.7 35.6 35.5 3.0 3.9 2.7 106.4 • The drop-off in activity immediately followed a stretch of Announced QT 14 13 5 0 0 0 32 negative 1-day returns on IPOs • IPO pricings and acquisition announcements continue to lack 2021 Announced QTs

positive stock reactions # QTs 17 43 33 19 23 19 154

• 414 SPACs remain actively searching for QTs – 313 are IPOs QT Ent. Value ($B) 35.8 116.2 79.8 58.3 46.4 3.8 340.2

that priced in 2021 PIPE Value ($B) 21.0 14.7 9.6 7.0 4.8 3.0 60.1 • Backlog of IPOs continues to grow – 277 on file that have yet to price

40.0 120 35.0 35.6 35.5 100 30.0 80

25.0 IPOs # 25.7 20.0 60 15.0 17.7 40

IPO Proceeds ($B) IPOProceeds 10.0 11.8 13.1 11.0 10.2 20 5.0 0.7 2.3 1.0 2.2 3.2 2.7 6.9 3.0 3.9 2.7 0.0 0 Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June

IPO Proceeds IPOs

Source: Dealogic & SPAC Insider as of 6/22/21. Page 5 Driven by your success. IPO Volume Average SPAC IPO Size

($USD $200.0 in billions) 400 ($USD in millions) $178.2

$180.0 $167.9 350 $400.0

$160.0 $333.1 300 $350.0 $307.0 $140.0 $293.7 $300.0 208 182 250 $120.0 $234.1 $228.8 $250.0 $271.6 $100.0 200 $194.4 $200.0

$80.0 $60.8 $62.5 150 $150.0 $60.0 $49.4

$36.2 347 100 $100.0 $40.0 $24.3 248 155 186 152 50

$20.0 154 $50.0 98 46 59 $- 20 13 34 0 $0.0 2015 2016 2017 2018 2019 2020 2021 2015 2016 2017 2018 2019 2020 2021

SPAC IPO Vol ($B) (ALL) non-SPAC IPO Vol ($B)

Warrant Coverage Evolution ⚫ 2% SPACs have accounted for 60% of all IPO 11% 5% 3% 19% 5% volume in 2021, compared with 49% in 2020 27% 35% 45% 18% 28% 13% ⚫ 38% The average SPAC IPO size has increased 12% more than 33% from 2019 36% 18% 35% 51% ⚫ Average SPAC has 16.5 months left to 66% 47% complete an acquisition 18% 20% 49% 26% ⚫ Over time, SPACs have trended towards 18% 16% 19% 6% smaller fractional warrant coverage 2015 2016 2017 2018 2019 2020 2021 <=1/3 1/2 3/4 1 1 for 1/2

Source: Dealogic , SPAC Insider and CapIQ as of 6/22/21 Page 6 Driven by your success. IPO Proceeds ($M) % Held in Trust Key Highlights

⚫ 547 SPAC IPOs in the last twelve 7% 9% 4% months with a substantial pick-up 6% in 1Q21, followed by tempered 18% activity in April, May and June (Q2) $250M 26% 10% above 100% ⚫ Most deals ranged from $100 -$300 Median million, with a median of $250 million in cash proceeds 40% 90% ⚫ Most common warrant coverage was 1/2 or 1/3 (included on 60% of $0 - $100 $100 - $200 $200 - $300 100.0% 100.5% 101.5%+ IPOs) $300 - $500 $500+

Qualifying Transaction (QT) Period Warrant Coverage Sector Focus

Warrant Coverage No. of SPACs Sector No. of SPACs

6% 1/5+ 83 Technology 199 10% 1/4 71 General / Broad 75 1/3 171 24 Months Life Sciences 80 Median 1/2 150 Sustainability 53 3/4 4 Consumer 42 85% 1/1 16 Geographic Focus 21 +1/1 11

6 - 12 months 12 - 18 months None 41 Other 77 18 - 24 months

Source: Dealogic & SPAC Insider from 6/1/20-5/30/21 Page 7 Driven by your success. SPAC Status by Year of IPO SPAC Success Rate (% of transactions) (% of transactions) 100% 2% 2% 5.1% 9% 5% 90% 15% 15% 18%

80%

70% 49% 68% 60% 40%

50% 85% 93% 40% 85% 85%

30% 40% 45% 94.9% 20% 24% 10% 6% 4% 7% 2% 0% 2015 2016 2017 2018 2019 2020 2021 Completed Liquidated # SPACs 20 13 34 46 59 252 635 Filed for IPO Searching Announced Completed Liquidated SPAC Maturity (% of transactions)

88% 88% 88% 81% 82% ⚫ Since 2015, SPACs have had a 95% success rate at 78% 76% 74% completing a transaction 58% 56% ⚫ Even with a high success rate, 21% of SPACs had to file for a shareholder extension in order to complete an 31% 30% 21% acquisition 15% 14% 11%

⚫ On average, a SPAC takes 74% of the allotted time to complete an acquisition 2015 2016 2017 2018 2019 2020 2021 Total

% SPAC Maturity % Shareholder Extension

Source: SPAC Insider as of 6/22/21 Includes data from 2015-June 21, 2021 Page 8 Driven by your success. ⚫ With explosivity in the SPAC IPO market over the past two years, the volume of announced and completed SPAC acquisitions has followed suit ⚫ Growing number of SPACs seeking targets has not only driven up the number of transactions, but also boosted the average transaction size ⚫ Similar to the non-SPAC M&A market, the Technology sector has been a prime target for SPAC acquisitions and has accounted for over 44% of acquisitions – followed by Industrials at over 20% Announced SPAC Acquisitions Average Completed SPAC Acquisition Size ($USD in billions) (Average, $USD in billions) $373.7 $3.0 $2.7 $2.5 $1.8 $216.6 $2.0 $1.5 $1.1 $0.9 $1.0 $0.7 $0.7 $0.4 $30.0 $0.5 $9.5 $17.5 $21.5 149 $2.7 97 8 13 15 26 34 $- 2015 2016 2017 2018 2019 2020 2021 2015 2016 2017 2018 2019 2020 2021 SPAC Acquisitions by Sector % Shareholder Redemptions (% of deals)

6.5% 49% 3.6% 6.0%

11.2% 44.1%

7.2% 23%

21.3% 12% 9% 7% Technology Industrials Financial Institutions Healthcare Energy & Natural Resources Consumer & Retail Other 0%-20% 20%-40% 40%-60% 60%-80% 80%-100%

Source: Dealogic & SPAC Insider as of 6/22/21 *Includes deals that have been announced and closed since 2015 Page 9 Driven by your success. ** Other includes Business Services, Communications, Real Estate and Transportation Announce Announced Completion Announce Announced Completion Target Date EV ($B) Date SPAC Target Date EV ($B) Date SPAC

Altimeter 4/13/2021 $34.7 Pending 9/22/2020 $18.3 1/21/2021 Gores Holdings IV Inc Growth Corp

Churchill VectoIQ 2/22/2021 $17.6 Pending 3/3/2020 $13.9 6/3/2020 Capital Corp IV Acquisition Corp

Soaring Eagle Altimar 5/11/2021 $15.0 Pending 12/23/2020 $13.3 5/20/2021 Acquisition Corp Acquisition Corp Social Capital 1/7/2021 $12.9 5/28/2021 Hedosophia Holdings 11/18/2020 $11.5 3/25/2021 CIIG Merger Corp Corp V Churchill Thoma Bravo 7/13/2020 $9.3 10/8/2020 3/21/2021 $10.0 Pending Capital Corp III Advantage Kensington Capital FinTech 9/3/2020 $8.7 11/27/2020 3/16/2021 $9.8 Pending Acquisition Corp

Acquisition Corp V 2020

2021 Switchback Energy Gores 9/24/2020 $7.6 2/26/2021 2/23/2021 $8.9 Pending Acquisition Corp Holdings V Inc Foley Trasimene Yunhong 12/7/2020 $7.3 3/30/2021 5/17/2021 $7.4 Pending Acquisition Corp II International Social Capital 3/29/2021 $7.0 Pending Ajax I 9/15/2020 $6.0 12/18/2020 Hedosophia Holdings Corp II Social Capital Aurora Acquisition 5/11/2021 $6.9 Pending 10/6/2020 $5.3 1/7/2021 Hedosophia Holdings Corp Corp III Dragoneer Growth Flying Eagle 2/3/2021 $6.7 Pending 9/2/2020 $5.3 12/16/2020 Opportunities Corp Acquisition Corp

BowX Conyers Park II 3/26/2021 $6.6 Pending 9/8/2020 $5.0 10/28/2020 Acquisition Corp Acquisition Corp

Source: Dealogic as of 6/22/21 Page 10 Driven by your success. $60

$50.16 $50

$41.50 $40.97 $39.42 $40 $37.25

$32.74 $32.22 $28.68 $30 $40 $27.36 $26.87 $26.21 $24.66 $32 $23.93 $23.29 $23.27 $31 $29 $22.54 $27 $23 $22 $20 $19 $17 $17 $16 $15 $14 $13 $13 $13

$10

$10 $10 $10 $10 $10 $10 $10 $10 $10 $10 $10 $10 $10 $10 $10 $10

$- DKNG BWMX LPRO SPCE PLBY CHPT MP AHCO QS VRT CLVT RPAY PACK PCT UTZ DNMR

Target

Diamond Eagle DD3 Nebula Social Capital Mountain Switchback Fortress Value DFB Kensington GS Acquisition Churchill Thunder Roth CH Live Oak One Madison Collier Creek SPAC Acquisition Acquisition Acquisition Hedosophia Crest Energy Acquisition Healthcare Capital Holdings Capital Bridge Acquisition I Acquisition Corporation Holdings Corporation Corporation Corporation* Holdings Acquisition Acquisition Corporation Acquisition Acquisition Corporation Corporation Acquisition, Company Corporation Pro Forma $2,700 $366 $1,080 $1,500 $413 $2,401 $1,044 $1,041 $3,300 $5,318 $4,249 $663 $1,003 $826 $1,561 $525 EV($mm) Close Date 4/23/2020 3/13/2020 6/10/2020 10/25/2019 2/10/2021 2/26/2021 11/13/2020 11/8/2019 11/25/2020 2/6/2020 5/13/2019 7/11/2019 5/20/2019 3/16/2021 8/28/2020 12/29/2020

*The stock prices shown are as of 5/22/21and should not be relied upon as current thereafter. **Source: S&P Capital IQ and Dealogic Page 11 Driven by your success. **Does not include warrant value Driven by your success. • A SPAC is a publicly-listed acquisition vehicle whereby a sponsor team raises a blind pool of cash to pursue and complete a business combination with a private operating company

– Usually sponsored by industry experts in partnership with capital markets expertise

– SPACs typically have 18 to 24 months to complete a transaction

• Investors purchase a $10.00 unit that includes a common share and fractional warrant. SPAC shares can be sold at any time once the IPO has priced.

• 100% of the capital is put into a trust and the vehicle is publicly traded. Upon a business combination, SPAC investors have the option to invest in the new operating company or redeem their common shares for their pro-rata share of cash in trust.

• SPACs have been successfully utilized for operating companies to IPO, pursue roll-up strategies, de-lever balance sheets, relist existing securities, and raise necessary growth capital

• Majority of SPACs have at least $100 million in trust with some exceeding $1 billion

– SPACs typically acquire minority stakes in businesses, often 20 – 30% of total enterprise value

Private operating Publicly listed Publicly listed successor with company with acquisition vehicle shared ownership from new and attractive growth and with cash in trust existing shareholders financial profile

Page 13 Driven by your success. Benefits of SPAC Benefits Going Public ⚫ Transaction often priced at premium valuation Premium ⚫ Negotiated during LOI stage, confirmed through diligence Valuation ⚫ Known and publicly announced at time of executing definitive agreement for QT ✓ Access to capital ⚫ SPACs have become increasingly mainstream and Premier institutionalized Incentive for Sponsorship ⚫ Recent SPACs have been raised by premier sponsors and ✓ employees/management supported by premier institutional investors

⚫ Capital pre-funded, substantial diligence and support confirmed prior to QT announcement Platform for acquisitions Relative ✓ Certainty of ⚫ Any additional funds raised are marketed as private placement Funds prior to QT announcement ⚫ Redemption risk should be manageable Transparent governance ✓ ⚫ Four-week upfront diligence, valuation and documentation Expedient before public announcement and Efficient Process ⚫ Three-month SEC review period and marketing prior to close; Access for investment to broad prospectus can leverage SPAC’s S-1 ✓ public (not just VC investors) Relatively ⚫ Plain vanilla common shares Simple ⚫ Flexibility around raising additional funds and assuming / raising Structure debt capital

Page 14 Driven by your success. Pick the Right SPAC Sponsor: Although the structure of SPACs are all relatively similar, it is important to select a SPAC that is backed by investors focused on your space and are aligned with your long-term business goals and vision

The PIPE: Concurrent PIPE is an important part of the overall SPAC transaction. Availability of SPAC funds held in trust is not always certain, so the PIPE provides protection against undercapitalization

Projections Will be Public: Unlike with IPOs, the target company in a SPAC transaction will often provide its financial projections directly to potential investors, which will then become publicly available once the transaction is announced

Valuation Certainty and Market Risk: In a SPAC, the target’s value is negotiated prior to announcement, and will generally stay at the set amount until the transaction is completed

Public Readiness: Companies that go public via a SPAC are still subject to many of the same regulatory requirements as an IPO, including internal controls and procedures, PCAOB audited financials, and public listing and governance requirements, among others

SEC Review: Although the SPAC process is faster than an IPO, companies are still subject to the same SEC scrutiny and should still be prepared for a thorough review cycle

Lock-up Agreements: A thoughtful approach must be taken when negotiating lock-up agreements to ensure interests are aligned between SPAC sponsors, PIPE investors, and target company holders

Shareholder Support: Following announcement of the transaction, both SPAC and target company shareholders must vote in favor of the transactions, and the offer of redemption must be provided to SPAC shareholders

Source: “10 Key Considerations for Going Public with a SPAC”, Cooley LLC Page 15 Driven by your success. • IPO marketed to institutional investors – • Once a target is identified and diligence • Between announcement and closing, the SPAC IPOs have a particular niche of complete, a SPAC will negotiate and SPAC will educate the market on the buyers focused on the SPAC arbitrage prepare to sign a definitive agreement combination, attempting to minimize redemptions • Buyers receive one unit @ $10.00; unit • In the meantime, the SPAC can look to includes one share of common stock + a raise additional funds via a PIPE • Once the SPAC obtains to necessary warrant (1/2, 1/3, full) shareholder approvals, it will proceed to • The PIPE provides additional closing • Units begin trading upon pricing/ S-1 capitalization, as well as signaling a declared effective and close T+2 positive reception from institutional • Post-closing, the SPAC entity begins investors trading under its new name and ticker • The capital raised is put into a third-party reflecting the De-SPAC’d business trust to ensure the SPAC has funds • The acquisition and concurrent PIPE are needed to acquire an attractive business announced once the DA and investor subscription agreements are signed • Shareholders have the right to “redeem” their shares at various points, which • Closing typically takes three to four would decrease cash available months

• Units separate into individually traded common shares and warrants after 45 QT Closing / days Announce De-SPAC Qualifying SPAC IPO Transaction

Page 16 Driven by your success. PREP & SUBMISSION of S-1 SEC REVIEW ROADSHOW PRICING / TRADING

Weeks 1 -3 Weeks 4 - 7 Weeks 8 - 11 Weeks 12 - 13

● Entity formation ● Draft exhibits to S-1 ● 1st round comments from SEC ● Receive SEC, FINRA and ● Prepare initial draft S-1 ● Prepare roadshow presentation ● Finalize selection of directors exchange approvals ● Select officers and directors ● Determine timing of test-the- and committees ● Obtain auditor comfort letter and legal opinions from counsel ● Select auditor, bookkeeper water (TTW) meetings ● File S-1 amendment if ready advisor, and counsel ● Engage and coordinate with (triggers 15-day waiting period) ● Execute underwriting agreement ● Due diligence and background transfer agent ● TTW meetings checks ● Exchange correspondence ● Prepare for roadshow, ● Pricing of IPO ● Corporate housekeeping ● Fund escrow for sponsor risk effectiveness and listing ● Section 16 filings nd ● Generate initial audit report capital ● 2 round comments from SEC ● Issue press release ● Confidential filing of S-1 with ● Launch roadshow ● Closing of IPO & SEC Announcement ● Submit exchange listing and ● File Form 8-K’s with the SEC FINRA applications

Page 17 Driven by your success. • While the time required for due diligence, financing and documentation can vary, once a deal is announced, the proxy filed with the SEC determines the time to close, which typically takes 3 months – Upon signing a definitive agreement, the qualifying transaction is announced, and a preliminary prospectus is filed shortly thereafter – Support for the transaction will be solicited prior to the redemption deadline

T = Qualifying Transaction Announcement Week Number: T-5 T-4 T-3 T-2 T-1 T T+1 T+2 T+3 T+4-8 T+9-10 T+11-12

Pre-Definitive Timeline

Negotiate LOI / Due Diligence

Market Private Placement

Finalize and Sign Definitive Agreement

QT Announcement

Announce Qualifying Transaction

Draft and File Non-Offering Preliminary Prospectus

Market to Existing Investors to Solicit Support for QT

SEC Review & Comments

Shareholder Meeting

Shareholder Vote & Redemption Deadline

Closing of QT and Private Placement

Page 18 Driven by your success. A PIPE can be completed over a 3-4week window. The PIPE Overview of a SPAC PIPE provides the SPAC and its target with additional funds to increase deal certainty AND an opportunity to market the • All SPAC business combinations carry deal risk given the new story to fundamental buyers in the target acquisition’s potential for shareholder redemptions ahead of the de- sector. SPAC • SPACs need to ensure sufficient capital to acquire the PIPE TIMELINE identified target and satisfy minimum cash requirements set forth in many merger agreements ⚫ Finalize deal documents/ materials (Presentation, NDA, data room, etc.) • A successful PIPE lessens the risk of the SPAC falling short Week 1 ⚫ Prepare a list of investor targets of necessary capital needed to close the transaction ⚫ Begin outreach • Just as important, the institutional funds targeted in the PIPE are fundamental investors, and their participation ⚫ Hold 1x1 investor meetings signals a positive reaction to the qualifying transaction ⚫ Follow-up includes getting investors under NDA, Week 2 data room, etc. • While the up-front IPO is driven by traditional SPAC players, ⚫ Begin to socialize deal size, structure, timing the PIPE targets mutual funds or long-term investors with a focus on the target company’s space ⚫ Identify potential lead investors ⚫ Negotiate terms and draft into a subscription • During the PIPE’s marketing, information shared is limited to Week 3 agreement what will be disclosed on announcement ⚫ Follow-up w/ other investors to fill out demand • Investors may decide to take an introductory meeting ⚫ Provide investors with final subscription agreement before going under NDA – once under NDA, the investor to complete & return would have access to a data room containing details on the Week 4 ⚫ Once business combination is ready to be announced, provide investors funding instructions merger, projections, etc. to close

Page 19 Driven by your success. • On April 12, 2021, the SEC issued a new Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (SPACs)

• U.S. Generally Accepted Accounting Principles (GAAP) include guidance that entities must consider in determining whether warrants that settle in an entity’s own stock should be classified as equity of the entity or as an asset or liability

• While SPACs have typically classified warrants on their balance sheets as equity, under certain circumstances, the SEC has highlighted that GAAP would require certain warrants to be classified as a liability and measured at fair value every quarter, with changes in fair value reported in earnings

• SPACs that have misclassified their warrants as equity may be required to restate their financial results if the impact is deemed material

If determined with your auditor that Talk to auditor to determine if the the warrants were misclassified as current accounting treatment of equity, obtain an independent warrants issued in connection with On a prospective basis every valuation for the IPO date and QT Closing / SPACs formation and initial quarter, estimate the fair value of subsequent quarter ends; then, registered offering is appropriate in Announce theDe warrant-SPAC liability discuss with auditor appropriate light of the new SEC Staff Qualifying changes to previously issued Statement SPAC IPO financialTransaction statements

Source: SEC, Duff & Phelps www.sec.gov/news/public-statement/accounting-reporting-warrants-issued-spacs Page 20 Driven by your success. Allowed time to complete a QT is contracting (change from 24 months to 12 to 18 months) along with reduced warrant coverage (some below 30% or none) and over-funding of trust (10% to 20% premium) with increased risk capital from sponsors

In addition to accounting for warrants and required disclosures, expect certain announcements on the use of projections and related “safe harbors,” which may require disclosure of more detailed assumptions on any forecasts presented

There has been an uptick in QT activity with participation from notable PIPE investors; some QT’s being completed with no PIPE, though there remains selectivity and scrutiny of QT’s; the time to complete a PIPE to announce a QT is longer (often months, or at least some weeks versus days)

Though shareholders are approving QT’s, many SPAC shareholders are electing to redeem, support a deal, and retain the warrants; with so many IPO’s trading below NAV, redemption risk upon closing of QT has increased which impacts the capital infusion to the target

Though the pace of QT announcements has accelerated of late, not many announced deals are experiencing dramatic share price appreciation

Page 21 Driven by your success. Recent Qualifications & Credentials

Driven by your success. Overview Global presence • Operations in Canada, the US, the UK & Europe, the Middle East and Asia Pacific and capabilities to list companies on 10 stock

exchanges worldwide Montreal Calgary Dublin London • Toronto Comprehensive coverage of the major growth equity buyers – Vancouver Boston Paris Beijing Nashville New York regardless of geography Washington, DC • San Francisco Global wealth management businesses entrusted with C$85.2 billion in Dubai Hong Kong client assets1 Singapore • Committed to further development in key markets and sectors successfully acquired and integrated six companies in the last ten years Perth • Strong balance sheet with C$584 million working capital1 Sydney Melbourne

Smaller locations not shown

Investment Banking Equity Research Sales and Trading Global Wealth Management • 236 investment bankers • 124 research professionals • Equities and Fixed Income • C$85.2 in client assets1 globally • Broad industry coverage across • 155 sales and trading • Over 450 investment advisors • Fiscal 2021 9M YTD: Led and core sectors professionals and professionals globally1 participated in 475 transactions • ~900 companies covered • 6 fixed income professionals • Wealth management offices globally, raising over C$54.6 • Quest® – proprietary online • Active relationships with 2,260+ across Canada, UK, Guernsey, billion for clients2 valuation and analysis tool with institutions globally Isle of Man, Jersey and Australia 95% global coverage • Market making • On and offshore client services • ~2,500 companies • 10 exchanges

1. At September 30, 2020 2. At September 30, 2020. Equity offerings >$1.5 million Page 23 Driven by your success. *All dollar amounts in Canadian dollars unless otherwise indicated US ECM CDN ECM UK ECM Global Leadership Team

Jen Pardi Ron Sedran Daniel Daviau Jeff Barlow Pat Burke Sam Lucas Global Head of Head of Canadian President & CEO President, President, Head of European ECM ECM Canaccord US Canaccord Canada ECM

Brian O’Connor Len Sauer Marcus Freeman Nick Russell Mark Whaling Managing Director Managing Director CEO, Australia & CEO, Canaccord Global Head of ECM ECM Asia-Pacific Europe Securities

Tom Gabel Managing Director ECM Senior CDN Team Senior UK Team Asia-Pacific and Middle East Investment Banking

Jason Melbourne Simon Bridges Jeremy Dunlop Shachar Familia Duncan St John Tara Hartigan Global Head Head of European Executive Director, Senior Advisor Executive Director, Managing Director Distribution Investment Corporate Finance (Israel) Corporate Finance ECM Banking (Australia) (Australia)

Eric Zou Chris Blackwell George Fleet Sachin Mahajan Managing Director, Head of Canadian Head of European Managing Director Head of Chinese IB US Product Partners Investment M&A (Dubai & India) (Beijing) Banking Isaiah Knouff Financial Sponsor Coverage Industry-Focused Banking Team with SPAC Experience Amy LaBan, CFA Financial Sponsor Jeff Barlow Dan Coyne Sanjay Chadda Jason Partenza Tom Pollard Coverage Life Sciences, Sustainability, Technology, Technology & Gaming, Cannabis, Boston Boston New York New York New York

Mike Shuh Steve Winokur Malcolm Inglis Financial Institutions, Cannabis, Financial Institutions, Toronto Toronto Toronto

Page 24 Driven by your success. Total Roles Lead Manager Co-Manager Bank Rank Total Value No. Rank No. Rank No. ($M)

Goldman Sachs 1 1,006,332.9 1,440 1 1,410 74 30 JPMorgan 2 889,453.3 1,419 2 1,383 67 36 Morgan Stanley 3 941,986.5 1,397 3 1,351 53 46 BofA Securities 4 824,181.1 1,168 4 1,126 59 42 Citi 5 767,511.4 1,115 5 1,071 57 44 Canaccord Genuity Corp 6 109,787.6 1015 7 764 2 251 Credit Suisse 7 540,560.1 892 6 852 61 40 UBS 8 418,174.6 656 9 626 74 30 Barclays 9 452,213.8 649 10 596 48 54 Jefferies LLC 10 230,499.9 637 8 628 135 9

$46,000,000 $280,500,000 $217,120,000 $57,500,004 $630,850,000 $152,000,000 $697,470,000 $515,775,000 Follow-On Offering Secondary Offering Follow-On Offering IPO IPO IPO IPO IPO Bookrunner Co-Manager Bookrunner Bookrunner Co-Manager Co-Manager Co-Manager Bookrunner June 2021 June 2021 June 2021 June 2021 March 2021 March 2021 May 2021 May2021

Source: Dealogic as of 6/1/2021 Includes all IPO, FO, & CONV Page 25 Driven by your success. Transactions and Case Studies

Driven by your success. Canaccord SPAC Stats Pending Pending Pending Pending June 2021 ▪ Advisor on seven recent US SPAC qualifying (BCTG) $642,900,000 $691,000,000 transactions $1,100,000,000 $1,884,000,000 $550,000,000 Financial Advisor on Financial Advisor on Financial Advisor on Financial Advisor on Financial Advisor on merger w/ merger w/ ▪ Sponsor and sole bookrunner on $207M IPO merger w/ merger w/ merger w/ for Environmental Impact June 2021 April 2021 ▪ Joint bookrunner on $230M IPO for Velocity June 2021 April 2021 February 2021

Real Estate Acquisition LP ▪ 12 CDN-listed SPAC IPOs raising over $2B; $698,000,000 $1,600,000,000 $400,000,000 C$346,000,000 Financial Advisor on Financial Advisor on ten have announced/ closed on QTs Financial Advisor on Financial Advisor on $230,000,000 merger w/ merger with merger with merger with Initial Public Offering ▪ CG SPAC pipeline remains robust with our Joint Bookrunner team advising private companies and SPACs February 2021 January 2021 January 2021 December 2020 December 2020 in the Life Sciences, Technology and Sustainability sectors, in particular $614,000,000 $1,100,000,000 $205,000,000 Financial Advisor on Financial Advisor on $172,500,000 Financial Advisor on $207,000,000 merger with merger w/ Initial Public Offering merger w/ Initial Public Offering Sole Bookrunner Sole Bookrunner

November 2020 August 2019 September 2018 December 2017 July 2017 CSAC Cannabis Strategies Acquisition Corp. $285,000,000 Financial Advisor on C$100,000,000 C$46,000,000 C$135,000,000 C$30,000,000 merger w/ Initial Public Offering Initial Public Offering Initial Public Offering Initial Public Offering Lead Bookrunner Lead Bookrunner Sole Bookrunner Lead Bookrunner

Source: Dealogic, Filings, and CG ECM. Page 27 Driven by your success. Initial Public Offerings Merger Advisory De-SPAC / Public Offerings

Silver Spike III Velocity Acquisition Corp. Acquisition Corp. (BCTG) $125,000,000 $230,000,000 $550,000,000 $1,600,000,000 $266,000,000 $1,913,600,000 Financial Advisor on Initial Public Offering Initial Public Offering Financial Advisor on Equity Offering Equity Offering merger with merger with Joint Bookrunner Joint Bookrunner Co-Manager Bookrunner

May 2021 February 2021 Pending June 2021 December 2020 October 2020

C$346,000,000 $172,500,000 $207,000,000 $1,100,000,000 $184,000,000 $1,840,000,000 Financial Advisor Financial Advisor on Initial Public Offering Initial Public Offering on merger with merger with Equity Offering Equity Offering

Sole Bookrunner Sole Bookrunner Co-Manager Co-Manager

February 2021 January 2021 April 2021 December 2020 May 2020 June 2020

Page 28 Driven by your success. Identify and Execute Qualifying Transaction Attract PIPE Investors Once Deal is Identified

⚫ CG can leverage decades of industry experience and ⚫ Successful PIPE attracts key fundamental investors and expertise in M&A to help identify and transact with a target lessens the risk of a cash shortfall at closing ⚫ Based on our recent SPAC experience, we understand the ⚫ CG is ready to assist in optimizing the story for PIPE criteria that will resonate with PIPE & public market investors investors and managing a successful raise

❑ Sample PIPE Investors Large & Growing Multi-billion dollar TAM ❑ AWM Special Market Strong secular trends Situations Opportunity ❑ Alignment with market

Proven ❑ Commercialization or validation Technology & ❑ High barriers to entry Competitive Advantage ❑ Compelling value proposition

❑ Exceptional Team Strong industry experience with Strong ❑ Proven track record Credentials ❑ Public-company ready

❑ Scaling to $1B+ in revenue Highly Scalable ❑ Key milestone achievements Business Model ❑ Attractive margin profile

Page 29 Driven by your success. Roadshow Overview • 2 days of TTW meetings; 20 meetings • 1 day of virtual marketing • 6 1x1 virtual meetings • 1 group investor webcast • Launched w/ base covered on reverse inquiries from TTW; priced on 1 day of $230,000,000 marketing

Initial Public Offering Final Message Joint Bookrunner • The Velocity IPO finished approaching 15x over-subscribed. High-quality, fundamental investor interest. The final book had ~250 indications of interest February 2021 from institutions. Concentrated allocations – top 25 took ~70%.

Top Institutional Participants Base Terms Unit price: $10.00 Units Offered: 23,000,000 Unit Structure: One share Class A common stock / one-third of one redeemable warrant Warrant Strike: $11.50 Offer/ 1 Day: +2.3%

Page 30 Driven by your success. Roadshow Overview • 18 TTW meetings • 3 days of virtual marketing • 17 1x1 virtual meetings • 1 group investor webcast w/ over 40 institutional participants $207,000,000 Final Message Initial Public Offering • Environmental Impact Acquisition Corp. (Nasdaq: ENVIU) priced an upsized deal of $180M + $27M shoe (total proceeds of $207M). The final book finished 5x Sole Bookrunner oversubscribed. Allocations were skewed towards long ESG-focused investors. January 2021

Top Institutional Participants Base Terms Unit price: $10.00 Units Offered: 20,700,000 Unit Structure: One share Class A common stock / one-half of one redeemable warrant Warrant Strike: $11.50 Offer/ 1 Day: +7.3%

Page 31 Driven by your success. Process Summary Announced ⚫ Privately held, venture-backed business seeking growth capital to fuel the Company’s next phase of growth and product development ⚫ Given BARK’s strong brand and the momentum in SPAC market, CG efficiently navigated a process that culminated in an announced merger on a very accelerated timeline Financial Advisor on ⚫ Transaction includes an upsized $200 million fully committed PIPE priced at $10 / share backed by new reverse merger with top-tier institutional investors, including Fidelity Management & Research Company LLC, Senator Investment Group, the Federated Hermes Kaufmann Funds, and affiliates of the Santo Domingo Group

⚫ Merger values BARK at an implied $1.6 billion pro forma enterprise value and the combined company expects to receive approximately $454 million in gross proceeds of cash at closing

⚫ Following completion of the transaction in Q2 2021, existing BARK shareholders will make up 74% BARK Overview ownership of the new business, while SPAC and PIPE investors will account for 26%

Financial Projections & Pro-Forma Valuation ⚫ BARK a leading global omni-channel brand for dogs Implied Enterprise Value: $1.6B ⚫ The Company's current offerings Revenue $706 include BarkBox, its, customized, $516 internally designed and sourced, and $369 3.5x cleverly themed monthly box of toys $191 $224 2021 EV / $149 Revenue and treats, Super Chewer (highly durable rubber toys), BARK Home 2.5 (everyday products), BARK Bright FY2018A FY2019A FY2020A FY2021E FY2022E FY2023E 2022 EV / Revenue (dental, health and wellness), and BARK Eats (personalized food blend service) Gross Profit $413 5.9x $301 Northern Star Overview 2021 EV / $221 GP $135 $84 $107 ⚫ Northern Star Acquisition Corp. (NYSE: 4.2x STIC.U), a publicly traded special 2022 EV / purpose acquisition company FY2018A FY2019A FY2020A FY2021E FY2022E FY2023E GP

Source: CapIQ as of 9/21/20. . Page 32 Driven by your success. Process Summary Announced ⚫ Privately held, venture-backed business seeking developmental capital to fuel the Company’s next phase of growth and path to profitability ⚫ Given strong momentum in SPAC market, CG quickly began soft outreach to potential SPAC partners − From initial outreach in mid-June, CG operated under an accelerated timeline, obtaining a signed LOI Financial Advisor on from Pivotal in early August and announcing the transaction publicly in on September 18th reverse merger with ⚫ Transaction includes an upsized $150 million fully committed PIPE priced at $10 / share backed by new and existing strategic and institutional investors

⚫ Merger values XL at an implied $1.1 billion pro forma enterprise value and the combined company expects to receive approximately $350 million in proceeds of cash at closing

⚫ Following completion of the transaction in Q4 2020, existing XL shareholders will make up 70% ownership XL Fleet Overview of the new business, while SPAC and PIPE investors will account for 30% ⚫ XL Fleet is a leading provider of vehicle (1) electrification solutions for Financial Projections & Pro-Forma Valuation Share Performance commercial and municipal fleets in Implied Enterprise Value: $1.1B $14 25 North America Volume in Millions Price ($) ⚫ Proven, proprietary technology and Revenue $1,377 electrified driven systems work $1,500 1.7x $13 PIC shares increased 26% 20 seamlessly across a wide range of following announcement $1,000 2023 EV / vehicle classes and types $648 Revenue $12 15 $500 $281 Trading volume of 19 million ⚫ 130+ million miles driven by customers $21 $75 0.8x shares on date of to date, including FedEx, Coca-Cola, $- 2024 EV / announcement Verizon and other blue-chip 2020 2021 2022 2023 2024 Revenue $11 10 companies, municipalities and EBITDA institutions $500 $308 9.3x $10 5 Pivotal Overview $300 2023 EV / $117 EBITDA $100 $31 ⚫ Pivotal Investment Corporation II (NYSE: 3.5x $9 0 PIC) is a publicly traded special purpose $(100) $(10) $(15) 2024 EV / acquisition company 2020 2021 2022 2023 2024 EBITDA

Source: CapIQ as of 9/21/20. Past performance is not a guarantee of future results Page 33 Driven by your success.

. Process Summary December 2020 ⚫ Canaccord acted as financial advisor to SAMA in their business combination with Clever Leaves

⚫ SAMA completed its $130M Nasdaq IPO in December 2018

⚫ On June 1, 2020, SAMA announced it had entered into a non-binding letter of intent to merge with Clever Financial Advisor on Leaves business combination w/ ⚫ The definitive agreement was signed on July 27th , and the transaction was completed on December 18th

⚫ The merger carried a $205M pro forma enterprise value with a minimum cash condition of $26M – that amount was covered via a $10M PIPE , plus an additional $16M in committed capital from SAMA holders who agreed not to redeem

⚫ Clever Leaves shareholders rolled over more than 97% of their equity ownership, and earnout up to 1.4M shares Clever Leaves Overview ⚫ Combined company listed on the Nasdaq under “CLVR” $12.75 last trade before closing; ⚫ Leader in Low-Cost, Medicinal- (1) +25% from 6/1 announcement Focused Cannabis Cultivation and YTD Share Performance

Extraction $14.00 6/1 Non-Binding Announcement 9.000mm 1 ⚫ Thoughtfully Constructed, Vertically +5% on 8.2M shares 8.000mm Integrated Multi-National Operator $13.00 (MNO) With Significant Infrastructure 7.000mm 11/30 Registration Effectiveness ⚫ Pharmaceutical-Grade EU GMP- +18% on 5M shares 3 6.000mm Certified Production Authorized for $12.00 Export 5.000mm ⚫ Talented and Experienced Leadership 4.000mm with Operational and Regulatory $11.00 7/27 Definitive Agreement Expertise 2 3.000mm 2.000mm SAMA Overview $10.00

⚫ Schultze Special Purpose Acquisition 1.000mm Corp. (NASDAQ: SAMA) is a publicly traded special purpose acquisition $9.00 0.000mm company

Source: CapIQ as of 12/18/20. Past performance is not a guarantee of future results Page 34 Driven by your success. . Situation • Onyx (nka PARTS iD) is a technology-driven, digital commerce company focused on creating custom infrastructure and unique user experiences within niche markets. It is the owner and operator of, among other verticals, “CARiD.com,” a leading digital commerce platform for the automotive aftermarket. PARTS iD’s unique model features proprietary fitment data, unmatched breadth of offerings, and has completed a business enhanced fulfillment capabilities, providing consumers with a rewarding and accurate discovery combination with experience in a traditionally complex market • The company engaged Canaccord Genuity to evaluate inbound interest, as well as other strategic alternatives Process November 2020 • Canaccord Genuity assisted Onyx in assessing and progressing inbound interest, while simultaneously preparing marketing materials in support of a broad outreach process focused on both strategic and financial counterparties • Canaccord Genuity canvassed the market, engaging 54 strategic and 44 financial parties, which resulted in several indications of interest • Legacy identified Onyx as an exceptional fit for their mandate and an LOI was signed within nine days of executing an NDA and sharing its marketing materials Results • Legacy’s offer represented a premium valuation, coupled with certainty of close, relative to competing bids • Canaccord Genuity navigated a rapid due diligence and closing process that was conducted 100% virtually, due to COVID • PARTS iD is ideally positioned to capitalize on the surge in eCommerce adoption, and this transaction helps strengthen the Company’s foundation for growth within its core automotive category as well as other complex, multidimensional parts and accessories markets

Page 35 Driven by your success. Updated Transaction Activity – Recent Listings and Deal Announcements

Driven by your success. Trade Base Value Warrant QA Term Offer/ 1 Offer/ Company Ticker Target Sector Last Sale Offer/ 1 Day Date ($M) Coverage (Mo). Week Current

6/18 Jaws Juggernaut Acquisition Corporation JUGG.U Wireless Communications $240.0 1/4 24 $ 10.04 0.5% 0.4% 0.4% 6/17 Corner Growth Acquisition Corp. 2 TRON.U Technology $175.0 1/3 24 $ 10.06 0.6% 0.6% 0.6% 6/16 Rice Acquisition Corp. II RONI.U Sustainabilty; Energy Transition $300.0 1/4 24 $ 10.14 1.4% 1.4% 1.4% 6/16 Zimmer Energy Transition Acquisition Corp. ZTAQ.U Energy Value Chain $300.0 1/3 24 $ 10.05 0.5% 0.5% 0.5% 6/15 G Squared Ascend II, Inc. GSQB.U Technology $125.0 1/3 24 $ 10.05 0.0% 0.5% 0.5% 6/15 DILA Capital Acquisition Corp. DILA.U Latin America $55.0 1 18 $ 9.99 (0.1%) (0.2%) (0.2%) 6/11 JAWS Hurricane Acquisition Corporation HCNE.U Technology $275.0 1/4 24 $ 10.04 0.6% 0.3% 0.4% 6/11 Logistics Innovation Technologies Corp. LITT.U Logistics $300.0 1/3 24 $ 9.97 0.0% (0.2%) (0.3%) 6/11 Lakeshore Acquisition I Corp. LAAA.U General/Broad $50.0 3/4 15 $ 10.06 0.0% 0.0% 0.6% 6/10 Blue Safari Group Acquisition Corp. BSGA.U General/Broad $50.0 1/10 12 $ 9.98 (0.4%) (0.5%) (0.3%) 6/9 Global Consumer Acquisition Corp. GACQ.U Consumer $170.0 1/2 12 $ 9.94 (0.7%) (0.5%) (0.6%) 6/9 Iron Spark I Inc. ISAA Consumer $150.0 0 24 $ 9.95 (0.7%) (0.5%) (0.5%) 6/9 Colombier Acquisition Corp. CLBR.U Media & Entertainment $150.0 1/3 24 $ 9.90 (0.6%) (0.8%) (1.0%) 6/9 Summit Healthcare Acquisition Corp. SMIH.U Healthcare $200.0 1/2 24 $ 9.95 0.0% (0.4%) (0.5%) 6/8 SPK Acquisition Corp. SPKA.U TMT - Asia $50.0 1/10 9 $ 10.00 0.0% 0.3% 0.0% 5/28 OceanTech Acquisitions I Corp. OTEC.U Marine Leisure $100.0 1 24 $ 10.01 (0.2%) 0.3% 0.1% 5/26 Post Holdings Partnering Corporation PSPC.U CPG $300.0 1/3 24 $ 10.04 0.2% 0.7% 0.4% 5/26 EG Acquisition Corp. EGGF.U General/Broad $225.0 1/3 24 $ 9.96 (0.6%) (0.3%) (0.4%) 5/26 Dynamics Special Purpose Corp. DYNS Healthcare $230.0 0 24 $ 9.94 (0.2%) (0.1%) (0.6%) 5/25 Fifth Wall Acquisition Corp. III FWAC Real Estate - NonUS $275.0 0 24 $ 9.96 0.0% 0.0% (0.4%) 5/21 Graf Acquisition Corp. IV GFOR.U General/ Broad $150.0 1/5 24 $ 9.97 (0.7%) 0.0% (0.3%) 5/19 Aries I Acquisition Corporation RAMM.U Technology $125.0 1/2 24 $ 10.05 (0.4%) 0.0% 0.4% 5/19 Skydeck Acquisition Corp. SKYA.U General/ Broad $200.0 1/3 24 $ 9.99 (1.2%) (0.7%) (0.1%) 5/19 GigInternational1, Inc. GIWW.U EMEA $200.0 1/2 24 $ 10.05 (0.6%) (0.2%) 0.5% 5/18 Angel Pond Holdings Corporation POND.U China $250.0 1/3 24 $ 9.96 (1.5%) (0.7%) (0.4%) 5/18 Catalyst Partners Acquisition Corp. CPAR.U Tech - Software $300.0 1/5 24 $ 10.08 (0.7%) 0.0% 0.8% 5/18 Mountain Crest Acquisition Corp. III MCAE.U General/ Broad $50.0 0 12 $ 10.11 0.0% 0.9% 1.1% 5/14 Artisan Acquisition Corp. ARTA.U Greater China $300.0 1/3 24 $ 9.94 (0.4%) 0.0% (0.6%) 5/14 Osiris Acquisition Corp. OSI.U General/ Broad $230.0 1/2 24 $ 9.90 (1.2%) (0.2%) (1.0%) 5/13 Orion Biotech Opportunities Corp. ORIA.U Biotech $200.0 1/5 24 $ 10.05 0.5% 0.4% 0.5% 5/7 B. Riley Principal 250 Merger Corp. BRIV.U EV $800M - $2B $150.0 1/3 24 $ 9.96 0.0% 0.0% (0.4%) 5/7 Data Knights Acquisition Corp. DKDC.U Tech - Data, Internet $100.0 1 18 $ 10.18 0.7% 1.0% 1.8% 5/5 Maquia Capital Acquisition Corporation MAQC.U Tech - Middle Market $160.0 1/2 18 $ 10.10 0.2% (0.2%) 1.0% 5/4 Valor Latitude Acquisition Corp. VLAT.U Latin America $200.0 1/3 24 $ 9.96 0.3% 0.0% (0.4%)

Source: SPAC Insider., Dealogic, CapitalIQ, & Company filings as of 6/22/21. Red = reduced deal size/ increased warrants; Green = increased deal size/ reduced warrants. Page 37 Driven by your success. Def Agree Pro Forma IPO/ IPO/ Ann./ 1 Day/ Ann./ SPAC Name Ticker Target Company Target Sector IPO Date IPO Value PIPE Date EV Ann. Current 1 Day Current Current ($M) ($M) ($M)

6/22 Thimble Point Acquisition Corp. THMA Pear Therapeutics Healthcare 2/2/21 $240.0 1,197.0 $125.0 (3.0%) (1.2%) 1.8% 0.1% 1.9% 6/22 Big Cypress Acquisition Corp. BCYP SAB Biotherapeutics Healthcacre 1/12/21 $100.0 $325.0 N/A (0.6%) (0.2%) 0.4% 0.0% 0.4% 6/22 DD3 Acquisition Corp. II DDMX Codere Online Technology 12/8/20 $110.0 $353.0 $67.0 (0.1%) (0.5%) (0.1%) (0.3%) (0.4%) 6/22 CITIC Capital Acquisition Corp. CCAC Quanergy Technology 2/11/20 $240.0 1,100.0 $40.0 (0.7%) (0.6%) 0.1% 0.0% 0.1% 6/18 Leo Holdings III Corp LIII Local Bounti Agriculture 2/26/21 $240.0 $757.0 $125.0 (2.0%) (1.2%) 0.7% 0.1% 0.8% 6/17 GS Acquisition Holdings Corp II GSAH Mirion Technologies Technology 6/30/20 $700.0 2,560.0 $900.0 0.0% 0.5% 1.6% (1.1%) 0.5% 6/16 Roth CH Acquisition III Co. ROCR QualTek Technology 3/3/21 $100.0 $828.7 $66.0 (3.1%) (1.1%) 2.2% (0.1%) 2.1% 6/15 Decarbonization Plus Acquisition Corporation III DCRC Solid Power Sustainability 3/24/21 $350.0 1,246.0 $165.0 20.9% 5.5% (13.6%) 1.0% (12.7%) 6/14 Seven Oaks Acquisition Corp. SVOK Boxed Technology 12/18/20 $225.0 $640.0 $120.0 (1.9%) (1.1%) 0.6% 0.2% 0.8% 6/10 Venus Acquisition Corporation VENA VIYI Algorithm Technology 2/9/21 $40.0 $0.0 N/A (0.6%) (0.5%) 0.1% 0.0% 0.1% 6/10 Spartacus Acquisition Corporation TMTS NextNav Technology 10/15/20 $200.0 $897.0 $205.0 (0.4%) 0.3% 1.2% (0.5%) 0.7% 6/10 Broadstone Acquisition Corp. BSN Vertical Aerospace Aerospace 9/11/20 $300.0 1,840.0 N/A (0.8%) (0.8%) 0.7% (0.7%) 0.0% 6/10 Yucaipa Acquisition Corporation YAC SIGNA Sports United Technology 8/4/20 $300.0 3,230.0 $300.0 (1.6%) (1.3%) 1.1% (0.8%) 0.3% 6/9 Khosla Ventures Acquisition Co. KVSA Valo Health Healthcare 3/4/21 $300.0 2,323.0 $168.5 2.2% (1.0%) (3.0%) (0.1%) (3.1%) 6/9 Kensington Capital Acquisition Corp. II KCAC Wallbox Sustainability 2/26/21 $200.0 1,477.0 $100.0 2.0% (0.5%) (2.0%) (0.5%) (2.5%) 6/7 VPC Impact Acquisition Holdings III, Inc. VPCC Dav Financial 3/5/21 $225.0 3,563.0 $210.0 (1.1%) (1.2%) (0.1%) 0.0% (0.1%) 6/4 GigCapital4, Inc. GIG BigBear.ai Technology 2/9/21 $312.0 1,570.0 $200.0 (2.9%) (1.6%) 1.0% 0.3% 1.3% 6/4 Pershing Square Tontine Holdings, Ltd. PSTH Universal Music Group BV Media 7/22/20 4,000.0 42,400.0 N/A 25.3% 18.5% (11.9%) 7.4% (5.4%) 6/3 Alkuri Global Acquisition Corp. KURI Babylon Healthcare IT 2/5/21 $300.0 3,623.0 $230.0 (2.0%) (1.1%) 0.6% 0.3% 0.9% 5/28 Virtuoso Acquisition Corp. VOSO Wejo Technology 1/22/21 $200.0 $800.0 $100.0 (2.0%) (1.0%) 0.1% 0.9% 1.0% 5/27 Locust Walk Acquisition Corp. LWAC eFFECTOR Therapeutics Healthcare 1/8/21 $153.0 $419.0 $60.0 (3.0%) (1.2%) 1.4% 0.4% 1.9% 5/27 Pioneer Merger Corp. PACX Acorns FinTech 1/8/21 $350.0 1,603.0 N/A (2.5%) (0.9%) 1.6% 0.0% 1.7% 5/26 Decarbonization Plus Acquisition Corporation II DCRN Trilium Sustainability 2/4/21 $350.0 1,404.0 N/A (3.4%) (1.4%) 1.3% 0.8% 2.1% 5/26 Foresight Acquisition Corp. FORE P3 Health Partners Healthcare IT 2/10/21 $275.0 2,290.0 $200.0 (3.2%) (1.1%) 2.2% 0.0% 2.2% 5/25 Legato Merger Corp. LEGO Algoma Steel Industrials 1/20/21 $205.0 1,700.0 $100.0 (3.1%) 0.0% 2.3% 0.9% 3.2% 5/25 PTK Acquisition Corp. PTK Valens Semiconductor Technology 7/13/20 $100.0 $894.0 $125.0 (0.6%) (1.0%) (0.1%) (0.3%) (0.4%) 5/20 DPCM Capital, Inc. XPOA Jam City Technology 10/21/20 $300.0 $1,311.0 $100.0 (1.5%) (1.0%) 0.0% 0.5% 0.5% 5/17 Seaport Global Acquisition Corp. SGAM Redbox Consumer 11/30/20 $125.0 $693.0 $50.0 (1.3%) (0.1%) 0.8% 0.4% 1.2% 5/17 SCVX Corp. SCVX Bright Machines Sustainability 1/24/20 $200.0 $1,148.0 $205.0 (0.3%) (1.0%) (0.8%) 0.1% (0.7%) 5/12 Centricus Acquisition Corp. CENH Arqit Technology 2/4/21 $300.0 $1,026.0 $70.0 (3.0%) (0.8%) 1.9% 0.4% 2.3% 5/12 Switchback II Corporation SWBK Bird Sustainability 1/8/21 $275.0 $2,277.0 $160.0 (0.3%) (1.1%) (1.2%) 0.4% (0.8%) 5/11 Aurora Acquisition Corp. AURC Better Technology 3/4/21 $220.0 $6,732.0 $1,500.0 4.5% (1.0%) (5.3%) 0.0% (5.3%) 5/11 Soaring Eagle Acquisition Corp. SRNG Ginkgo Bioworks Sustainability 2/24/21 $1,500.0 $15,164.0 $775.0 (0.6%) (1.0%) (0.7%) 0.4% (0.4%) 5/10 Austerlitz Acquisition Corporation I AUS Wynn Interactive Gaming 2/26/21 $600.0 $3,161.0 N/A (1.1%) (0.7%) 0.2% 0.2% 0.4% 5/10 Hennessy Capital Investment Corp. V HCIC Plus Sustainability 1/15/21 $300.0 $2,473.0 $150.0 0.2% 1.0% (1.2%) 2.0% 0.8% 5/10 Star Peak Corp II STPC Benson Hill Sustainability 1/6/21 $350.0 $1,351.0 $225.0 2.0% (1.0%) (2.6%) (0.3%) (2.9%) 5/10 LIV Capital Acquisition Corp. LIVK Agile Thought Technology 12/11/19 $70.0 $482.3 $43.0 0.2% (0.1%) (0.6%) 0.3% (0.3%) 5/7 Live Oak Acquisition Corp. II LOKB Navitas Semiconductor Technology 12/3/20 $220.0 $1,036.0 $145.0 0.3% (0.7%) (1.0%) 0.0% (1.0%) 5/7 LifeSci Acquisition II Corp. LSAQ Science 37 Healthcare IT 11/30/20 $75.0 $1,050.0 $200.0 0.9% 1.0% 6.8% (6.4%) 0.0% 5/7 ACON S2 Acquisition Corp. STWO ESS Sustainability 9/17/20 $250.0 $1,072.0 $250.0 (1.4%) (1.1%) 0.4% (0.1%) 0.3%

Source: SPAC Insider., Dealogic, CapitalIQ, & Company filings as of 6/22/21. Page 38 Driven by your success. This material is provided for information purposes only and is intended for distribution in those jurisdictions where subsidiaries of Canaccord Genuity Group Inc. (together, “Canaccord Genuity”) are registered as advisors or dealers in securities. Any distribution or dissemination of this material in any other jurisdiction is strictly prohibited. The information does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized, or to any person to whom it is unlawful to make such an offer or solicitation. This is not, and under no circumstances should be construed as, a solicitation to act as a securities broker or dealer in any jurisdiction by any person or company that is not legally permitted to carry on the business of a securities broker or dealer in that jurisdiction. This material is prepared for general circulation to clients and does not have regard to the investment objectives, financial situation or particular needs to any person. Clients should obtain advice based on their own individual circumstances before making an investment decision. Any client wishing to effect any transactions should do so through a Canaccord Genuity qualified salesperson in their jurisdiction of residence.

The information contained herein has been compiled by Canaccord Genuity from sources believed to be reliable, but no representation or warranty, express or implied, is made by Canaccord Genuity or any other person to its fairness, accuracy, completeness or correctness. To the fullest extent permitted by law, neither Canaccord Genuity nor any other person accepts any liability whatsoever for any direct or consequential loss arising from any use of the information contained herein.

All material presented in this document, unless specifically indicated otherwise, is under trademark and copyright to Canaccord Genuity. None of the material, or its content, or any copy of it may be altered in any way, or transmitted to or distributed to any other party, without the prior express written permission of Canaccord Genuity.

Copyright©Canaccord GenuityCorp. 2021. –Member IIROC/Canadian Investor Protection Fund Copyright©Canaccord Genuity Limited 2021. –Member of the London Stock Exchange, authorized and regulated by the Financial Conduct Authority. Copyright©Canaccord Genuity LLC 2021. –Member FINRA/SIPC Copyright©Canaccord Genuity (Australia) Limited 2021. – Authorized and regulated by ASIC.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This document may contain certain “forward-looking information” (as defined under applicable securities laws). These statements relate to future events or future performance and include management’s expectations, beliefs, plans, estimates, intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts, business and economic conditions and Canaccord Genuity Group LLC’s (the “Company”) growth, results of operations, market position, ability to compete and future financial or operating performance of the Company, performance and business prospects and opportunities. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, “target”, “intend”, “could” or the negative of these terms or other comparable terminology. By its very nature, forward-looking information involves inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking information. In evaluating these statements, readers should specifically consider various factors, which may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, the risks and uncertainties discussed from time to time in the Company’s interim and annual consolidated financial statements and its Annual Information Form filed on www.sedar.com. Readers are cautioned that the preceding list of material factors or assumptions is not exhaustive. Except as may be required by applicable law, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking information, whether as a result of new information, future developments or otherwise.

Page 39 Driven by your success.