1. "It's like **Blackstone** (a major private equity firm), but specialized in finding just one green energy company to buy and take public."

• **Business Combination Facilitation:** Greenrock's primary service is to identify, acquire, and merge with one or more private operating businesses, particularly within the sustainable energy industry in OECD countries, to take them public.

Greenrock (symbol: CLRC) is described as a "newly organized blank check company" formed for the purpose of effecting a business combination (such as a merger, acquisition, or share exchange) with one or more businesses. It has not yet selected any specific initial business combination target.

As a Special Purpose Acquisition Company (SPAC) or blank check company, Greenrock (CLRC) does not have traditional major customers that purchase goods or services. Its primary purpose is to identify and acquire a private operating company, which it would then take public. Therefore, it does not sell products or services to other companies or to individuals.

Per Regnarsson, Chief Executive Officer

Per Regnarsson serves as the Chief Executive Officer of ClimateRock (CLRC) and is expected to lead the combined entity after its business combination with GreenRock. His past roles include Director of Gluon Capital and Founding Advisory Partner of Impactirr Alliance.

Michael Geary, Interim Chief Financial Officer

Michael Geary was appointed as the Interim Chief Financial Officer of ClimateRock in April 2025. He brings over 35 years of experience in finance across various industries, including a recent role as CFO at GreenRock Corp.

Charles Ratelband V, Executive Chairman

Charles Ratelband V is the Executive Chairman of ClimateRock (CLRC) and is the founder and Managing Director of the sustainable investment firm WindShareFund. He is expected to retain a role as a member of the Executive Board of the combined company.

The future revenue growth of Greenrock (CLRC), a Special Purpose Acquisition Company (SPAC) currently in the process of a business combination, is expected to be driven by the operational activities and strategic initiatives of the target entity, GreenRock Corp. (the independent energy producer), once the merger is complete. Based on information regarding the proposed business combination, key drivers of future revenue growth for the combined entity over the next 2-3 years include:

• Expansion of Renewable Energy Project Development and Operations: A primary driver will be the continued development, construction, and operationalization of large-scale renewable energy projects, specifically solar photovoltaic and wind power projects. GreenRock has a track record in delivering comprehensive turnkey solutions in this area, including greenfield development and technical design. The proposed acquisition of TEP Renewables Limited is expected to form GreenRock's primary solar development division, while Accretion Energies Limited will contribute operational wind assets, further expanding revenue generation in these sectors.
• Growth in Battery Energy Management and Storage Solutions: GreenRock is focused on integrating renewable power solutions with battery energy management. The expansion and deployment of these battery storage solutions will be a significant contributor to future revenue, as they enhance grid stability and optimize renewable energy utilization.
• Development and Commercialization of Green Hydrogen Production: GreenRock is actively embarking on green hydrogen developments, with a particular focus on the hydrogen transition of industrial users. This strategic focus positions the company to generate revenue from the production and sale of green hydrogen, aligning with global decarbonization efforts and capitalizing on an emerging market for sustainable energy solutions.

Share Repurchases

• Public shareholders of ClimateRock (CLRC) redeemed approximately 67.3% of shares in an earlier extension, resulting in about $26.8 million remaining in trust.
• As of April 25, 2024, requests were received to redeem a total of 111,915 Class A ordinary shares.
• Shareholders can redeem shares at approximately $13.16 per public share in connection with extension votes.

Share Issuance

• ClimateRock (CLRC) completed its initial public offering (IPO) on May 2, 2022, issuing 7,875,000 units and 3,762,500 private placement warrants, raising gross proceeds of $82,512,500.
• In connection with the proposed business combination, GreenRock's shareholders are expected to receive 32,000,000 newly-issued ordinary shares of the combined holding company.

Inbound Investments

• The initial public offering (IPO) of ClimateRock (CLRC) generated gross proceeds of $82,512,500.
• A concurrent private placement of 3,762,500 warrants was made to the sponsor during the IPO.
• GreenRock (the target company) has secured $20 million in PIPE (Private Investment in Public Equity) and a $25 million equity line, which will be available upon the closing of the business combination.

Outbound Investments

• ClimateRock (CLRC) entered into a definitive agreement to combine with GreenRock, initially involving up to $446 million in share compensation to GreenRock shareholders.
• The terms of the merger agreement were later amended, with the consideration to GreenRock shareholders set at 32,000,000 newly-issued ordinary shares of the combined entity.

Capital Expenditures

• As a blank check company, ClimateRock (CLRC) has not generated revenue and does not have traditional capital expenditures.
• The target company, GreenRock, focuses on developing solar photovoltaic and wind farms and plans strategic expansion into battery energy management and green hydrogen production.