CC Neuberger Principal Holdings III: debt financing — CC Neuberger SPAC extends business combination deadline to May 5, 2023; $362.8M redeemed

on February 1, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $2,040,000 (the “ Promissory Note ”) to the Sponsor. The Sponsor funded the initial principal amount of $560,000 on February 6, 2023. The Promissory Note does not bear interest and matures upon closing of the Company’s initial business combination.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On February 1, 2023, the Company held the Extension Meeting (1) to amend the Company’s amended and restated memorandum and articles of association (the “ Articles ”) to extend the date (the “ Termination Date ”) by which the Company has to consummate a business combination (the “ Articles Extension ”) from February 5, 2023 (the “ Original Termination Date ”) to May 5, 2023 (the “ Articles Extension Date ”) and to allow the Company, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to nine times by an additional one month each time after the Articles Extension Date, by resolution of the Company’s board of directors if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until January 29, 2024, or a total of up to twelve months after the Original Termination Date, unless

The Extension Amendment Proposal For Against Abstain 38,556,643 1,252,048 400,150

The Redemption Limitation Amendment Proposal For Against Abstain 39,756,078 52,663 400,100