Transaction Details

Footnotes

Simultaneously with the consummation of the Company's initial public offering, New America Sponsor I LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 600,000 units (the "Private Units") in a private placement for an aggregate purchase price of $6,000,000. Each Private Unit consists of one share of Class A common stock, par value $0.0001, and one-half of one redeemable warrant. | The Sponsor is the record holder of the shares reported herein. Kevin McGurn is the sole managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Mr. McGurn may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. McGurn disclaims any beneficial ownership except to the extent of his pecuniary interest therein. | The warrants included in the Private Units will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination. | The warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.