Transaction Details

Footnotes

Simultaneously with the consummation of the Company's initial public offering, MFH 1, LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 200,000 units (the "Private Units") in a private placement for an aggregate purchase price of $2,000,000. Each Private Unit consists of one Class A ordinary share, par value $0.0001, and one-half of one warrant. | The Sponsor is the record holder of the shares reported herein. John Darwin is the manager of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Mr. Darwin may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Darwin 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.