NowVertical Early Warning Press Release

TORONTO, June 13, 2024 (GLOBE NEWSWIRE) — Sandeep Mendiratta (the Acquiror) today announced that on June 12, 2024, he acquired an aggregate of 8,139,812 Class A subordinate voting shares (the Shares) of NowVertical Group Inc. (NowVertical) pursuant to a deed of amendment dated April 22, 2024 (the Deed) to a share purchase agreement dated December 9, 2022, as amended (the SPA). The 8,139,812 Shares were issued from treasury to the Acquiror in full and final settlement of certain earn-out and top-up payment obligations of NowVertical under the SPA and in accordance with the Deed (the Settlement). Of the Shares: (i) 6,959,390 Shares were issued to the Acquiror at a deemed price of $0.27 per Share; and (ii) 1,180,422 Shares were issued to the Acquiror at a deemed price of $0.1575 per Share.

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