Financial Performance - For the three months ended March 31, 2023, the company reported a net loss of $255,872, with cash used in operating activities amounting to $221,839 [89]. - The company incurred operating costs of $1,214,304 for the three months ended March 31, 2022, primarily due to legal fees, while net income for the same period was $3,356,489 [88]. - The company reported a change in fair value of warrant liability of $4,548,267 for the three months ended March 31, 2022 [88]. Capital Structure - The company generated gross proceeds of approximately $276 million from its IPO, with offering costs of about $15.8 million, including $9.66 million in deferred underwriting commissions [110]. - The company completed a private placement of 5,013,333 warrants at a price of $1.50 per warrant, generating gross proceeds of approximately $7.5 million [82]. - As of March 31, 2023, the company had 6,900,000 Class B ordinary shares issued or outstanding [101]. - The fair value of the Class B ordinary shares and Private Placement Warrants acquired was determined to be $2,859,310, with an excess value of $2,837,593 reported as a component of shareholders' deficit [94]. - The fair value of the Founder Shares to the Anchor Investors in excess of the amount paid was $795,825 [129]. Business Operations - The company has until February 2024 to complete a business combination, or it will face mandatory liquidation and dissolution [120]. - The company settled $377,871 in payables in January 2023 and $6,472,941 in December 2022, totaling $6,850,812 due to vendors and related parties [87]. Internal Controls and Compliance - The company has identified a material weakness in internal controls related to the accounting for complex financial instruments [135]. - The company complies with SAB Topic 5.A for the valuation of Founder Shares acquired by Anchor Investors [129]. - There was no change in internal control over financial reporting during the three months ended March 31, 2023 [157]. - The company has processes to identify and apply applicable accounting requirements but plans to enhance its evaluation system over time [135]. Debt and Financial Position - The company has no long-term debt obligations or capital lease obligations other than described in its financial statements [125]. - As of March 31, 2023, the company did not have any off-balance sheet arrangements [131]. - The company’s funds held in non-interest bearing and interest-bearing accounts exceed applicable FDIC insurance limits [137]. Share Structure - The company has two classes of shares, Class A and Class B, with earnings and losses shared pro rata [128]. - The company’s Class A ordinary shares feature certain redemption rights considered outside of its control [127]. - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards [132].

Financial Performance - For the year ended December 31, 2021, the company reported a net income of $6,689,555 and incurred formation and operating costs of $5,580,262, primarily due to general and administrative expenses [537]. - As of December 31, 2022, the company had cash outside the trust account of $80,212 and working capital deficits of $1,512,654, compared to $14,807 and $4,091,246 respectively in 2021 [539]. Transaction Costs - The company incurred total transaction costs of $16,505,915 related to the IPO, which included $5,520,000 in underwriting fees and $9,660,000 in deferred underwriting fees [538]. - The company recorded a deferred offering cost of $795,825 related to the sale of 690,000 Founder Shares to Anchor Investors [551]. Liquidity and Financing - The company has significant liquidity needs and may require additional financing to sustain operations, with sponsors committed to extend loans as needed [541]. Equity and Shares - As of December 31, 2022, the company had 27,600,000 Class A ordinary shares subject to possible redemption, classified as temporary equity [549]. Settlements and Agreements - Following a confidential settlement, the company is no longer pursuing remedies related to the termination of the Brivo Business Combination [534]. - The company settled $7,008,070 due to vendors in December 2022 and January 2023, and the underwriters waived their right to a deferred underwriting discount of $9,660,000 [535]. - The company has terminated advisory service agreements during the fourth quarter of 2022, resulting in no amounts being paid or due under those contracts [544]. Internal Controls - The company plans to improve its internal control over financial reporting by enhancing access to accounting literature and consulting with third-party professionals [532].

Financial Performance - For the three months ended September 30, 2022, the company reported a net income of $1,826,909 and incurred operating costs of $485,715, primarily due to legal fees [145]. - For the nine months ended September 30, 2022, the company achieved a net income of $5,396,151 with operating costs totaling $4,011,281, again mainly from legal fees [146]. - For the three months ended September 30, 2022, the net income was $1,826,909, compared to $3,896,635 for the same period in 2021, representing a decrease of approximately 53.1% [200]. - The total other income for the three months ended September 30, 2022, was $2,312,624, down from $4,410,373 in the same period of 2021, indicating a decline of about 47.5% [200]. - The company reported a loss from operations of $485,715 for the three months ended September 30, 2022, compared to a loss of $513,738 for the same period in 2021, showing a slight improvement of approximately 5.5% [200]. - For the nine months ended September 30, 2022, the net income was $5,396,151, a decrease of 55.2% compared to $12,035,627 for the same period in 2021 [208]. Trust Account and Investments - As of September 30, 2022, the company had $276 million placed in a Trust Account, which is invested in U.S. government securities [170][175]. - The company generated income of $1,248,046 from its trust account for the three months ended September 30, 2022, and $1,662,587 for the nine months ended September 30, 2022 [145][146]. - The Trust Account held $277,675,932 in marketable securities as of September 30, 2022, compared to $276,013,345 at the end of 2021, showing a slight increase of 0.6% [253]. - The company has a trust account with $276,000,000 from the IPO proceeds, which is invested in U.S. government securities [212]. Business Combination and Operations - The company is required to complete a business combination by February 11, 2023, or it will cease operations and redeem public shares [136][168]. - The company has faced challenges in completing a business combination due to market conditions and the termination of the Brivo Business Combination [166][168]. - The Business Combination Agreement was terminated on August 10, 2022, and if another business combination is not completed by February 11, 2023, the company may cease operations and liquidate [184]. - The company has not engaged in any operations or generated revenues to date, with activities limited to organizational efforts and preparing for an initial business combination [143]. - The Company has not commenced any operations and will not generate operating revenues until after the completion of its initial business combination [239]. Financial Position and Liabilities - As of September 30, 2022, the accumulated deficit was $(18,119,972), an increase from $(18,698,835) as of June 30, 2022 [201]. - Current liabilities rose significantly to $8,137,780 from $4,181,951, reflecting a 94% increase [234]. - Total liabilities decreased to $18,154,535 from $21,943,551, a reduction of approximately 17% [234]. - The accumulated deficit improved to $(18,119,972) from $(21,853,536), indicating a reduction in losses of about 17% [234]. Shareholder and Equity Information - The company has determined that all outstanding Class A ordinary shares should be presented as temporary equity due to changes in accounting methodology [159]. - The weighted average redeemable shares outstanding remained constant at 27,600,000 for both the three months ended September 30, 2022, and September 30, 2021 [200]. - The basic and diluted net income per redeemable share for the three months ended September 30, 2022, was $0.05, down from $0.11 for the same period in 2021, a decrease of approximately 54.5% [200]. - The Company is authorized to issue a total of 200,000,000 Class A ordinary shares, with none issued and outstanding as of September 30, 2022 [297]. Regulatory and Compliance Issues - The company identified a material weakness in internal control over financial reporting related to the accounting of complex financial instruments as of June 1, 2021, and is actively working on remediation efforts [179]. - The company has received multiple demand letters from purported shareholders regarding the Brivo Business Combination, alleging incomplete and misleading disclosures [183]. - The Company has not recognized any unrecognized tax benefits as of September 30, 2022, and December 31, 2021 [286]. Cash Flow and Financing Activities - The net cash used in operating activities was $(152,191), significantly improved from $(1,391,297) in the prior year [208]. - The company reported a net cash provided by financing activities of $138,000, compared to $277,596,466 in the previous year, indicating a substantial decrease in financing activity [208]. - The company received a capital contribution from the sponsor amounting to $97,000 during the third quarter of 2022 [218]. - The Company raised gross proceeds of $276.0 million from its IPO on February 11, 2021, after incurring offering costs of approximately $15.8 million [281]. Administrative and Operational Costs - The Company incurred $45,000 and $135,000 in administrative support fees for the three and nine months ended September 30, 2022, respectively [291]. - The Company has agreed to pay the sponsor $15,000 per month for office space and administrative support services since the IPO [291]. - The total transaction costs related to the IPO amounted to $16,505,915, which included $5,520,000 in underwriting fees and $9,660,000 in deferred underwriting fees [225].

Financial Performance - For the three months ended June 30, 2022, the company reported a net income of $212,753, with operating costs of $2,311,262 primarily due to legal fees[147]. - For the six months ended June 30, 2022, the company had a net income of $3,569,242, with operating costs totaling $3,525,566[148]. - The company generated non-operating income of $392,015 from its trust account for the three months ended June 30, 2022[147]. - The company incurred total legal fees of $6,248,298 related to business combinations, with 20% or $1,249,660 contingent upon the consummation of a business combination[166]. Initial Public Offering - The company completed its Initial Public Offering on February 11, 2021, raising gross proceeds of $276 million from the sale of 27,600,000 units at $10.00 per unit[134]. - The company incurred total transaction costs of $16,505,915 related to the Initial Public Offering, including $5,520,000 in underwriting fees[152]. - The company paid a fixed underwriting discount of $5,520,000 and a deferred underwriting discount of $9,660,000, contingent upon completing an initial business combination[163]. - The company placed approximately $276 million in a trust account, invested in U.S. government securities, until a business combination is completed[136]. Financial Position and Liquidity - As of June 30, 2022, the company had a working capital deficit of $7,616,812, with cash outside the trust account amounting to $4,578[155]. - The company’s liquidity needs have been satisfied through various sources, including proceeds from the Initial Public Offering and the sale of Private Placement Warrants[156]. - The company lacks sufficient financial resources to sustain operations for more than one year from the issuance date of the financial statements, raising concerns about its ability to continue as a going concern[159]. - If a business combination is not completed by February 2023, the company faces mandatory liquidation and dissolution[160]. Operations and Business Strategy - The company has not engaged in any operations or generated revenues to date, focusing on organizational activities and identifying a target company for its initial business combination[146]. - The company entered into a convertible note with CEO Richard Chera for a principal amount of $1,500,000, with an outstanding balance of $450,000 as of June 30, 2022[158]. Internal Controls and Compliance - A material weakness in internal control over financial reporting was identified due to errors in the classification of warrants and Class A ordinary shares, prompting remediation efforts[185]. - The Chief Executive Officer and principal financial officer concluded that the disclosure controls and procedures related to financial instruments were not effective as of June 30, 2022[189]. - There were no changes in internal control over financial reporting from April 1, 2022, through June 30, 2022, that materially affected internal control over financial reporting[190]. Risk Management - The company has not engaged in any hedging activities and does not expect to do so in the future, minimizing exposure to market risk[180]. - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[177]. Equity and Shareholder Matters - As of June 30, 2022, 27,600,000 Class A ordinary shares are classified as temporary equity due to redemption rights, impacting the balance sheet presentation[170].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------- ...

Table of Contents Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commissio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CROWN PROPTECH ACQUISITIONS (Exact name of registrant as specified in its charter) +1 (212) 563-6400 (Registrant's telephone number, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CROWN PROPTECH ACQUISITIONS (Exact name of registrant as specified in its charter) | --- | --- | --- | |---------------------------------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CROWN PROPTECH ACQUISITIONS (Exact name of registrant as specified in its charter) | --- | --- | --- | |--------------------------------- ...