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, 2023 OR DISRUPTIVE ACQUISITION CORPORATION I (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 11501 Rock Rose Avenue, Suite 200 Austin, Texas 78758 (Address of ...

Initial Public Offering - The company completed its initial public offering on March 26, 2021, raising gross proceeds of $250 million from the sale of 25 million units at $10.00 per unit[116]. - The company incurred total transaction costs of $15,712,871 related to its initial public offering and private placement warrants[117]. - The underwriters of the initial public offering are entitled to a deferred underwriting discount of $9,625,000, payable only upon completion of a business combination[145]. Financial Position - As of June 30, 2023, the company had cash outside the trust account of $27,426 available for working capital needs[126]. - A total of $275 million was placed in the trust account, which is restricted for use in a business combination or to redeem ordinary shares[117]. - The company has not generated any revenues to date and will only do so after completing its initial business combination[137]. - The company does not have any long-term debt obligations or off-balance sheet arrangements as of June 30, 2023[142][155]. Borrowings and Liabilities - As of June 30, 2023, the company had $1,500,000 in borrowings outstanding under an unsecured promissory note, which was increased from $750,000 in December 2022[128]. - The company experienced a change in fair value of warrant liabilities amounting to $170,980 during the same period[138]. - The fair value of warrant liabilities changed by $1,141,887 for the six months ended June 30, 2023, while it decreased by $10,489,890 for the same period in 2022[139][141]. Income and Operating Costs - For the three months ended June 30, 2023, the company reported a net income of $112,901, including $211,610 in dividends earned on amounts held in the trust account[138]. - For the six months ended June 30, 2023, the company reported a net income of $37,487, a significant decrease compared to $10,078,935 for the same period in 2022[139][141]. - The company incurred operating costs of $866,931 for the six months ended June 30, 2023, compared to $810,016 for the same period in 2022[139][141]. Compliance and Regulations - The company is currently not in compliance with Nasdaq's market value listing requirement, needing to regain compliance by December 13, 2023[122]. - The company has identified critical accounting policies that may affect the reported amounts of assets, liabilities, revenues, and expenses[146]. - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[156]. Shareholder Actions - The company has 1,709,100 Class A ordinary shares subject to possible redemption, presented at redemption value as temporary equity[151]. - A total of 25,790,900 Class A ordinary shares were redeemed for cash at a redemption price of approximately $10.20 per share, totaling $263,071,274[151]. - The company has until March 26, 2024, to complete its initial business combination, with a potential extension subject to shareholder approval[120].

Financial Performance - The company incurred a net loss of $75,414 for the three months ended March 31, 2023, with operating costs amounting to $939,202[136] - The company has not generated any operating revenues to date and will only generate nonoperating income from interest on cash held in the trust account[135] - Management has raised substantial doubt about the company's ability to continue as a going concern if it cannot complete its initial business combination by March 26, 2024[129] Initial Public Offering - The company completed its initial public offering on March 26, 2021, raising gross proceeds of $250 million from the sale of 25 million units at $10.00 per unit[117] - The underwriters of the initial public offering are entitled to a deferred underwriting discount of $9,625,000, payable only upon completion of a business combination[141] Cash and Investments - As of March 31, 2023, the company had cash outside the trust account of $27,732 available for working capital needs[123] - The company had a total of $275 million placed in the trust account, which is invested in permitted U.S. government securities[118] - The company has raised a total of $1.5 million through an unsecured promissory note from an affiliate of its sponsor, which is available for general working capital purposes[125] Shareholder Actions - Shareholders approved an extension for the company to complete its initial business combination until March 26, 2024, with 25,790,900 Class A ordinary shares redeemed for approximately $263 million[119] - Holders of 25,790,900 Class A ordinary shares exercised their right to redeem shares for cash at approximately $10.20 per share, totaling $263,071,274[146] - As of March 31, 2023, 1,709,100 Class A ordinary shares are subject to possible redemption, presented at redemption value as temporary equity[146] Debt and Liabilities - The company has no long-term debt obligations or capital lease obligations, only incurring monthly fees of up to $15,000 for administrative services[138] - The company issued an unsecured promissory note of up to $1,500,000, with $750,000 outstanding as of March 31, 2023[140] - The company experienced a change in fair value of warrant liabilities amounting to $970,907 for the three months ended March 31, 2023[136] - The company issued 13,000,000 warrants recognized as derivative liabilities, with fair value adjustments at each reporting period[145] Accounting and Compliance - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[151] - The company does not have any off-balance sheet arrangements as of March 31, 2023[150] - The company evaluates estimates related to fair value of financial instruments and accrued expenses, which may differ from actual results[142] - The company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks[144] Promissory Notes - The company has amended and restated the promissory note multiple times, increasing the principal amount from $250,000 to $1,500,000[140]

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-40279 DISRUPTIVE ACQUISITION CORPORATION I (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or Othe ...

Financial Position - As of September 30, 2022, the company had cash outside the trust account of $28,346 available for working capital needs[134]. - The company has no long-term debt obligations or capital lease obligations[151]. - The company does not have any off-balance sheet arrangements as of September 30, 2022, and December 31, 2021[163]. Income and Expenses - For the three months ended September 30, 2022, the company reported a net income of $1,144,259 and incurred operating costs of $254,048[146]. - For the nine months ended September 30, 2022, the company had a net income of $11,223,194 with operating costs of $1,064,064[147]. - The company incurred and accrued $43,157 in administrative support services fees for the three months ended September 30, 2022[152]. - The company incurred $15,712,871 in transaction costs related to its initial public offering, including $5,500,000 in underwriting discounts[129]. Warrant and Equity Information - The company experienced a decrease in fair value of warrant liabilities amounting to $10,646,878 for the nine months ended September 30, 2022[147]. - As of September 30, 2022, 27,500,000 Class A ordinary shares are subject to possible redemption, classified as temporary equity at redemption value[159]. - The company issued a total of 13,000,000 warrants recognized as derivative liabilities, with fair value adjustments made at each reporting period[158]. - The potential ordinary shares from outstanding warrants are excluded from diluted earnings per share calculations due to unmet contingencies[160]. Business Operations and Future Plans - The company has until March 26, 2023, to complete its initial business combination, or it will cease operations and redeem public shares[131]. - The company anticipates significant costs in pursuing acquisition plans and may need to raise additional capital[133]. Financing and Debt - The company issued an unsecured promissory note of up to $750,000, with $555,363 and $77,000 in borrowings outstanding as of September 30, 2022, and December 31, 2021, respectively[153]. - The company amended the promissory note on April 12, 2022, to increase the principal amount to $500,000, and further amended it on August 18, 2022, to $750,000[153]. - The underwriters of the initial public offering are entitled to a deferred underwriting discount of $9,625,000, payable only upon completion of a business combination[154]. Regulatory and Reporting Considerations - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[165]. - The company has not provided quantitative and qualitative disclosures about market risk as it is classified as a smaller reporting company[167]. - The company evaluates estimates and judgments related to financial instruments and accrued expenses, which may differ from actual results under different conditions[155].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Class A ordinary shares, par value $0.0001 per share DISA The Nasdaq Stock Market LLC Redeemable warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50 DISAW The Nasdaq Stock Market LLC Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant DISAU The Nasdaq Stock Market LLC FORM ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Class A ordinary shares, par value $0.0001 per share DISA The Nasdaq Stock Market LLC Redeemable warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50 DISAW The Nasdaq Stock Market LLC Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant DISAU The Nasdaq Stock Market LLC FORM ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Class A ordinary shares, par value $0.0001 per share DISA The Nasdaq Stock Market LLC Redeemable warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50 DISAW The Nasdaq Stock Market LLC Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant DISAU The Nasdaq Stock Market LLC FORM ...

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 DISRUPTIVE ACQUISITION CORPORATION I (Exact name of registrant as specified in its charter) Cayman Islands 001-40279 N/A (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: 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 DISRUPTIVE ACQUISITION CORPORATION I (Exact name of registrant as specified in its charter) Ca ...