On January 31, 2022, ENNV issued a press release announcing the Amendment, the
Redemptions and the Adjournment. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Cautionary
Statement Regarding Forward Looking Statements
This Report contains certain forward-looking statements within the meaning of the
federal securities laws with respect to the proposed Transactions between ENNV and Fast Radius. These forward-looking statements generally are identified by the words believe, project, expect,
anticipate, estimate, intend, strategy, future, scales, representative of, valuation, opportunity, plan, may,
should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other statements about
future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this Report,
including but not limited to: (i) the risk that the Transactions may not be completed in a timely manner or at all, which may adversely affect the price of ENNVs securities, (ii) the risk that the Transactions may not be completed by
ENNVs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by ENNV, (iii) the failure to satisfy the conditions to the consummation of the Transactions, including
the requisite approvals of ENNVs and Fast Radius stockholders, the satisfaction of the minimum trust account amount following any redemptions by ENNVs public stockholders and the receipt of certain governmental and regulatory
approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the Transactions, (v) the risk that ENNVs proposed private offering of public equity is not completed, (vi) the occurrence of any event,
change or other circumstance that could give rise to the termination of the merger agreement relating to the Transactions, (vii) the effect of the announcement or pendency of the Transactions on Fast Radius business or employee
relationships, operating results and business generally, (viii) the risk that the Transactions disrupts current plans and operations of Fast Radius, (ix) the risk of difficulties in retaining employees of Fast Radius as a result of the
Transactions, (x) the outcome of any legal proceedings that may be instituted against Fast Radius or against ENNV related to the Merger Agreement or the Transactions, (xi) the ability to maintain the listing of ENNVs securities on a
national securities exchange, (xii) changes in the competitive industries in which Fast Radius operates, variations in operating performance across competitors, changes in laws and regulations affecting Fast Radius business and changes in
the combined capital structure, (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the Transactions, and the ability to identify and realize additional opportunities, (xiv) risks
related to the uncertainty of Fast Radius projected financial information, (xv) risks related to Fast Radius potential inability to become profitable and generate cash, (xvi) current and future conditions in the global economy,
including as a result of the impact of the COVID-19 pandemic, (xvii) the risk that demand for Fast Radius cloud manufacturing technology does not grow as expected, (xviii) the ability of Fast
Radius to retain existing customers and attract new customers, (xix) the potential inability of Fast Radius to manage growth effectively, (xx) the potential inability of Fast Radius to increase its cloud manufacturing capacity or to
achieve efficiencies regarding its cloud manufacturing process or other costs, (xxi) the enforceability of Fast Radius intellectual property rights, including its copyrights, patents, trademarks and trade secrets, and the potential
infringement on the intellectual property rights of others, (xxii) Fast Radius dependence on senior management and other key employees, (xxiii) the risk of downturns and a changing regulatory landscape in the highly competitive
industry in which Fast Radius operates, (xxiv) the risk that Fast Radius may require additional funding for its growth plans and may not be able to obtain any additional financing on terms that are acceptable to Fast Radius or at all and
(xxv) costs related to the Transactions and the failure to realize anticipated benefits of the Transactions or to realize estimated pro forma results and