Pathfinder Acquisition Corporation Announces Postponement of
Extraordinary General Meeting From Wednesday, February 1, 2023 to Friday, February 17, 2023
PALO ALTO, Calif. and SAN JOSE, Calif.January 25, 2023 Pathfinder Acquisition Corporation (NASDAQ: PFDR), (Pathfinder or the
Company), announced today that its previously announced extraordinary general meeting (the Shareholder Meeting) originally scheduled for Wednesday, February 1, 2023, at 10:00 a.m., Eastern Time, is being postponed
to February 17, 2023, at 10:00 a.m., Eastern Time (the Postponement).
At the Shareholder Meeting, shareholders will be asked to
vote on the following proposals: (1) to amend the Companys second amended and restated memorandum and articles of association (the Memorandum and Articles of Association) to eliminate the requirement that Pathfinder retain at
least $5,000,001 of net tangible assets following the redemption of the Companys Class A ordinary shares, par value $0.0001 per share, issued as part of the units sold in the Companys initial public offering (Public
Shares or Class A ordinary shares), in connection with an initial business combination (such limitation, the Redemption Limitation) and to authorize the Company to redeem Public Shares in amounts that would cause
Pathfinders net tangible assets to be less than $5,000,001 (the Redemption Limit Elimination Proposal); (2) to amend the Memorandum and Articles of Association to extend (the Extension) the date by which the Company has
to consummate a business combination from February 19, 2023 to May 19, 2023 (the Charter Extension Date) and to allow Pathfinder, without another shareholder vote, by resolution of Pathfinders board of directors, to elect
to further extend the Charter Extension Date by one month, for a total of four months, until June 19, 2023, unless the closing of a business combination has occurred prior thereto (the Extension Amendment Proposal); and (3) to
adjourn the Shareholder Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Shareholder Meeting, there are insufficient Class A ordinary shares
and Class B ordinary shares, par value $0.0001 per share (the Class B ordinary shares), in the capital of the Company represented (either in person or by proxy) to constitute a quorum necessary to conduct business at the
Shareholder Meeting to approve the Redemption Limit Elimination Proposal or the Extension Amendment Proposal.
As a result of this Postponement, the
Shareholder Meeting will now be held at 10:00 a.m., Eastern Time, on February 17, 2023. The Shareholder Meeting will still be held at the offices of Kirkland & Ellis LLP at 609 Main Street, Suite 4700, Houston, Texas 77002 and
virtually via live webcast at https://www.cstproxy.com/pathfinderacquisition/2023. Also, as a result of this change, the Company has extended the deadline for delivery of redemption requests from the Companys shareholders from 5:00 p.m.,
Eastern Time, on January 30, 2023, to 5:00 p.m., Eastern Time, on February 15, 2023.
Shareholders who wish to withdraw their previously
submitted redemption request may do so prior to the postponed Shareholder Meeting by requesting that the Companys transfer agent return such shares by 5:00 p.m. Eastern Time on February 15, 2023. If any such shareholders have questions or
need assistance in connection with the Shareholder Meeting, please contact the Companys proxy solicitor, Morrow Sodali LLC, by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing PFDR.info@investor.morrowsodali.com.
The Company plans to continue to solicit proxies from
shareholders during the period prior to the Shareholder Meeting. Only holders of record of Class A ordinary shares and Class B ordinary shares as of the close of business on January 10, 2023, the record date for the Shareholder
Meeting are entitled to vote at the Shareholder Meeting or any adjournment thereof.