This presentation is made pursuant to section 5(d) of the Securities Act of 1933, as amended (“Test the Waters”), and is intended solely for investors that are either qualified institutional buyers or institutions that are accredited investors (as such terms are defined under Securities and Exchange Commission (“SEC”) rules), solely for the purposes of familiarizing such investors with Special Situations Sports Spac and determining whether such investors might have an interest in a securities offering contemplated by Special Situations Sports Spac . No such offering is being made at this time. Any such offering of securities will only be made by means of registration statement (including a prospectus) filed with the SEC, after such registration statement becomes effective. No such registration statement has become effective, as of the date of this presentation. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The information provided herein is provided to you on the condition that you agree that you will hold it in strict confidence and not reproduce it or disclose it to any third party in whole or in part. By receiving this information, the recipient expressly agrees to maintain the confidentiality of the material and information herein and to use any such material and information in accordance with its compliance policies, contractual obligations and applicable law, including federal and state securities laws.

Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation of this presentation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof.

The statements contained in this presentation that are not purely historical are forward-looking statements. Forward-looking statements can be identified by the use of forward- looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of Special Situations Sports Spac may differ materially from those reflected or contemplated in any such forward-looking statements. No representation or warranty is made as to future performance or any forward-looking statement. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various risks and uncertainties, including:

The forward-looking statements contained in this presentation are based on our beliefs, assumptions and expectations of future performance, taking into account information currently available to us. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Certain market data information in this presentation is based on management’s estimates. Special Situations Sports Spac obtained the industry, market and competitive position data used throughout this presentation from internal estimates and research as well as from industry publications and research, surveys and studies conducted by third parties. Special Situations Sports Spac believes its estimates to be accurate as of the date of this presentation. However, this information may prove to be inaccurate because of the method by which Special Situations Sports Spac obtained some of the data for its estimates or because this information cannot always be verified due to the limits on the availability and reliability of raw data. Statements contained herein relate to the historical experience of our founders. An investment in Special Situations Sports Spac is not an investment in any of our founders’ past investments, companies or funds affiliated with them. The historical results of these investments, companies or funds is not necessarily indicative of the future performance of Special Situations Sports Spac.