On February 23, 2021, in connection with the IPO, Colicity Inc. announced that Wayne Perry, Dennis Weibling and Cathleen A. Massey were appointed to the board of directors of the company. The Board has determined that the Directors are independent directors within the meaning of applicable SEC and Nasdaq rules. Effective February 23, 2021, the Directors were appointed to the Board’s Audit Committee, with Dennis Weibling serving as chair of the Audit Committee. Effective February 23, 2021, the Directors were also appointed to the Board’s Compensation Committee, with Wayne Perry serving as chair of the Compensation Committee.