Effective May 18, 2021, the board of directors of 26 Capital Acquisition Corp. approved an increase in the size of the Board from four (4) directors to five (5) directors and elected J. Randall Waterfield as a member of the Board’s first class of directors. The Board appointed Mr. Waterfield as the chair of the audit committee, replacing Gregory S. Lyss, who will remain a member of the Audit Committee. The Board also appointed Mr. Waterfield as a member of the compensation committee of the Board. J. Randall Waterfield has served as Chairman of Waterfield Group, a diversified holding company, since June 1999. Mr. Waterfield also has served on the Board of Directors of Waterfield Technologies since January of 2014; SEC registered investment adviser, Red Oak Partners since May 2012; SMTC Corporation since April 2012, and Missouri Cobalt since February 2018; and has formerly served on the boards of Asure Software, RF Industries, and was the 2017-2018 Global Chairman of the Young Presidents’ Organization. Previously, Mr. Waterfield was at Goldman Sachs & Co., where he worked as an equity research analyst from May 1996 through March of 1999, responsible for the small capitalization growth portfolios. Mr. Waterfield is qualified to serve on the Board due to his extensive knowledge of the financial and investment industry.