Anzu Special Acquisition Corp. I announced that Peter J. Ganz notified the Company of his resignation from his position as General Counsel & Corporate Secretary of the Company effective July 31, 2022. Mr. Ganz has been serving as the Company's General Counsel & Corporate Secretary since February 2021.

Mr. Ganz's resignation arises, in part, from cost cutting by the Company and changes in direction for the Company, including in the targets that the Company is evaluating. The Company does not have any pending letter of intent outstanding, and there can be no assurance that the Company will conduct a transaction with any potential target. Teresa A. Harris notified the Company of her resignation as a member of the Board effective immediately.

Ms. Harris also served as the chair of the Compensation Committee and a member of the Audit Committee and the Nominating and Corporate Governance Committee of the Board, as well as a member of a special committee of the Board that is evaluating certain potential target companies for the Company's initial business combination. William Wulfsohn notified the Company of his resignation as a member of the Board effective immediately. Mr. Wulfsohn also served as chairman of the Board.

Ms. Harris and Mr. Wulfsohn informed the Company that their resignations were due to the following considerations: their disagreement with Company decisions and process leading to the resignations of Mr. Joy and Mr. Ganz and the resulting loss to the Company of the expertise of these two key executives; their disagreement with the nature of and approach to potential acquisition candidates the Company was considering in the context of changes in market conditions and the approaching deadline for completing a business combination; and their disagreement with the Company's continued pursuit of a specific business combination transaction.