On February 8, 2023, Douglas Bergeron, a member of the Board of Directors of Appreciate Holdings, Inc. and a member of the Audit Committee thereof, notified the Company of his intention to resign from the Company's Board of Directors for personal reasons, effective February 10, 2023. Mr. Bergeron did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices.
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