On June 17, 2022, Michael Nierenberg resigned from his roles as Chief Executive Officer of Fortress Capital Acquisition Corp. and Chairman of the Company's Board of Directors, effective immediately. Mr. Nierenberg's resignation was due to his resignation from his roles at Fortress Investment Group LLC and its affiliates (Fortress) in connection with his employment with New Residential Investment Corp.

and was not due to any disagreement with the Company or any matter relating to the Company's operations, policies or practices. On June 21, 2022, the Board appointed Daniel N. Bass, the Company's current Chief Financial Officer, to also serve as the Chief Executive Officer of the Company and the Chairman of the Company's Board, effective immediately. Mr. Bass has served as the Company's Chief Financial Officer since September 2020.

Mr. Bass also serves as Chief Financial Officer of Fortress since 2003, leading the firm's finance, accounting, tax, corporate real estate, information technology, HR and corporate development functions. Mr. Bass has also served as the Chief Financial Officer of Fortress Value Acquisition Corp. from its inception in January 2020 until the consummation of its business combination in November 2020, as the Chief Financial Officer of Fortress Value Acquisition Corp.

II from its inception in June 2020 until the consummation of its business combination in June 2021, as the Chief Financial Officer of FVAC III since its inception in August 2020 and as the Chief Financial Officer of FVAC IV since its inception in October 2020. Mr. Bass received both a B.S. and a Masters in Accounting from Florida State University.