InterPrivate III Financial Partners Inc. announced on March 4, 2021, in connection with the IPO, Gordy Holterman, Rich McGinn, Howard Newman and John McCoy were appointed to the board of directors of the company. Messrs. Holterman, McGinn, Newman and McCoy are independent directors. Effective March 4, 2021, Mr. Holterman was appointed to the Board's Audit Committee, serving as chair of the Audit Committee, Messrs. McGinn and Newman were appointed to the Board's Compensation Committee, with Mr. McGinn serving as chair of the Compensation Committee and Messrs. Newman and McCoy were appointed to the Board's Nominating and Corporate Governance Committee, with Mr. Newman serving as chair of the Nominating and Corporate Governance Committee. Following the appointment of Messrs. Holterman, McGinn, Newman and McCoy, the Board is comprised of the following three classes: the term of office of the first class of directors, Class I, consists of Messrs. Holterman, McGinn and Newman and will expire at the Company's first annual meeting of stockholders; the term of office of the second class of directors, Class II, consists of Messrs. McCoy and Sunil Kappagoda and will expire at the Company's second annual meeting of stockholders; and the term of office of the third class of directors, Class III, consists of Messrs. Ahmed Fattouh and Nicholaos Krenteras and will expire at the company's third annual meeting of stockholders.