On January 7, 2021, in connection with the IPO, Steve Altman, Jonathan A. Levy and Ron Lumbra were appointed to the board of directors of Prospector Capital Corp. (the “Board”). Altman, Levy and Lumbra are independent directors. Effective January 7, 2021, Altman, Levy and Lumbra were also appointed to the Board’s Audit Committee, with Mr. Levy serving as chair of the Audit Committee, and Altman and Lumbra were appointed to the Board’s Compensation Committee, with Mr. Lumbra serving as chair of the Compensation Committee. Following the appointment of Altman, Levy and Lumbra, the Board is comprised of the following three classes: the term of office of the first class of directors, Class I, consists of Mr. Altman and will expire at the Company’s first annual meeting of shareholders; the term of office of the second class of directors, Class II, consists of Levy and Lumbra and will expire at the Company’s second annual meeting of shareholders; and the term of office of the third class of directors, Class III, consists of Derek Aberle and Nick Stone and will expire at the Company’s third annual meeting of shareholders.