Inspirato (ISPO) investor relations material

Executive summary

• Inspirato entered into a definitive merger agreement with Exclusive Investments, LLC, under which Inspirato will become a wholly owned subsidiary and its stock will be converted into $4.27 per share in cash, subject to approval by a majority of shareholders and other customary closing conditions.

• The board unanimously recommends voting in favor of the merger, citing immediate liquidity, a premium to recent trading prices, and the company's constrained liquidity and operating losses as key factors.

• The merger is expected to close in Q1 2026, after a special meeting scheduled for February 2, 2026, and is not subject to HSR Act review due to the transaction size.

• If completed, Inspirato will be delisted from Nasdaq and become a private company; if not completed, the company may owe a $1 million termination fee and continue as a standalone public company.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) approval of the merger agreement, (2) an advisory vote on merger-related executive compensation, and (3) adjournment of the meeting if more votes are needed.

• The board recommends voting FOR all proposals.

• Approval of the merger requires a majority of outstanding shares; the compensation vote is advisory and not binding.

Board of directors and corporate governance

• The board established a special committee of independent directors to evaluate strategic alternatives, including the merger.

• The board considered multiple offers and alternatives, ultimately determining the Exclusive Investments offer was the best available.

• A voting and support agreement was executed by major shareholders representing 36% of shares, committing to vote in favor of the merger.