AlTi Global, Inc.

Our operations and financial results are subject to various risks and uncertainties, including those described in Part I, Item 1A, "Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 31, 2026. Other than as set forth below, no material changes to such risk factors have occurred during the quarter ended September 30, 2026:

A significant disruption to, or reduction in, investment in artificial intelligence could adversely affect financial markets and, in turn, our business.

In recent years, capital expenditures related to artificial intelligence, including investment in data centers, computing capacity and related energy and infrastructure, have represented a significant driver of economic growth and corporate earnings in the United States, and a relatively small number of companies associated with artificial intelligence represent a substantial portion of the market capitalization of major U.S. equity indices. A major cybersecurity incident, technology failure or other adverse event involving artificial intelligence systems, a failure or financial distress of a significant artificial intelligence developer, infrastructure provider or financing arrangement, loss of public confidence in the reliability of artificial intelligence or other reduction in the use thereof or widespread uncertainty concerning the impact of artificial intelligence on company or sector valuations or the returns on artificial intelligence investment could adversely affect companies’ willingness to fund capital expenditures and cause a delay or reduction in such capital expenditures. Any such delay or reduction could lead to significant declines in equity and credit markets, increased volatility and a slowdown in economic growth. Because management fees are generally based on the value of our clients’ billable assets, and our clients’ portfolios may have meaningful direct or indirect exposure to companies and sectors associated with artificial intelligence, any such market decline could reduce our assets under management and assets under advisement, reduce our management fees, impair our ability to earn incentive fees and reduce distributions from our investments in External Strategic Managers, and could lead to increased client withdrawals or reduced inflows, adversely affecting our results of operations and our financial condition.

We are continuing to remediate the material weaknesses in our internal control over financial reporting, and if we are unable to establish and maintain effective internal control, our ability to accurately and timely report our financial results could be adversely affected.

As described in Part I, Item 4, our material weaknesses in internal control over financial reporting have not been remediated, and management anticipates that they will continue to exist as of December 31, 2026, the first year for which our independent registered public accounting firm will be required to attest to the effectiveness of our internal control over financial reporting. If we fail to remediate these material weaknesses or otherwise fail to establish and maintain effective internal control over financial reporting, we may be unable to accurately and timely report our financial results, which could result in a restatement of our financial statements or regulatory action and could adversely affect investor confidence, our reputation, our ability to raise additional capital, our business operations and financial condition, and the price of our Class A Common Stock.