HawkEye 360, Inc.

HawkEye 360, Inc. and Subsidiaries.

QUARTERLY REPORT ON FORM 10-Q

i

Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q of HawkEye 360, Inc. (the “Company”) contains forward-looking statements. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future results of operations and financial condition, our business strategy and plans, market growth, and our objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these terms or other similar expressions intended to identify statements about the future. These forward-looking statements include, but are not limited to, statements concerning the following:

•our expectations regarding financial condition or results of operations, including our expectations regarding revenue, cost of sales and operating expenses, and our ability to achieve and maintain profitability;

•our future sources of and needs for liquidity and capital resources;

•our expectations regarding the size and growth of the market for our products and services;

•our business strategies and our ability to grow our business;

•our ability to continue to successfully design, build, and operate our satellites and payloads;

•our expectations regarding the growth of the global radio frequency exploitation market and increasing demand for space-based signals intelligence;

•our ability to enhance existing or develop new products and services and the impact of any such enhancements or developments;

•our ability to improve and expand our operations and information systems;

•our ability to realize the anticipated benefits from integrating our business with the business of Innovative Signal Analysis, Inc.;

•the implementation or interpretation of current or future regulations and legislation;

•the impact of disruptions in U.S. Government operations and funding and the budgetary priorities of the U.S. Government;

•our ability to maintain contracts and relationships with our U.S. Government and allied international government customers;

•our ability to realize our backlog;

•our ability to attract and retain skilled personnel and senior management;

•the increased expenses associated with being a public company;

•our ability to maintain our existing, or to develop additional, valuable intellectual property rights;

•our focus on a specific public benefit purpose and potential resulting negative effects on our financial performance; and

•the other factors discussed under “Risk Factors.”

You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this Quarterly Report on Form 10-Q primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors described in the section titled “Risk Factors” and elsewhere in this Quarterly Report on Form 10-Q. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Quarterly Report on Form 10-Q. The results, events, and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events, or circumstances could differ materially from those described in the forward-looking statements.

The forward-looking statements made in this Quarterly Report on Form 10-Q relate only to events as of the date on which such statements are made. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q or to reflect new information, actual results, revised expectations, or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions, and expectations disclosed in the forward-looking statements we make. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments.

Each of the terms the “Company,” “HawkEye 360,” “we,” “our,” “us” and similar terms used herein refer collectively to HawkEye 360, Inc. and, where appropriate, our subsidiaries.