Newsmax Inc.

The following risks update the risk factors previously disclosed in the Company’s Annual Report. Please refer to Part I, Item 1.A Risk Factors in the Company’s Annual Report for other risks related to our business.

We are subject to risks of doing business in other countries, including those related to tariffs, trade restrictions and government actions.

We are subject to the risks of doing business internationally, which increasingly include the following:

•changes in regulatory requirements or other executive branch actions, such as Executive Orders;

•changes in the global trade environment, including potential deterioration in geopolitical or trade relations between countries;

•disputes with authorities in non-U.S. jurisdictions, including international trade authorities;

•imposition of domestic and international taxes, export controls, tariffs, duties, embargoes, sanctions and other trade restrictions;

•changes to U.S. and non-U.S. government policies, including sourcing restrictions, requirements to expend a portion of program funds locally and governmental industrial cooperation or participation requirements; and

•the complexity and necessity of using non-U.S. representatives and consultants.