# EDGAR Filing Document

**Accession Number:** 0001820566
**File Stem:** 0001820566-26-000018
**Filing Date:** 2026-2
**Character Count:** 61831
**Document Hash:** b8e0c2de16e9c5d89bffc91ded64ca35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001820566-26-000018.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0001820566-26-000018

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20260203

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Changes in Control of Registrant

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Inspirato Inc
- **CENTRAL INDEX KEY:** 0001820566
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39791
- **FILM NUMBER:** 26594814

**BUSINESS ADDRESS:**
- **STREET 1:** 1544 WAZEE STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-586-7771

**MAIL ADDRESS:**
- **STREET 1:** 1544 WAZEE STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Thayer Ventures Acquisition Corp
- **DATE OF NAME CHANGE:** 20200806

?xml version='1.0' encoding='ASCII'? ispo-20260203

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported): February 3, 2026**

**Inspirato Incorporated**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39791** | **85-2426959** |
| **(State or other jurisdiction**<br>**of incorporation or organization)** | **(Commission**<br>**File Number)** | **(I.R.S. Employer**<br>**Identification Number)** |

---

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| | |
|:---|:---|
| **1544 Wazee Street**<br>**Denver, CO** | **80202** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**(303) 839-5060**

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 <br> ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 <br> ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 <br> ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 <br> ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange**<br>**on which registered** |
| **Class A common stock, $0.0001 par value per share** | **ISPO** | **The Nasdaq Stock Market LLC** |
| **Warrants to purchase Class A common stock** | **ISPOW** | **The Nasdaq Stock Market LLC** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**EXPLANATORY NOTE**

On February 3, 2026 (the "**Closing Date**"), Inspirato Incorporated, a Delaware corporation (the "**Company**"), completed the transactions contemplated by that certain Agreement and Plan of Merger, dated as of December 16, 2025 (the "**Merger Agreement**"), by and among Exclusive Investments, LLC, a Delaware limited liability company ("**Parent**"), Boomerang Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("**Merger Sub**"), and the Company. Pursuant to the Merger Agreement, Merger Sub merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent (the "**Merger**").

Pursuant to the Merger Agreement, at the effective time of the Merger (the "**Effective Time**"), each share of the Company's Class A common stock, par value $0.0001 per share ("**Class A common stock**"), issued and outstanding immediately prior to the Effective Time (other than shares owned by Parent, Merger Sub or the Company or any of their respective subsidiaries or held by stockholders who properly demanded appraisal) was converted into the right to receive $4.27 per share in cash (the "**Merger Consideration**"), subject to any applicable withholding taxes. Additionally, upon the Effective Time, (i) each award for restricted stock units covering shares of Class A common stock ("**Company RSUs**") that was outstanding immediately prior to the Effective Time, whether vested or unvested, was converted into the right to receive the Merger Consideration payable with respect to the total number of shares of Class A common stock underlying such Company RSUs and (ii) each option to purchase shares of Class A common stock that was outstanding and unexercised immediately prior to the Effective Time was cancelled for no consideration. Each of the Company's publicly traded warrants (the "**Public Warrants**") outstanding immediately prior to the Effective Time automatically and without any required action on the part of the holder thereof, ceased to represent a warrant exercisable for Class A common stock and became a warrant exercisable solely for the right to receive, upon exercise, an amount in cash equal to the Merger Consideration that such holder would have received if such holder had exercised their Public Warrant immediately prior to the Effective Time. The warrants to purchase Class A common stock held by One Planet Group, LLC, a company owned by Payam Zamani, former Chief Executive Officer of Inspirato, were cashed out based on the excess of the Merger Consideration over the exercise price per share of the warrants.

The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement, which was previously filed by the Company as an exhibit to the Company's Current Report on Form 8-K filed on December 18, 2025 and is incorporated herein by reference.

**Item 1.02 Termination of Material Definitive Agreements.**

The information set forth in the Explanatory Note of this Current Report on Form 8-K is incorporated herein by reference.

At the Effective Time, Exclusive Investments acquired from Oakstone Ventures, Inc. ("**Oakstone Ventures**") the 8% Senior Secured Convertible Note of the Company issued to Oakstone Ventures pursuant to the Investment Agreement dated August 7, 2023 (the "**Capital One Note**"), pursuant to the Note Termination Agreement entered into among the Company, its subsidiary Inspirato LLC ("**Inspirato LLC**") and certain subsidiaries of Inspirato LLC, Oakstone Ventures and Capital One Services, LLC in connection with the execution of the Merger Agreement.

Additionally, in accordance with the terms of the Merger Agreement, immediately prior to the Effective Time, each of the following equity compensation plans of the Company was terminated: (i) the Company's 2021 Equity Incentive Plan, (ii) the Company's 2024 Inducement Plan, and (iii) the Company's 2021 Employee Stock Purchase Plan.

**Item 2.01 Completion of Acquisition or Disposition of Assets.**

The information set forth in the Explanatory Note and Item 3.01, Item 3.03, Item 5.01, Item 5.02 and Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.

The definitive proxy statement filed by the Company with the U.S. Securities and Exchange Commission (the "**SEC**") on January 12, 2026 contains additional information about the Merger and the other transactions contemplated by the Merger Agreement, including information concerning the interests of directors, executive officers and affiliates of the Company in the Merger.

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The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement, which was previously filed by the Company as an exhibit to the Company's Current Report on Form 8-K filed on December 18, 2025 and is incorporated herein by reference.

**Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.**

The information set forth in the Explanatory Note and Item 2.01 of this Current Report on Form 8-K is incorporated herein by reference.

On February 3, 2026, in connection with the consummation of the Merger, the Company notified the Nasdaq Stock Market LLC ("**Nasdaq**") that a certificate of merger was filed with the Secretary of State of the State of Delaware for purposes of consummating the Merger, and requested that Nasdaq file a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**") on Form 25 with the SEC to effect the delisting of the Company's securities on Nasdaq and to deregister the Company's securities under Section 12(b) of the Exchange Act. As a result, each of the Class A common stock and the Company's publicly traded warrants was suspended from trading prior to the opening of trading on Nasdaq on February 3, 2026,

The Company intends to file a Certification and Notice of Termination on Form 15 with the SEC to deregister the Company's securities and suspend the Company's reporting obligations under Sections 13 and 15(d) of the Exchange Act as promptly as practicable after the effectiveness of the Form 25.

**Item 3.03 Material Modification to Rights of Security Holders.**

The information set forth in the Explanatory Note, Item 1.02, Item 2.01, Item 3.01, Item 5.01 and Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.

**Item 5.01 Changes in Control of Registrant.**

The information set forth in the Explanatory Note, Item 2.01, Item 3.01, Item 3.03, Item 5.02 and Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.

As a result of the consummation of the Merger, a change of control of the Company has occurred and the Company became a wholly owned subsidiary of Parent.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

The information set forth in the Explanatory Note and Item 2.01 of this Current Report on Form 8-K is incorporated herein by reference.

***Board of Directors***

In accordance with the terms of the Merger Agreement and effective as of the Effective Time, each of the directors of the Company immediately prior to the Effective Time ceased serving on the Company's board of directors and the director of Merger Sub immediately prior to the Effective Time became the director of the Company from and after the Effective Time. Accordingly, as of the Effective Time, Payam Zamani, Ann Payne, Jordy Spiegel, Julie Wainwright, May Samali, Michael Armstrong and Scott Berman, resigned and ceased serving on the Company's board of directors and all of its committees. The name of such new director of the Company is James Henderson. No director resigned as a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

***Executive Officers***

In accordance with the terms of the Merger Agreement and effective as of the Effective Time, each of the executive officers of the Company immediately prior to the Effective Time ceased serving in their respective roles and the executive officers of Merger Sub immediately prior to the Effective Time became the executive officers of the Company from and after the Effective Time. The names of such new officers of the Company and their respective positions, in each case effective immediately following the Effective Time, are indicated below:

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| | |
|:---|:---|
| <u>Name</u> | <u>Title</u> |
| James Henderson | President and Chief Executive Officer |
| Robin Warne | Chief Financial Officer |
| Sara Whitford | Secretary |

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**Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.**

The information set forth in the Explanatory Note and Item 2.01 of this Current Report on Form 8-K is incorporated herein by reference.

In connection with the consummation of the Merger and at the Effective Time, the certificate of incorporation and bylaws of the Company were amended and restated to read in their entirety in the form of the certificate of incorporation and bylaws of Merger Sub immediately prior to the Effective Time. Such amendments reflect, among other things, that the Company is now a privately held, wholly owned subsidiary of Parent and eliminate provisions applicable only to a publicly traded company.

The foregoing description is qualified in its entirety by reference to the full text of the amended and restated certificate of incorporation and bylaws, copies of which are filed as Exhibits 3.1 and 3.2, respectively, hereto and incorporated herein by reference.

**Item 7.01 Regulation FD Disclosure.**

On February 3, 2026, the Company issued a press release announcing the closing of the Merger. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.

The information in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits.**

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| | | |
|:---|:---|:---|
| **Exhibit** | **No.** | **Description** |
| 2.1\* |  | [Merger Agreement, dated as of December 16, 2025, by and among Inspirato Incorporated, Exclusive Investments, LLC and Boomerang Merger Sub, Inc., incorporated by reference from Exhibit 2.1 to the Company's Current Report on Form 8-K filed on December 18, 2025.](https://www.sec.gov/Archives/edgar/data/1820566/000182056625000216/ispo-12182025xxex21mergera.htm) |
| 3.1 |  | [Amended and Restated Certificate of Incorporation of Inspirato Incorporated, effective as of February](ispo-02032026x8kxex31.htm)[3](ispo-02032026x8kxex31.htm)[, 2026.](ispo-02032026x8kxex31.htm) |
| 3.2 |  | [Amended and Restated Bylaws of Inspirato Incorporated, effective as of February](ispo-02032026x8kxex32.htm)[3](ispo-02032026x8kxex32.htm)[, 2026.](ispo-02032026x8kxex32.htm) |
| 99.1 |  | [Press Release, dated February](ispo-02032026x8kxex991.htm)[3](ispo-02032026x8kxex991.htm)[, 2026, announcing the closing of the Merger.](ispo-02032026x8kxex991.htm) |
| 104 |  | Cover Page Interactive Data File (formatted in Inline XBRL and included as Exhibit 101). |

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\*Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish supplemental copies of any of the omitted schedules and exhibits upon request by the SEC.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | | **INSPIRATO INCORPORATED** |
| Date: February 3, 2026 | By: | /s/ Brent Wadman |
|  | Name: | Brent Wadman |
|  | Title: | General Counsel |

---

## Exhibit 3.1

<u>Delaware</u>

The First State

***I, CHARUNI PATIBANDA-SANCHEZ, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF INCORPORATION OF "BOOMERANG MERGER SUB, INC.", FILED IN THIS OFFICE ON THE TWELFTH DAY OF DECEMBER, A.D. 2025, AT 4:05 O`CLOCK P.M.***

![image_0.jpg](image_0.jpg)

![image_1.jpg](image_1.jpg)

10330969 8100&nbsp;&nbsp;&nbsp;&nbsp;Authentication: 205615078

SR# 20254870440&nbsp;&nbsp;&nbsp;&nbsp;Date: 12-15-25

You may verify this certificate online at corp.delaware.gov/authver.shtml

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State of Delaware<br>Secretary of State<br>Division of Corporations<br>Delivered 04:05 PM12/12/2025<br>FILED 04:05 PM12/12/2025<br>SR 20254861448 - File Number 10330969 | **CERTIFICATE OF INCORPORATION** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State of Delaware<br>Secretary of State<br>Division of Corporations<br>Delivered 04:05 PM12/12/2025<br>FILED 04:05 PM12/12/2025<br>SR 20254861448 - File Number 10330969 | **OF** |
| | **BOOMERANG MERGER SUB, INC.** |
| | (a Delaware corporation) |

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**ARTICLE I.**

The name of the Corporation is Boomerang Merger Sub, Inc. (the <u>"Corporation")</u>.

**ARTICLE II.**

The address of the Corporation's registered office in the State of Delaware is 1209 Orange Street in the City of Wilmington, County ofNew Castle, Delaware 19801. The name of its registered agent at such address is The Corporation Trust Company.

**ARTICLE** III.

The purpose of the Corporation is to engage in any lawful act or activity for which a corporation may be organized under the General Corporation Law of the State of Delaware as it now exists or may hereafter be amended and supplemented.

**ARTICLE IV.**

The total number of shares of all classes of stock that the Corporation is authorized to issue is one thousand (1,000) shares, all of which shall be common stock, $0.001 par value per share.

**ARTICLE V.**

The name and mailing address of the incorporator is: Sara Whitford, 1601 19th Street, Suite 500, Denver, CO 80202.

**ARTICLE VI.**

From time to time any of the provisions of this certificate of incorporation may be amended, altered or repealed, and other provisions authorized by the laws of the State of Delaware at the time in force may be added or inserted in the manner and at the time prescribed by said laws, and all rights at any time conferred upon the stockholders of the Corporation by this certificate of incorporation are granted subject to the provisions of this <u>Article VI.</u>

**ARTICLE VII.**

In furtherance and not in limitation of the rights, powers, privileges and discretionary authority granted or conferred by the General Corporation Law of the State of Delaware or other statutes or laws of the State of Delaware, the board of directors of the Corporation (the <u>"Board</u> <u>of</u> <u>Directors")</u> is expressly authorized to make, alter, amend or repeal the bylaws of the Corporation, without any action on the part of the stockholders, but the stockholders may make additional bylaws and may alter, amend or repeal any bylaw whether adopted by them or otherwise. The Corporation may in its bylaws confer powers upon its Board of Directors in

US-DOCS\ 164125020.2

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addition to the foregoing and in addition to the powers and authorities expressly conferred upon the Board of Directors by applicable law.

**ARTICLE VIII.**

Election of directors need not be by written ballot unless the bylaws of the Corporation shall so provide.

**ARTICLE IX.**

The Corporation eliminates the personal liability of each member of its Board of Directors to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director; <u>provided, however,</u> that, to the extent provided by applicable law, the foregoing shall not eliminate the liability of a director (i) for any breach of such director's duty of loyalty to the Corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of Title 8 of the General Corporation Law of the State of Delaware or (iv) for any transaction from which such director derived an improper personal benefit. No amendment to or repeal of this <u>Article IX</u> shall apply to or have any effect on the liability or alleged liability of any director for or with respect to any acts or omissions of such director occurring prior to such amendment or repeal.

**ARTICLEX.**

The Corporation shall, to the maximum extent permitted from time to time under the laws of the State of Delaware, indemnify and upon request shall advance expenses to any person who is or was a party or is threatened to be made a party to any threatened, pending or completed action, suit, proceeding or claim, whether civil, criminal, administrative or investigative, by reason of the fact that he or she is or was or has agreed to be a director or officer of the Corporation or while a director or officer is or was serving at the request of the Corporation as a director, officer, partner, trustee, employee or agent of any corporation, partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, against any and all expenses (including attorneys' fees and expenses),judgments, fines, penalties and amounts paid in settlement or incurred in connection with the investigation, preparation to defend or defense of such action, suit, proceeding or claim; <u>provided, however,</u> that the foregoing shall not require the Corporation to indemnify or advance expenses to any person in connection with any action, suit, proceeding, claim or counterclaim initiated by or on behalf of such person. Such indemnification shall not be exclusive of other indemnification rights arising under any bylaw, agreement, vote of directors or stockholders or otherwise and shall inure to the benefit of the heirs and legal representatives of such person. No amendment or repeal of this <u>Article X</u> shall apply to or adversely affect any right or protection of a director or officer of the Corporation with respect to any act or omission of such director or officer occurring prior to such amendment or repeal.

[*Signature page follows.]*

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I, THE UNDERSIGNED, being the sole incorporator hereinbefore named, for the purpose of forming a corporation pursuant to the General Corporation Law of the State of Delaware, do make this certificate, herein declaring and certifying that this is my act and deed and the facts herein stated are true, and accordingly have hereunto set my hand this 12th day of December, 2025.

*<u>Isl</u>* <u>Sara Whitford&nbsp;&nbsp;&nbsp;&nbsp;</u> Sara Whitford, *Sole Incorporator*

## Exhibit 3.2

**BYLAWS OF**

**BOOMERANG MERGER SUB, INC.**

**December 16, 2025**

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**ARTICLE I. OFFICES**

Section 1. <u>Registered Office</u>. The registered office of Boomerang Merger Sub,

Inc., a Delaware corporation (the "<u>Corporation</u>"), shall be in the City of Wilmington, County of

New Castle, State of Delaware.

Section 2. <u>Other Offices</u>. The Corporation may also have offices at such other

places both within and without the State of Delaware as the Board of Directors (the "<u>Board</u>")

may from time to time determine or the business of the Corporation may require.

**ARTICLE II. MEETINGS OF STOCKHOLDERS**

Section 1. <u>Place of Meetings</u>. Meetings of stockholders shall be held at any place

within or outside the State of Delaware designated by the Board. The Board may, in its sole discretion, determine that a meeting of stockholders shall not be held at any place, but may instead be held solely by means of remote communication authorized by and in accordance with Section 211(a)(2) of the Delaware General Corporation Law (the "<u>DGCL</u>"). In the absence of

any such designation, stockholders' meetings shall be held at the principal executive office of the Corporation.

Section 2. <u>Annual&nbsp;&nbsp;&nbsp;&nbsp;Meetings&nbsp;&nbsp;&nbsp;&nbsp;of&nbsp;&nbsp;&nbsp;&nbsp;Stockholders</u>.&nbsp;&nbsp;&nbsp;&nbsp;The&nbsp;&nbsp;&nbsp;&nbsp;annual&nbsp;&nbsp;&nbsp;&nbsp;meeting&nbsp;&nbsp;&nbsp;&nbsp;of

stockholders shall be held each year on a date and at a time designated by the Board. At each annual meeting directors shall be elected and any other proper business may be transacted.

Section 3. <u>Quorum; Adjourned Meetings and Notice Thereof</u>. A majority of the

stock issued and outstanding and entitled to vote at any meeting of stockholders, the holders of

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which are present in person or represented by proxy, shall constitute a quorum for the transaction of business except as otherwise provided by law, by the Certificate of Incorporation, or by these Bylaws. A quorum, once established, shall not be broken by the withdrawal of enough votes to leave less than a quorum and the votes present may continue to transact business until adjournment. If, however, such quorum shall not be present or represented at any meeting of the stockholders, a majority of the voting stock represented in person or by proxy may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present or represented. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified. If the adjournment is for more than thirty days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote thereat.

Section 4. <u>Voting</u>. When a quorum is present at any meeting, the vote of the

holders of a majority of the stock having voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one upon which by express provision of the DGCL, or the Certificate of Incorporation, or these Bylaws, a different vote is required in which case such express provision shall govern and control the decision of such question. Except as may be otherwise provided in the Certificate of Incorporation, directors shall be elected by a plurality of the votes of the stock present in person or represented by proxy at the meeting entitled to vote on the election of directors.

Section 5. <u>Proxies</u>. At each meeting of the stockholders, each stockholder having

the right to vote may vote in person or may authorize another person or persons to act for him/her by proxy appointed by an instrument in writing subscribed by such stockholder and

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bearing a date not more than three years prior to said meeting, unless said instrument provides for a longer period. All proxies must be filed with the Secretary of the Corporation at the beginning of each meeting in order to be counted in any vote at the meeting. Each stockholder shall have one vote for each share of stock having voting power, registered in his/her name on the books of the Corporation on the record date set by the Board as provided in Article V, Section 6 hereof. All elections shall be had and all questions decided by a plurality vote.

Section 6. <u>Special Meetings</u>. Special meetings of the stockholders, for any

purpose, or purposes, unless otherwise prescribed by statute or by the Certificate of Incorporation, shall be called by the President or the Secretary at the request in writing of a majority of the Board, or at the request in writing of stockholders owning a majority in amount of the entire capital stock of the Corporation, issued and outstanding, and entitled to vote. Such request shall state the purpose or purposes of the proposed meeting. Business transacted at any special meeting of stockholders shall be limited to the purposes stated in the notice.

Section 7. <u>Notice of Stockholder's Meetings</u>. Whenever stockholders are

required or permitted to take any action at a meeting, a written notice of the meeting shall be given which notice shall state the date and hour, the place (if any) and the means of remote communications (if any) of the meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Except as otherwise provided by law, the written notice of any meeting shall be given to each stockholder entitled to vote at such meeting not less than ten nor more than sixty days before the date of the meeting via mail, facsimile or electronic mail. If mailed, notice is given when deposited in the United States mail, postage prepaid, directed to the stockholder at his/her address as it appears on the records of the Corporation.

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Section 8. <u>Maintenance and Inspection of Stockholder List</u>. The officer who has

charge of the stock ledger of the Corporation shall prepare and make, at least ten days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder and the number of shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten days prior to the meeting, (i) at the Corporation's discretion, on a reasonably accessible electronic network, provided that the information required to gain access to such list is provided with the notice of the meeting or (ii) during ordinary business hours at the Corporation's principal place of business. In the event that the Corporation determines to make the list available on an electronic network, the Corporation may take reasonable steps to ensure that such information is available only to stockholders of the Corporation. If the meeting is to be held at a place, then the list shall be produced and kept at the time and place of the meeting during the whole time thereof and may be examined by any stockholder who is present. If the meeting is to be held solely by means of remote communication, then the list shall also be available for examination of any stockholder during the whole time of the meeting on a reasonably accessible electronic network and the information required to access such list shall be provided with the notice of the meeting.

Section 9. <u>Stockholder Action by Written Consent Without a Meeting</u>. Unless

otherwise provided in the Certificate of Incorporation, any action required to be taken at any annual or special meeting of stockholders of the Corporation, or any action which may be taken at any annual or special meeting of such stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent in writing, setting forth the action so taken, shall be

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(i) signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary (in accordance with the Certificate of Incorporation) to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and (ii) delivered to the Corporation by delivery to its registered office in the State of Delaware, its principal place of business or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented to such action in writing and who, if the action had been taken at a meeting, would have been entitled to notice of such meeting.

**ARTICLE III. DIRECTORS**

Section 1. <u>The Number of Directors</u>.&nbsp;&nbsp;&nbsp;&nbsp;The exact number of directors shall be

determined by resolution of the Board, and the initial number of directors shall be one (1). The directors need not be stockholders. The directors shall be elected at the annual meeting of the stockholders, except as provided in Section 2 of this Article, and each director elected shall hold office until his/her successor is elected and qualified; provided, however, that unless otherwise restricted by the Certificate of Incorporation or by law, any director or the entire Board may be removed, either with or without cause, from the Board at any meeting of stockholders by a majority of the stock represented and entitled to vote thereat.

Section 2. <u>Vacancies</u>. Vacancies on the Board by reason of death, resignation,

retirement, disqualification, removal from office, or otherwise, and newly created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the directors then in office, although less than a quorum, or by a sole remaining director. The

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directors so chosen shall hold office until the next annual election of directors and until their successors are duly elected and shall qualify, unless sooner replaced by a vote of the stockholders. If there are no directors in office, then an election of directors may be held in the manner provided by the DGCL. If, at the time of filling any vacancy or any newly created directorship, the directors then in office shall constitute less than a majority of the whole Board (as constituted immediately prior to any such increase), the Court of Chancery may, upon application of any stockholder or stockholders holding at least ten percent of the total number of the shares at the time outstanding having the right to vote for such directors, summarily order an election to be held to fill any such vacancies or newly created directorships, or to replace the directors chosen by the directors then in office.

Section 3. <u>Powers</u>. The property and business of the Corporation shall be

managed by or under the direction of its Board. In addition to the powers and authorities by these Bylaws expressly conferred upon them, the Board may exercise all such powers of the Corporation and do all such lawful acts and things as are not by the DGCL or by the Certificate of Incorporation or by these Bylaws directed or required to be exercised or done by the stockholders.

Section 4. <u>Place of Directors' Meetings</u>. The directors may hold their meetings

and have one or more offices, and keep the books of the Corporation outside of the State of Delaware.

Section 5. <u>Regular Meetings</u>.&nbsp;&nbsp;&nbsp;&nbsp;Regular meetings of the Board may be held

without notice at such time and place as shall from time to time be determined by the Board.

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Section 6. <u>Special Meetings</u>. Special meetings of the Board may be called by the

Chairman of the Board or any two members of the Board on twenty-four hours' notice to each director, either personally or by mail, electronic mail or facsimile.

Section 7. <u>Quorum</u>. At all meetings of the Board a majority of the authorized

number of directors shall be necessary and sufficient to constitute a quorum for the transaction of business, and the vote of a majority of the directors present at any meeting at which there is a quorum, shall be the act of the Board, except as may be otherwise specifically provided by the DGCL, by the Certificate of Incorporation or by these Bylaws. If a quorum shall not be present at any meeting of the Board, the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present. If only one director is authorized, such sole director shall constitute a quorum. At any meeting, a director shall have the right to be accompanied by counsel provided that such counsel shall agree to any confidentiality restrictions reasonably imposed by the Corporation.

Section 8. <u>Action Without Meeting</u>. Unless otherwise restricted by the

Certificate of Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the Board or of any committee thereof may be taken without a meeting, if all members of the Board or committee, as the case may be, consent thereto in writing, or by electronic transmission and the writing or writings or electronic transmission or transmissions are filed with the minutes of proceedings of the Board or committee. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form.

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Section 9. <u>Telephonic Meetings</u>. Unless otherwise restricted by the Certificate of

Incorporation or these Bylaws, members of the Board, or any committee designated by the Board, may participate in a meeting of the Board, or any committee, by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and such participation in a meeting shall constitute presence in person at such meeting.

Section 10. <u>Committees of Directors</u>. The Board may, by resolution passed by a

majority of the whole Board, designate one or more committees, each such committee to consist of one or more of the directors of the Corporation. The Board may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he/she or they constitute a quorum, may unanimously appoint another member of the Board to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent provided in the resolution of the Board, shall have and may exercise all the powers and authority of the Board in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which may require it; but no such committee shall have the power or authority to (x) approve, adopt or recommend to the stockholders of the Corporation any action or matter (other than the election or removal of directors) expressly required by the DGCL or the Certificate of Incorporation to be submitted to the stockholders of the Corporation for approval or (y) adopt, amend or repeal any portion of these Bylaws.

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Section 11.&nbsp;&nbsp;&nbsp;&nbsp;<u>Minutes of Committee Meetings</u>.&nbsp;&nbsp;&nbsp;&nbsp;Each committee shall keep

regular minutes of its meetings and report the same to the Board when required.

Section 12.&nbsp;&nbsp;&nbsp;&nbsp;<u>Compensation of Directors</u>.&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise restricted by the

Certificate of Incorporation or these Bylaws, the Board shall have the authority to fix the compensation of directors. The directors may be paid their expenses, if any, of attendance at each meeting of the Board and may be paid a fixed sum for attendance at each meeting of the Board or a stated salary as director. No such payment shall preclude any director from serving the Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Section 13. <u>Indemnification</u>. In accordance with the Certificate of

Incorporation, the Corporation shall indemnify and upon request advance expenses to every person who is or was a party or is or was threatened to be made a party to any action, suit, or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he/she is or was a director or officer of the Corporation or, while a director or officer or employee of the Corporation, is or was serving at the request of the Corporation as a director, officer, employee, agent or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, against expenses (including counsel fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him/her in connection with such action, suit or proceeding, to the full extent permitted by applicable law.

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**ARTICLE IV. OFFICERS**

Section 1.&nbsp;&nbsp;&nbsp;&nbsp;<u>Officers</u>. The officers of the Corporation shall be chosen by the

Board and may include a President and a Secretary. The Corporation may have, at the discretion of the Board, such other officers as are desired, including a Chairman of the Board, one or more Vice Presidents, a Treasurer, one or more Assistant Secretaries and Assistant Treasurers, and such other officers as may be appointed in accordance with the provisions of Section 3 hereof. In the event there are two or more Vice Presidents, then one or more may be designated as Executive Vice President, Senior Vice President, or other similar or dissimilar title. At the time of the election of officers, the directors may by resolution determine the order of their rank. Any number of offices may be held by the same person unless the Certificate of Incorporation or these Bylaws otherwise provide.

Section 2. <u>Election of Officers</u>. The Board, at its first meeting after each

annual meeting of stockholders, shall choose the officers of the Corporation.

Section 3.&nbsp;&nbsp;&nbsp;&nbsp;<u>Subordinate Officers</u>. The Board may appoint such other officers

and agents as it shall deem necessary who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board.

Section 4. <u>Compensation of Officers</u>. The salaries of all officers and agents

of the Corporation shall be fixed by the Board.

Section 5.&nbsp;&nbsp;&nbsp;&nbsp;<u>Term of Office; Removal and Vacancies</u>.&nbsp;&nbsp;&nbsp;&nbsp;The officers of the

Corporation shall hold office until their successors are chosen and qualify in their stead. Any

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officer elected or appointed by the Board may be removed at any time by the affirmative vote of a majority of the Board. If the office of any officer or officers becomes vacant for any reason, the vacancy shall be filled by the Board.

Section 6. <u>Chairman of the Board</u>. The Chairman of the Board, if such an

officer be elected, shall, if present, preside at all meetings of the Board and exercise and perform such other powers and duties as may be from time to time assigned to him/her by the Board or prescribed by these Bylaws.

Section 7. <u>President</u>. Subject to such supervisory powers, if any, as may be

given by the Board to the Chairman of the Board, if there be such an officer, the President shall be the Chief Executive Officer of the Corporation and shall, subject to the control of the Board, have general supervision, direction and control of the business and officers of the Corporation. He/she shall have the general powers and duties of management usually vested in the office of President and Chief Executive Officer of the corporation and shall have such other powers and duties as may be prescribed by the Board or these Bylaws.

Section 8. <u>Vice Presidents</u>. In the absence or disability of the President, the

Vice Presidents in order of their rank as fixed by the Board, or if not ranked, the Vice President designated by the Board, shall perform all the duties of the President, and when so acting shall have all the powers of and be subject to all the restrictions upon the President. The Vice Presidents shall have such other duties as from time to time may be prescribed for them, respectively, by the Board.

Section 9. <u>Secretary</u>. The Secretary shall attend all sessions of the Board and

all meetings of the stockholders and record all votes and the minutes of all proceedings in a book

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to be kept for that purpose; and shall perform like duties for the standing committees when required by the Board. He/she shall give, or cause to be given, notice of all meetings of the stockholders and of the Board, and shall perform such other duties as may be prescribed by the Board or these Bylaws.

He/she shall keep in safe custody the seal of the Corporation, and when authorized by the Board, affix the same to any instrument requiring it, and when so affixed it shall be attested by his/her signature or by the signature of an Assistant Secretary. The Board may give general authority to any other officer to affix the seal of the Corporation and to attest the affixing by his/her signature.

Section 10. <u>Assistant Secretary</u>. The Assistant Secretary, or if there be more

than one, the Assistant Secretaries in the order determined by the Board, or if there be no such determination, the Assistant Secretary designated by the Board, shall, in the absence or disability of the Secretary, perform the duties and exercise the powers of the Secretary and shall perform such other duties and have such other powers as the Board may from time to time prescribe.

Section 11. <u>Treasurer</u>. The Treasurer, if such an officer be elected, shall have

the custody of the corporate funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation and shall deposit all moneys, and other valuable effects in the name and to the credit of the Corporation, in such depositories as may be designated by the Board. He/she shall disburse the funds of the Corporation as may be ordered by the Board, taking proper vouchers for such disbursements, and shall render to the Board, at its regular meetings, or when the Board so requires, an account of all his/her transactions as Treasurer and of the financial condition of the Corporation. If required by the Board, he/she shall give the Corporation a bond, in such sum and with such surety or sureties as

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shall be satisfactory to the Board, for the faithful performance of the duties of his/her office and for the restoration to the Corporation, in case of his/her death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his/her possession or under his/her control belonging to the Corporation.

Section 12. <u>Assistant Treasurer</u>. The Assistant Treasurer, or if there shall be

more than one, the Assistant Treasurers in the order determined by the Board, or if there be no such determination, the Assistant Treasurer designated by the Board, shall, in the absence or disability of the Treasurer, perform the duties and exercise the powers of the Treasurer and shall perform such other duties and have such other powers as the Board may from time to time prescribe.

**ARTICLE V. CERTIFICATES OF STOCK**

Section 1. <u>Certificates</u>.&nbsp;&nbsp;&nbsp;&nbsp;The shares of the Corporation shall be represented by

certificates, provided that the Board of Directors of the Corporation may provide by resolution or resolutions that some or all of any or all classes or series of its stock shall be uncertificated shares. If such shares shall be certificated, every holder of stock of the Corporation represented by certificates shall be entitled to have a certificate signed by, or in the name of the Corporation by, any two authorized officers of the Corporation, certifying the number of shares represented by the certificate owned by such stockholder in the Corporation.

Section 2. <u>Signatures on Certificates</u>. If shares shall be certificated, any or all

of the signatures on the certificate may be a facsimile. In case any officer, transfer agent, or registrar who has signed or whose facsimile signature has been placed upon a certificate shall

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have ceased to be such officer, transfer agent, or registrar before such certificate is issued, it may be issued by the Corporation with the same effect as if he were such officer, transfer agent, or registrar at the date of issue.

Section 3. <u>Statement of Stock Rights, Preferences, Privileges</u>. If the

Corporation shall be authorized to issue more than one class of stock or more than one series of any class, the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualification, limitations or restrictions of such preferences and/or rights shall be set forth in full or summarized on the face or back of the certificate which the Corporation may issue to represent such class or series of stock, provided that, except as otherwise provided in Section 202 of the DGCL, in lieu of the foregoing requirements, there may be set forth on the face or back of the certificate which the Corporation may issue to represent such class or series of stock, a statement that the Corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations and restrictions thereof.

Section 4. <u>Lost Certificates</u>. The Board may direct a new certificate or

certificates to be issued in place of any certificate or certificates theretofore issued by the Corporation alleged to have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed. When authorizing such issue of a new certificate or certificates, the Board may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed certificate or certificates, or his/her legal representative, to advertise the same in such manner as it shall require and/or to give the Corporation a bond in such sum as it may direct as indemnity

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against any claim that may be made against the Corporation with respect to the certificate alleged to have been lost, stolen or destroyed.

Section 5.&nbsp;&nbsp;&nbsp;&nbsp;<u>Transfers of Stock</u>.&nbsp;&nbsp;&nbsp;&nbsp;Upon surrender to the Corporation, or the

transfer agent of the Corporation, of a certificate for shares duly endorsed or accompanied by proper evidence of succession, assignation or authority to transfer, the Corporation shall issue a new certificate to the person entitled thereto, cancel the old certificate and record the transaction upon its book.

Section 6. <u>Fixing Record Date</u>. In order that the Corporation may determine

the stockholders entitled to notice of or to vote at any meeting of the stockholders, or any adjournment thereof, or to express consent to corporate action in writing without a meeting, or entitled to receive payment of any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any other lawful action, the Board may fix a record date which shall not be more than sixty nor less than ten days before the date of such meeting, nor more than sixty days prior to any other action. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board may fix a new record date for the adjourned meeting.

Section 7. <u>Registered Stockholders</u>. The Corporation shall be entitled to treat

the holder of record of any share or shares of stock as the holder in fact thereof and accordingly shall not be bound to recognize any equitable or other claim or interest in such share on the part of any other person, whether or not it shall have express or other notice thereof, save as expressly provided by the laws of the State of Delaware.

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**ARTICLE VI. GENERAL PROVISIONS**

Section 1.&nbsp;&nbsp;&nbsp;&nbsp;<u>Dividends</u>. Dividends upon the capital stock of the Corporation,

subject to the provisions of the Certificate of Incorporation, if any, may be declared by the Board at any regular or special meeting, pursuant to law. Dividends may be paid in cash, in property, or in shares of the capital stock, subject to the provisions of the Certificate of Incorporation.

Section 2. <u>Payment of Dividends</u>. Before payment of any dividend there may

be set aside out of any funds of the Corporation available for dividends such sum or sums as the directors from time to time, in their absolute discretion, think proper as a reserve fund to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for such other purpose as the directors shall think conducive to the interests of the Corporation, and the directors may abolish any such reserve.

Section 3. <u>Checks</u>. All checks or demands for money and notes of the

Corporation shall be signed by such officer or officers as the Board may from time to time designate.

Section 4.&nbsp;&nbsp;&nbsp;&nbsp;<u>Fiscal Year</u>.&nbsp;&nbsp;&nbsp;&nbsp;The fiscal year of the Corporation shall end on December 31<sup>st</sup> of each year.

Section 5.&nbsp;&nbsp;&nbsp;&nbsp;<u>Corporate Seal</u>. The corporate seal shall have inscribed thereon

the name of the Corporation, the year of its organization and the words "Corporate Seal, Delaware". Said seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise.

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Section 6.&nbsp;&nbsp;&nbsp;&nbsp;<u>Manner of Giving Notice</u>. Whenever, under the provisions of the

DGCL or of the Certificate of Incorporation or of these Bylaws, notice is required to be given to any director or stockholder, it shall not be construed to mean personal notice, but such notice may be given in writing, by mail addressed to such director or stockholder, at his/her address as it appears on the records of the Corporation, with postage thereon prepaid if by mail, and such notice shall be deemed to be given at the time when the same shall be deposited in the United States mail. Notice to directors or subject to the terms of the DGCL, stockholders, may also be given by telegram, facsimile or electronic mail.

Section 7. <u>Waiver of Notice</u>. Whenever any notice is required to be given

under the provisions of the DGCL or of the Certificate of Incorporation or of these Bylaws, a waiver thereof in writing, signed by the person or persons entitled to said notice, or a waiver by electronic transmission by the person entitled to said notice, whether before or after the time stated therein, shall be deemed equivalent to said notice.

Section 8. <u>Annual Statement</u>. The Board shall present at each annual

meeting, and at any special meeting of the stockholders when called for by vote of the stockholders, a full and clear statement of the business and condition of the Corporation.

**ARTICLE VII. AMENDMENTS**

Section 1.&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendment by Directors or Stockholders</u>. These Bylaws may be

altered, amended or repealed or new Bylaws may be adopted by the stockholders or by the Board at any regular meeting of the stockholders or of the Board or at any special meeting of the stockholders or of the Board if notice of such alteration, amendment, repeal or adoption of new

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Bylaws be contained in the notice of such special meeting. If the power to adopt, amend or repeal Bylaws is conferred upon the Board by the Certificate of Incorporation, it shall not divest or limit the power of the stockholders to adopt, amend or repeal Bylaws.

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## Exhibit 99.1

**The Exclusive Collective and Inspirato Announce Completion of Acquisition**

**DENVER, February 3, 2026** — The Exclusive Collective and Inspirato today jointly announce the completed acquisition of Inspirato Incorporated ("Inspirato") by Exclusive Investments, LLC ("Exclusive Investments").

Under the terms of the transaction, Exclusive Investments acquired all outstanding shares of Inspirato Class A common stock for $4.27 per share in an all-cash transaction, valuing Inspirato at an equity value of approximately $59 million on a fully diluted basis. The purchase price represented an approximately 50% premium to Inspirato's closing price on December 16, 2025, the last trading day prior to the original announcement. Following closing, Inspirato became a privately held company, and its Class A common stock is no longer listed or traded on Nasdaq.

The transaction has been unanimously approved by Inspirato's Board of Directors and approved by Inspirato's shareholders. Inspirato's largest shareholder and former Chairman and CEO, Payam Zamani, including through his affiliated company One Planet Group, voted the shares he controls in favor of the transaction, supporting a smooth transition of ownership.

In connection with the closing, Payam Zamani stepped down from his executive role at Inspirato. James Henderson, Chief

Executive Officer of The Exclusive Collective and Exclusive Resorts has assumed the role of Interim CEO of Inspirato while a search for a permanent successor is underway.

James Henderson added, "As Inspirato celebrates 15 years, joining The Exclusive Collective allows the brand to operate with greater clarity, stability, and confidence—focused squarely on delivering exceptional travel experiences today and into the future. We're excited to welcome Inspirato as a marquee pillar within our portfolio, supporting meaningful travel across all stages of life."

Legal and advisory support for the transaction included Latham & Watkins LLP serving as legal counsel to Exclusive Investments LLC, Roth Capital Partners, LLC as financial advisor, and Davis Graham & Stubbs LLP as legal advisor to Inspirato.

**About The Exclusive Collective**<br>The Exclusive Collective is a multi-brand luxury travel and lifestyle platform serving high-net-worth individuals and families seeking a richer, more intentional way of living. Built on the understanding that how people travel evolves over time, the platform is structured to grow with its customers, supporting sustained relationships across life stages and travel styles within a single ecosystem. Upon closing of the Inspirato acquisition, The Exclusive Collective serves 24,000 high-net-worth travelers annually across Exclusive Resorts, Inspirato, and onefinestay. The platform is supported by Exclusive Resorts' $1 billion portfolio of owned private residences, rare journeys, and global partners, together with a broader base of more than 3,000 leased and professionally managed residences operated by Inspirato and onefinestay worldwide. Backed by majority owner Steve Case, Co-Founder of AOL, Chairman and CEO of Revolution, and Chairman of Exclusive Resorts, The Exclusive Collective is expected to generate more than $500 million in revenue and approximately $70 million in EBITDA in 2026.

**About Exclusive Resorts**

Exclusive Resorts is the flagship brand within The Exclusive Collective and the world's leading Members-only club dedicated to luxury travel and curated experiences. For more than two decades, Exclusive Resorts offers its 4,000+ Members access to a $1 billion portfolio of private residences, rare journeys, and global partners—all designed to support a richer, more meaningful way of living. The Club recently expanded into branded residential real estate, extending its signature approach to ownership and hospitality into the category. Learn more at <u>exclusiveresorts.com</u>.

**About Inspirato**

Inspirato is a luxury travel subscription company serving nearly 10,000 Members through a global portfolio of 300+ exceptional vacation homes, five-star hotel partners, and bespoke experiences. Its innovative model delivers the consistency, service, and trusted quality discerning travelers expect, offering a streamlined and dependable way to explore the world with confidence. Learn more at <u>inspirato.com</u>.

**About onefinestay**

onefinestay offers a curated portfolio of 3,000 private villas, chalets, and residences in flagship destinations including London, Paris, New York City, and Los Angeles. Each home is selected for its exceptional design and appeal to discerning travelers, supported by personal welcomes, 24/7 service, and tailored amenities. onefinestay is also a trusted partner to homeowners seeking professional home management and a secure way to list their properties. Learn more at <u>onefinestay.com</u>.

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**Contact**

Josephine Simmons<br>Head of Communications, The Exclusive Collective<br>press@theexclusivecollective.com

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