# EDGAR Filing Document

**Accession Number:** 0001800347
**File Stem:** 0000950170-23-000509
**Filing Date:** 2023-1
**Character Count:** 75676
**Document Hash:** ea5e5084ad8e3f9ece1c3cebc37bdb77
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-000509.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0000950170-23-000509

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230109

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** E2open Parent Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001800347
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39272
- **FILM NUMBER:** 23518287

**BUSINESS ADDRESS:**
- **STREET 1:** 9600 GREAT HILLS TRAIL, SUITE 300E
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78759
- **BUSINESS PHONE:** 8664326736

**MAIL ADDRESS:**
- **STREET 1:** 9600 GREAT HILLS TRAIL, SUITE 300E
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78759

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CC Neuberger Principal Holdings I
- **DATE OF NAME CHANGE:** 20200116

?xml version="1.0" encoding="ASCII"? 8-K

------

**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):** January 9, 2023

------

E2open Parent Holdings, Inc.

**(Exact Name of Registrant as Specified in Charter)**

------

Delaware 001-39272 86-1874570 <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

---

| |
|:---|
| 9600 Great Hills Trail**,** Suite 300E |
| Austin**,** TX |
| (address of principal executive offices) |
| 78759 |
| (zip code) |
| 866**-**432-6736 |
| (Registrant's telephone number, including area code) |

---

------

(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:

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

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

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

☐ 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:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Class A Common Stock, par value $0.0001 per share | ETWO | New York Stock Exchange |
| Warrants to purchase one share of Class A Common Stock<br>**&nbsp;&nbsp;&nbsp;&nbsp;at an exercise price of $11.50**<br>| ETWO-WT | New York Stock Exchange |

---

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

------

**Item 2.02 Results of Operations and Financial Condition.**

On January 9, 2023, E2open Parent Holdings, Inc. (the Company) announced its financial results for the three months ended November 30, 2022. A copy of the Company's press release for the same periods is furnished as Exhibit 99.1 to this Current Report on Form 8-K. In accordance with the General Instruction B.2 of Form 8-K, the information set forth in this Item 2.02 and in the attached exhibit is deemed to be furnished and shall not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Exhibits.</u>

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1\* | [<u>Press release, dated January 9, 2023</u>](etwo-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL) |

---

\* Furnished herewith

------

**SIGNATURE**

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

---

| | | |
|:---|:---|:---|
|  | E2open Parent Holdings, Inc. | E2open Parent Holdings, Inc. |
| Date: January 9, 2023 | By: | /s/ Laura L. Fese |
|  |  | Laura L. Fese |
|  |  | Executive Vice President and General Counsel |

---

------

## Exhibit 99.1

**Exhibit 99.1**

www.e2open.com

Press Release

**E2open Announces Fiscal Third Quarter 2023 Financial Results**

GAAP subscription revenue of $135 million, an increase of 26.1% year-over-year

10.2% organic subscription revenue growth on a constant currency basis

**AUSTIN, Texas – January 9, 2023 –** E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today announced financial results for its fiscal third quarter ended November 30, 2022.

"We are pleased with our third quarter results, delivering subscription revenue above our guidance range while also delivering record adjusted EBITDA," said Michael Farlekas, chief executive officer of e2open. "In nearly two years as a public company, we have consistently grown subscription revenue accompanied by strong profitability, a testament to the strength of our durable growth, long-term client relationships, disciplined operations, and talented global team."

"This quarter also highlights that our platform and network give us multiple growth levers," continued Farlekas. "We were recently selected by a well-known global retailer and a large agribusiness innovator for several applications across our platform, helping demonstrate the diversity of our end markets. Both companies noted the breadth of our connected supply chain platform as e2open's primary differentiator. Additionally, our network of over 400,000 entities connected to e2open's platform provides opportunities for innovation as we continue to build a broader supply chain ecosystem."

**<u>Fiscal Third Quarter 2023 Financial Highlights</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Revenue**

o**GAAP subscription revenue** for the third quarter of 2023 was $134.9 million, an increase of 26.1% from the year-ago comparable period and 81.8% of total revenue. Organic subscription revenue growth was 8.0% or 10.2% on a constant currency basis.

o**Total GAAP revenue** for the third quarter of 2023 was $164.9 million, an increase of 20.4% from the year-ago comparable period. Total organic revenue growth was 4.4% or 6.7% on a constant currency basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**GAAP gross profit** for the third quarter of 2023 was $84.1 million, an increase of 31.0% from the year-ago comparable period. Non-GAAP gross profit was $113.6 million, up 4.9% or 6.1% on a constant currency basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**GAAP gross margin** for the third quarter of 2023 was 51.0% compared to 46.9% from the year-ago comparable period. Non-GAAP gross margin was 68.9% or 68.2% on a constant currency basis compared to 68.6% from the year-ago comparable period.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Adjusted EBITDA** for the third quarter of 2023 was $56.2 million, an increase of 22.4% or 19.3% on a constant currency basis from the year-ago comparable period. Adjusted EBITDA margin was 34.1% or 32.6% on a constant currency basis versus 29.1% from the comparable year-ago period. The third quarter of 2023 adjusted EBITDA includes an approximate $6 million of previously disclosed strategic investments in marketing, sales and systems integrators partnerships that e2open did not have in the comparable year-ago period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Net income** for the third quarter of 2023 was $5.5 million compared to a net loss of $64.3 million from the year-ago comparable period. **GAAP and adjusted earnings per share** for the third quarter of 2023 were $0.02 and $0.06 respectively

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Cash flow**

o**GAAP cash flow from operations** year to date was $43.2 million compared to $28.2 million from the year-ago comparable period, inclusive of M&A-related expenses.

o**Adjusted unlevered free cash flow** for the third quarter, adjusted for M&A, was $50.4 million, which represents 89.7% of adjusted EBITDA.

NOTE: Refer to Reconciliation of Pro Forma and Non-GAAP Information Tables at the end of this press release for more detail regarding revenue, gross margin, adjusted EBITDA margin, net loss, adjusted earnings per share, adjusted unlevered free cash flow and adjusted EBITDA. Prior year comparisons of non-GAAP measures include e2open and Logistyx, as if Logistyx were acquired on March 1, 2021.

**<u>Recent Business Highlights</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Further expanded our artificial intelligence/machine learning capabilities to supply planning through Supply Sensing, enhancing the use of sensing technologies beyond demand sensing to the supply side of e2open's platform.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Expanded partnership with several digital freight brokerages providing real-time pricing and routing guide optimization for companies that ship goods over the road.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Introduced e2open Carrier Marketplace as part of e2open's broader strategy to expand its network ecosystems, offering carrier partners and shippers powerful new capabilities, including access to enhanced and timely data allowing both carriers and shippers to make better, pro-active decisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Hosted Leaders Forum, a gathering of e2open clients and partners committed to a connected way of thinking about supply chain, where leaders across industries shared their best practices, confident moves made in the face of headwinds, and how they create sustainable competitive advantage by producing, moving, and selling goods with less cost and waste.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Named award-winner for Enterprise Service of the Year and Most Innovative Service of the Year through Best in Biz Awards.

**<u>Financial Outlook for Fiscal Year 2023</u>**

As of January 9, 2023, e2open is providing updated guidance for the remainder of fiscal year 2023, which ends February 28, 2023, as follows:

**Fiscal 2023 GAAP Subscription Revenue**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•GAAP subscription revenue for fiscal 2023 is expected to be in the range of $533 million to $536 million versus prior guidance of $535 million to $543 million, including an approximate $2 million positive impact from foreign exchange rate fluctuations when compared to our prior guidance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•GAAP subscription revenue for fiscal 2023 on a constant currency basis is expected to be in the range of $542 million to $545 million versus prior guidance of $545 million to $553 million.

**Fiscal 2023 Total GAAP Revenue**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total GAAP revenue is expected to be in the range of $655 million to $660 million versus prior guidance of $668 million to $676 million, including an approximate $2 million positive impact from foreign exchange rate fluctuations when compared to our prior guidance.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total GAAP revenue on a constant currency basis is expected to be in the range of $667 million to $672 million versus prior guidance of $681 million to $689 million.

**Fiscal Fourth Quarter 2023 GAAP Subscription Revenue**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•GAAP subscription revenue for the fiscal fourth quarter of 2023 is expected to be in the range of $137 million to $140 million including an approximate $2 million negative year-over-year impact from foreign exchange rate fluctuations.

**Fiscal 2023 Non-GAAP Gross Profit Margin**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Non-GAAP gross profit margin is reaffirmed in the range of 68% to 70%.

**Fiscal 2023 Adjusted EBITDA**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Adjusted EBITDA is reaffirmed in the range of $217 million to $223 million reflecting an implied adjusted EBITDA margin of approximately 33% to 34%.

NOTE: E2open is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures for non-GAAP gross profit margin or adjusted EBITDA without unreasonable effort, and therefore no reconciliation of certain forward-looking non-GAAP financial measures for non-GAAP gross profit margin or adjusted EBITDA is included.

**<u>Quarterly Conference Call</u>**

E2open will host a conference call today at 5:00 p.m. ET to review fiscal 2023 third quarter financial results, in addition to discussing the Company's outlook for the full fiscal year 2023. To access this call, dial 888-506-0062 (domestic) or 973-528-0011 (international). The conference ID is 256486. A live webcast of the conference call will be accessible in the "Investor Relations" section of e2open's website at www.e2open.com. A replay of this conference call can also be accessed through January 23, 2023, at 877-481-4010 (domestic) or 919-882-2331 (international). The replay pass code is 47266. An archived webcast of this conference call will also be available after the completion of the call in the "Investor Relations" section of the Company's website at www.e2open.com.

Presentation slides to accompany the conference call are available for download under "Events & Presentations" in the "Investors" section of the Company's website at www.e2open.com.

**<u>About e2open</u>**

E2open is the connected supply chain software platform that enables the world's largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 400,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 13 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.™ Learn More: www.e2open.com.

E2open and "Moving as one." are the registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.

**<u>Non-GAAP Financial Measures</u>**

This press release includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP") including non-GAAP revenue, non-GAAP subscription revenue, non-GAAP professional services and other revenue, adjusted EBITDA, adjusted EBITDA margin, non-GAAP gross profit, non-GAAP net income, non-GAAP gross margin, adjusted unlevered free cash flow and adjusted earnings per share. These non-GAAP financial measures are not a measure of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company's financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity, or performance under GAAP. You should be aware that the Company's presentation of these measures may not be comparable to similarly titled measures used by other companies.

------

The Company believes this non-GAAP measure of financial results provides useful information to management and investors regarding certain financial and business trends relating to the Company's financial condition and results of operations. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends in comparing the Company's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures.

**<u>Safe Harbor Statement</u>**

Certain statements in this press release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about the Company's expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential," "outlook," "guidance" or the negative of those terms or other comparable terminology.

Please see the Company's documents filed or to be filed with the Securities and Exchange Commission, including the annual report filed on Form 10-K, and any amendments thereto for a discussion of certain important risk factors that relate to forward-looking statements contained in this press release. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control. These and other important factors may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

###

**<u>Investor Contact</u>**

Adam Rogers

AVP Investor Relations, e2open

adam.rogers@e2open.com

515-556-1162

**<u>Media Contact</u>**

5W PR for e2open

e2open@5wpr.com

718-757-6144

**<u>Corporate Contact</u>**

Kristin Seigworth

VP Communications, e2open

kristin.seigworth@e2open.com

------

**E2OPEN PARENT HOLDINGS, INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Three Months Ended November 30,** | &nbsp;&nbsp;**Three Months Ended November 30,** |
| &nbsp;&nbsp;(In thousands, except per share amounts) | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;**2021** |
| &nbsp;&nbsp;**Revenue** |  |  |
| &nbsp;&nbsp;Subscriptions | &nbsp;&nbsp; $134884 | &nbsp;&nbsp; $106969 |
| &nbsp;&nbsp;Professional services and other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30033 |
| &nbsp;&nbsp;Total revenue | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137002 |
| &nbsp;&nbsp;**Cost of Revenue** |  |  |
| &nbsp;&nbsp;Subscriptions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30163 |
| &nbsp;&nbsp;Professional services and other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17587 |
| &nbsp;&nbsp;Amortization of acquired intangible assets  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25036 |
| &nbsp;&nbsp;Total cost of revenue | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72786 |
| &nbsp;&nbsp;**Gross Profit** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64216 |
| &nbsp;&nbsp;**Operating Expenses** |  |  |
| &nbsp;&nbsp;Research and development | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 |
| &nbsp;&nbsp;Sales and marketing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18101 |
| &nbsp;&nbsp;General and administrative | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22871 |
| &nbsp;&nbsp;Acquisition-related expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33216 |
| &nbsp;&nbsp;Amortization of acquired intangible assets  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19470 |
| &nbsp;&nbsp;Goodwill impairment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;Total operating expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118658 |
| &nbsp;&nbsp;**Loss from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6251) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(54442) |
| &nbsp;&nbsp;**Other income (expense)** |  |  |
| &nbsp;&nbsp;Interest and other expense, net | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21270) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10769) |
| &nbsp;&nbsp;Gain (loss) from change in tax receivable agreement liability | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1470) |
| &nbsp;&nbsp;Gain (loss) from change in fair value of warrant<br>&nbsp;&nbsp;&nbsp;&nbsp; liability | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7232) |
| &nbsp;&nbsp;Gain (loss) from change in fair value of contingent consideration | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1140) |
| &nbsp;&nbsp;Total other income (expense) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20611) |
| &nbsp;&nbsp;**Loss before income tax provision** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2374) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(75053) |
| &nbsp;&nbsp;Income tax benefit | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10764 |
| &nbsp;&nbsp;**Net income (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64289) |
| &nbsp;&nbsp;**Less: Net income (loss) attributable to**<br>**&nbsp;&nbsp;&nbsp;&nbsp; noncontrolling interest** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5072) |
| &nbsp;&nbsp;**Net income (loss) attributable to E2open**<br>**&nbsp;&nbsp;&nbsp;&nbsp; Parent Holdings, Inc.** | &nbsp;&nbsp; $4805 | &nbsp;&nbsp; $(59217) |
| &nbsp;&nbsp;**Weighted average common shares outstanding:** |  |  |
| &nbsp;&nbsp;Basic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308132 |
| &nbsp;&nbsp;Diluted | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308132 |
| &nbsp;&nbsp;**Net income (loss) attributable to E2open Parent Holdings, Inc. Common shareholders per share:** |  |  |
| &nbsp;&nbsp;Basic | &nbsp;&nbsp; $0.02 | &nbsp;&nbsp; $(0.19) |
| &nbsp;&nbsp;Diluted | &nbsp;&nbsp; $0.02 | &nbsp;&nbsp; $(0.19) |

---

------

**E2OPEN PARENT HOLDINGS, INC.**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;(In thousands, except share amounts) | &nbsp;&nbsp;**November 30, 2022** | &nbsp;&nbsp;**February 28, 2022** |
|  | &nbsp;&nbsp;(Unaudited) |  |
| &nbsp;&nbsp;**Assets** |  |  |
| &nbsp;&nbsp;Cash and cash equivalents | &nbsp;&nbsp; $85688 | &nbsp;&nbsp; $155481 |
| &nbsp;&nbsp;Restricted cash | &nbsp;&nbsp;13130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19073 |
| &nbsp;&nbsp;Accounts receivable - net of allowance of $5,003 and $3,055 as of November 30, 2022 and February 28, 2022, respectively | &nbsp;&nbsp;149457 | &nbsp;&nbsp; 155341 |
| &nbsp;&nbsp;Prepaid expenses and other current assets  | &nbsp;&nbsp;26461 | &nbsp;&nbsp; 26243 |
| &nbsp;&nbsp;Total current assets | &nbsp;&nbsp;274736 | &nbsp;&nbsp;356138 |
| &nbsp;&nbsp;Goodwill | &nbsp;&nbsp; 3306233 | &nbsp;&nbsp;3756871 |
| &nbsp;&nbsp;Intangible assets, net | &nbsp;&nbsp;1095762 | &nbsp;&nbsp;1181390 |
| &nbsp;&nbsp;Property and equipment, net | &nbsp;&nbsp; 73104 | &nbsp;&nbsp;65937 |
| &nbsp;&nbsp;Operating lease right-of-use assets | &nbsp;&nbsp;21022 | &nbsp;&nbsp; 28102 |
| &nbsp;&nbsp;Other noncurrent assets | &nbsp;&nbsp;21525 | &nbsp;&nbsp; 17017 |
| &nbsp;&nbsp;Total assets | &nbsp;&nbsp; $4792382 | &nbsp;&nbsp; $5405455 |
| &nbsp;&nbsp;**Liabilities and Stockholders' Equity** |  |  |
| &nbsp;&nbsp;Accounts payable and accrued liabilities | &nbsp;&nbsp; $111202 | &nbsp;&nbsp; $128544 |
| &nbsp;&nbsp; Channel client deposits payable | &nbsp;&nbsp; 13130 | &nbsp;&nbsp; 19073 |
| &nbsp;&nbsp;Deferred revenue | &nbsp;&nbsp;173580 | &nbsp;&nbsp; 190992 |
| &nbsp;&nbsp;Payable to Logistyx sellers | &nbsp;&nbsp;1068 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;Current portion of notes payable | &nbsp;&nbsp; 20962 | &nbsp;&nbsp; 89097 |
| &nbsp;&nbsp;Current portion of operating lease obligations | &nbsp;&nbsp;8093 | &nbsp;&nbsp;7652 |
| &nbsp;&nbsp;Current portion of financing lease obligations | &nbsp;&nbsp;2002 | &nbsp;&nbsp;2307 |
| &nbsp;&nbsp;Income taxes payable | &nbsp;&nbsp;9768 | &nbsp;&nbsp;2702 |
| &nbsp;&nbsp;Total current liabilities | &nbsp;&nbsp;339805 | &nbsp;&nbsp;440367 |
| &nbsp;&nbsp;Long-term deferred revenue | &nbsp;&nbsp;2400 | &nbsp;&nbsp;1141 |
| &nbsp;&nbsp;Operating lease obligations | &nbsp;&nbsp;17462 | &nbsp;&nbsp; 21202 |
| &nbsp;&nbsp;Financing lease obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 1950 |
| &nbsp;&nbsp;Notes payable | &nbsp;&nbsp;1042459 | &nbsp;&nbsp;863577 |
| &nbsp;&nbsp;Tax receivable agreement liability | &nbsp;&nbsp;58176 | &nbsp;&nbsp;66590 |
| &nbsp;&nbsp;Warrant liability | &nbsp;&nbsp;30375 | &nbsp;&nbsp; 67139 |
| &nbsp;&nbsp;Contingent consideration | &nbsp;&nbsp;27808 | &nbsp;&nbsp;45568 |
| &nbsp;&nbsp;Deferred taxes | &nbsp;&nbsp;255207 | &nbsp;&nbsp; 413038 |
| &nbsp;&nbsp;Other noncurrent liabilities | &nbsp;&nbsp;973 | &nbsp;&nbsp; 712 |
| &nbsp;&nbsp;Total liabilities | &nbsp;&nbsp;1774665 | &nbsp;&nbsp; 1921284 |
| &nbsp;&nbsp;**Commitments and Contingencies (Note 27)** |  |  |
| &nbsp;&nbsp;**Stockholders' Equity** |  |  |
| &nbsp;&nbsp;Class A common stock; $0.0001 par value, 2,500,000,000 shares authorized; 302,452,552 and 301,536,621 issued and 302,275,898 and 301,359,967 outstanding as of November 30, 2022 and February 28, 2022, respectively | &nbsp;&nbsp;30 | &nbsp;&nbsp;31 |
| &nbsp;&nbsp;Class V common stock; $0.0001 par value; 42,747,890 shares authorized; 33,092,007 and 33,560,839 issued and outstanding as of November 30, 2022 and February 28, 2022, respectively | &nbsp;&nbsp;— | &nbsp;&nbsp; — |
| &nbsp;&nbsp;Series B-1 common stock; $0.0001 par value; 9,000,000 shares authorized; 94 shares issued and outstanding | &nbsp;&nbsp;— | &nbsp;&nbsp;— |
| &nbsp;&nbsp;Series B-2 common stock; $0.0001 par value; 4,000,000 shares authorized; 3,372,184 issued and outstanding | &nbsp;&nbsp;— | &nbsp;&nbsp;— |
| &nbsp;&nbsp;Additional paid-in capital | &nbsp;&nbsp;3374388 | &nbsp;&nbsp; 3362219 |
| &nbsp;&nbsp;Accumulated other comprehensive loss | &nbsp;&nbsp;(77732) | &nbsp;&nbsp; (19019) |
| &nbsp;&nbsp;Accumulated deficit | &nbsp;&nbsp;(530215) | &nbsp;&nbsp; (154976) |
| &nbsp;&nbsp;Treasury stock, at cost: 176,654 shares | &nbsp;&nbsp;(2473) | &nbsp;&nbsp; (2473) |
| &nbsp;&nbsp;Total E2open Parent Holdings, Inc. equity | &nbsp;&nbsp;2763998 | &nbsp;&nbsp; 3185782 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Noncontrolling interest | &nbsp;&nbsp; 253719 | &nbsp;&nbsp; 298389 |
| &nbsp;&nbsp;Total stockholders' equity | &nbsp;&nbsp;3017717 | &nbsp;&nbsp; 3484171 |
| &nbsp;&nbsp;Total liabilities and stockholders' equity | &nbsp;&nbsp; $4792382 | &nbsp;&nbsp; $5405455 |

---

------

**E2OPEN PARENT HOLDINGS, INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Nine Months Ended November 30,** | &nbsp;&nbsp;**Nine Months Ended November 30,** |
| &nbsp;&nbsp;(In thousands) | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;**2021** |
| &nbsp;&nbsp;**Cash flows from operating activities** |  |  |
| &nbsp;&nbsp;Net loss | &nbsp;&nbsp; $(416703) | &nbsp;&nbsp; $(257632) |
| &nbsp;&nbsp;Adjustments to reconcile net loss to net cash from operating activities: |  |  |
| &nbsp;&nbsp;Depreciation and amortization | &nbsp;&nbsp;159831 | &nbsp;&nbsp;91496 |
| &nbsp;&nbsp;Amortization of deferred commissions | &nbsp;&nbsp; 2878 | &nbsp;&nbsp;861 |
| &nbsp;&nbsp;Provision for credit losses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp; 527 |
| &nbsp;&nbsp;Amortization of debt issuance costs | &nbsp;&nbsp;3783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2389 |
| &nbsp;&nbsp;Amortization of operating lease right-of-use assets | &nbsp;&nbsp;5813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8290 |
| &nbsp;&nbsp;Share-based compensation | &nbsp;&nbsp;13139 | &nbsp;&nbsp;8534 |
| &nbsp;&nbsp;Deferred income taxes | &nbsp;&nbsp;(143012) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17768) |
| &nbsp;&nbsp;Right-of-use assets impairment charge | &nbsp;&nbsp; 4137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;Goodwill impairment charge | &nbsp;&nbsp;514816 | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Gain (loss) from change in tax receivable agreement liability | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9089) | &nbsp;&nbsp;4606 |
| &nbsp;&nbsp;(Gain) loss from change in fair value of warrant liability | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36764) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48448 |
| &nbsp;&nbsp;(Gain) loss from change in fair value of contingent consideration | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17760) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91180 |
| &nbsp;&nbsp;Loss (gain) on disposal of property and equipment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (233) |
| &nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;Accounts receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41320 |
| &nbsp;&nbsp;Prepaid expenses and other current assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7586) |
| &nbsp;&nbsp;Other noncurrent assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4094) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4489) |
| &nbsp;&nbsp;Accounts payable and accrued liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12946) | &nbsp;&nbsp; (6892) |
| &nbsp;&nbsp; Channel client deposits payable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5943) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2222 |
| &nbsp;&nbsp;Deferred revenue | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26899) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19927 |
| &nbsp;&nbsp;Changes in other liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4075) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2982 |
| &nbsp;&nbsp;Net cash provided by operating activities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28182 |
| &nbsp;&nbsp;**Cash flows from investing activities** |  |  |
| &nbsp;&nbsp;Payments for acquisitions - net of cash acquired | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (179243) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (774232) |
| &nbsp;&nbsp;Capital expenditures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40473) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24627) |
| &nbsp;&nbsp;Minority investment in private firm | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;Net cash used in investing activities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (222716) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (798859) |
| &nbsp;&nbsp;**Cash flows from financing activities** |  |  |
| &nbsp;&nbsp;Proceeds from PIPE investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 |
| &nbsp;&nbsp;Offering costs related to issuance of common stock in connection with<br>&nbsp;&nbsp;&nbsp;&nbsp; PIPE investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7100) |
| &nbsp;&nbsp;Proceeds from warrant exercise | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;Proceeds from indebtedness | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395000 |
| &nbsp;&nbsp;Repayments of indebtedness | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (103174) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18860) |
| &nbsp;&nbsp;Repayments of financing lease obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2312) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6457) |
| &nbsp;&nbsp;Repurchase of common stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2473) |
| &nbsp;&nbsp;Repurchase of Common Units | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1397) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16767) |
| &nbsp;&nbsp;Payments of debt issuance costs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4766) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10357) |
| &nbsp;&nbsp;Net cash provided by financing activities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632987 |
| &nbsp;&nbsp;Effect of exchange rate changes on cash and cash equivalents | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1657 |
| &nbsp;&nbsp;Net decrease in cash, cash equivalents and restricted cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (75736) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (136033) |
| &nbsp;&nbsp;**Cash, cash equivalents and restricted cash at beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207542 |
| &nbsp;&nbsp;**Cash, cash equivalents and restricted cash at end of period** | &nbsp;&nbsp;$98818 | &nbsp;&nbsp; $71509 |
| &nbsp;&nbsp;**Reconciliation of cash, cash equivalents and restricted cash:** |  |  |
| &nbsp;&nbsp;Cash and cash equivalents | &nbsp;&nbsp; $85688 | &nbsp;&nbsp; $56462 |
| &nbsp;&nbsp;Restricted cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15047 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Total cash, cash equivalents and restricted cash | &nbsp;&nbsp; $98818 | &nbsp;&nbsp; $71509 |

---

------

**E2OPEN PARENT HOLDINGS, INC.**

**RECONCILIATION OF PRO FORMA INFORMATION** 

**TABLE I**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;(in millions) | &nbsp;&nbsp;**Q3**<br> **FY2023** | &nbsp;&nbsp;**Q3**<br> **FY2022(1)**  | &nbsp;&nbsp;**$ Var**  | &nbsp;&nbsp;**% Var**  |
| &nbsp;&nbsp;**PRO FORMA REVENUE RECONCILIATION** |  |  |  |  |
| &nbsp;&nbsp;**Total GAAP Revenue**  | &nbsp;&nbsp;**164.9** | &nbsp;&nbsp;**137.0** | &nbsp;&nbsp;**27.9** | &nbsp;&nbsp;**20.4%** |
| &nbsp;&nbsp;Deferred revenue purchase accounting adjustment (2)  | &nbsp;&nbsp;- | &nbsp;&nbsp;10.4 | &nbsp;&nbsp;(10.4) | &nbsp;&nbsp;n/m  |
| &nbsp;&nbsp;Logistyx pre-acquisition revenue  | &nbsp;&nbsp;- | &nbsp;&nbsp;10.6 | &nbsp;&nbsp;(10.6) | &nbsp;&nbsp; n/m |
| &nbsp;&nbsp;**Total non-GAAP revenue** | &nbsp;&nbsp;**164.9** | &nbsp;&nbsp;**157.9** | &nbsp;&nbsp;**6.9**  | &nbsp;&nbsp;**4.4%** |
| &nbsp;&nbsp;Constant currency FX impact (3) | &nbsp;&nbsp;3.6 | &nbsp;&nbsp;- | &nbsp;&nbsp;3.6  | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Total non-GAAP revenue (constant currency basis) (4)** | &nbsp;&nbsp;**$168.5**  | &nbsp;&nbsp;**$157.9**  | &nbsp;&nbsp;**$10.6**  | &nbsp;&nbsp;**6.7%** |
| &nbsp;&nbsp;**GAAP Subscription Revenue**  | &nbsp;&nbsp;**134.9** | &nbsp;&nbsp;**107.0** | &nbsp;&nbsp;**27.9** | &nbsp;&nbsp;**26.1%** |
| &nbsp;&nbsp;Deferred revenue purchase accounting adjustment (2)  | &nbsp;&nbsp;- | &nbsp;&nbsp;10.4 | &nbsp;&nbsp;(10.4) | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;Logistyx pre-acquisition revenue  | &nbsp;&nbsp;- | &nbsp;&nbsp;7.5 | &nbsp;&nbsp;(7.5) | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Non-GAAP subscription revenue**  | &nbsp;&nbsp;**134.9** | &nbsp;&nbsp;**124.9** | &nbsp;&nbsp;**10.0** | &nbsp;&nbsp;**8.0%** |
| &nbsp;&nbsp;Constant currency FX impact (3) | &nbsp;&nbsp;2.7 | &nbsp;&nbsp;- | &nbsp;&nbsp;2.7 | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Non-GAAP subscription revenue (constant currency basis) (4)** | &nbsp;&nbsp;**$137.6**  | &nbsp;&nbsp;**$124.9**  | &nbsp;&nbsp;**$12.7**  | &nbsp;&nbsp;**10.2%** |
| &nbsp;&nbsp;**GAAP Professional Services and other revenue** | &nbsp;&nbsp;**30.0** | &nbsp;&nbsp;**30.0** | &nbsp;&nbsp;**0.0** | &nbsp;&nbsp;**-0.1%** |
| &nbsp;&nbsp;Logistyx pre-acquisition revenue  | &nbsp;&nbsp;- | &nbsp;&nbsp;3.0 | &nbsp;&nbsp;(3.0) | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Non-GAAP professional services and other revenue**  | &nbsp;&nbsp;**30.0** | &nbsp;&nbsp;**33.1** | &nbsp;&nbsp;**(3.0)** | &nbsp;&nbsp;**-9.2%** |
| &nbsp;&nbsp;Constant currency FX impact (3) | &nbsp;&nbsp;0.9 | &nbsp;&nbsp;- | &nbsp;&nbsp;0.9  | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Non-GAAP professional services and other revenue (constant currency basis) (4)** | &nbsp;&nbsp;**$30.9**  | &nbsp;&nbsp;**$33.1**  | &nbsp;&nbsp;**($2.2)** | &nbsp;&nbsp;**-6.6%** |
| &nbsp;&nbsp;**PRO FORMA GROSS PROFIT RECONCILIATION** |  |  |  |  |
| &nbsp;&nbsp;**GAAP Gross profit**  | &nbsp;&nbsp;**84.1** | &nbsp;&nbsp;**64.2** | &nbsp;&nbsp;**19.9** | &nbsp;&nbsp;**31.0%** |
| &nbsp;&nbsp;Deferred revenue purchase accounting adjustment (2)  | &nbsp;&nbsp;- | &nbsp;&nbsp;10.4 | &nbsp;&nbsp;(10.4) | &nbsp;&nbsp;n/m  |
| &nbsp;&nbsp;Depreciation and amortization  | &nbsp;&nbsp;28.4 | &nbsp;&nbsp;27.8 | &nbsp;&nbsp;0.6  | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;Share-based compensation (5)  | &nbsp;&nbsp;0.5 | &nbsp;&nbsp;0.5 | &nbsp;&nbsp;0.1  | &nbsp;&nbsp; n/m |
| &nbsp;&nbsp;Non-recurring/non-operating costs (6)  | &nbsp;&nbsp;0.5 | &nbsp;&nbsp;0.5 | &nbsp;&nbsp;0.0  | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Non-GAAP gross profit**  | &nbsp;&nbsp;**$113.6**  | &nbsp;&nbsp;**$103.4**  | &nbsp;&nbsp;**$10.2**  | &nbsp;&nbsp;**9.9%** |
| &nbsp;&nbsp;Logistyx pre-acquisition gross profit  | &nbsp;&nbsp;- | &nbsp;&nbsp;4.9 | &nbsp;&nbsp;(4.9) | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Total non-GAAP gross profit** | &nbsp;&nbsp;**$113.6**  | &nbsp;&nbsp;**$108.3**  | &nbsp;&nbsp;**$5.3**  | &nbsp;&nbsp;**4.9%** |
| &nbsp;&nbsp;**Non-GAAP Gross Margin %**  | &nbsp;&nbsp;**68.9%** | &nbsp;&nbsp;**68.6%** |  |  |
| &nbsp;&nbsp;Constant currency FX impact (3) | &nbsp;&nbsp;1.3 | &nbsp;&nbsp;- | &nbsp;&nbsp;1.3 | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Total non-GAAP gross profit (constant currency basis) (4)** | &nbsp;&nbsp;**$114.9**  | &nbsp;&nbsp;**$108.3**  | &nbsp;&nbsp;**$6.6**  | &nbsp;&nbsp;**6.1%** |
| &nbsp;&nbsp;**Non-GAAP Gross Margin % (constant currency basis) (4)** | &nbsp;&nbsp;**68.2%** | &nbsp;&nbsp;**68.6%** |  |  |
| &nbsp;&nbsp;**PRO FORMA ADJUSTED EBITDA RECONCILIATION**  |  |  |  |  |
| &nbsp;&nbsp;**Net income (loss)**  | &nbsp;&nbsp;**5.5**  | &nbsp;&nbsp;**(64.3)** | &nbsp;&nbsp;**69.8**  | &nbsp;&nbsp;**n/m** |
| &nbsp;&nbsp;Interest expense, net  | &nbsp;&nbsp;19.5  | &nbsp;&nbsp;10.0  | &nbsp;&nbsp;9.5  | &nbsp;&nbsp;95.5% |
| &nbsp;&nbsp;Income tax benefit  | &nbsp;&nbsp;(7.9) | &nbsp;&nbsp;(10.8) | &nbsp;&nbsp;2.9  | &nbsp;&nbsp;n/m |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Depreciation and amortization  | &nbsp;&nbsp;52.5  | &nbsp;&nbsp;50.5  | &nbsp;&nbsp;2.0  | &nbsp;&nbsp;3.9% |
| &nbsp;&nbsp;**EBITDA**  | &nbsp;&nbsp;**$69.6**  | &nbsp;&nbsp;**($14.6)** | &nbsp;&nbsp;**$84.2**  | &nbsp;&nbsp;**n/m** |
| &nbsp;&nbsp;Deferred revenue purchase accounting adjustment (2)  | &nbsp;&nbsp;- | &nbsp;&nbsp;10.4 | &nbsp;&nbsp;(10.4) | &nbsp;&nbsp;n/m  |
| &nbsp;&nbsp;Share-based compensation (5)  | &nbsp;&nbsp;4.8 | &nbsp;&nbsp;4.0 | &nbsp;&nbsp;0.8  | &nbsp;&nbsp;19.1% |
| &nbsp;&nbsp;Non-recurring/non-operating costs (6)  | &nbsp;&nbsp;3.2 | &nbsp;&nbsp;3.0 | &nbsp;&nbsp;0.2  | &nbsp;&nbsp;n/m  |
| &nbsp;&nbsp;Acquisition-related adjustments (7)  | &nbsp;&nbsp;2.0 | &nbsp;&nbsp;33.2 | &nbsp;&nbsp;(31.2) | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;Change in tax receivable agreement liability (8)  | &nbsp;&nbsp;(2.7) | &nbsp;&nbsp;1.5 | &nbsp;&nbsp;(4.2) | &nbsp;&nbsp;n/m  |
| &nbsp;&nbsp;Change in fair value of warrant liability (9)  | &nbsp;&nbsp;(16.2) | &nbsp;&nbsp;7.2  | &nbsp;&nbsp;(23.4) | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;Change in fair value of contingent consideration (10)  | &nbsp;&nbsp;(6.3) | &nbsp;&nbsp;1.1  | &nbsp;&nbsp;(7.4) | &nbsp;&nbsp;n/m  |
| &nbsp;&nbsp;Right-of-use assets impairment charge | &nbsp;&nbsp;1.8  | &nbsp;&nbsp;0.0  | &nbsp;&nbsp;1.8  | &nbsp;&nbsp;n/m  |
| &nbsp;&nbsp;**Adjusted EBITDA**  | &nbsp;&nbsp;**$56.2**  | &nbsp;&nbsp;**$45.9**  | &nbsp;&nbsp;**$10.3**  | &nbsp;&nbsp;**22.4%** |
| &nbsp;&nbsp;Logistyx pre-acquisition EBITDA and other | &nbsp;&nbsp;- | &nbsp;&nbsp;0.1  | &nbsp;&nbsp;(0.1) | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Total adjusted EBITDA**  | &nbsp;&nbsp;**$56.2**  | &nbsp;&nbsp;**$46.0**  | &nbsp;&nbsp;**$10.2**  | &nbsp;&nbsp;**22.1%** |
| &nbsp;&nbsp;**Adjusted EBITDA Margin %**  | &nbsp;&nbsp;**34.1%** | &nbsp;&nbsp;**29.1%** |  |  |
| &nbsp;&nbsp;Constant currency FX impact (3) | &nbsp;&nbsp;(1.3) | &nbsp;&nbsp;- | &nbsp;&nbsp;(1.3) | &nbsp;&nbsp;n/m |
| &nbsp;&nbsp;**Total adjusted EBITDA (constant currency basis) (4)** | &nbsp;&nbsp;**$54.9**  | &nbsp;&nbsp;**$46.0**  | &nbsp;&nbsp;**$8.9**  | &nbsp;&nbsp;**19.3%** |
| &nbsp;&nbsp;**Adjusted EBITDA Margin % (constant currency basis) (4)** | &nbsp;&nbsp;**32.6%** | &nbsp;&nbsp;**29.1%** |  |  |
| &nbsp;&nbsp;(1) Non-GAAP pro forma inclusive of Logistyx, as if acquired on March 1, 2021. | &nbsp;&nbsp;(1) Non-GAAP pro forma inclusive of Logistyx, as if acquired on March 1, 2021. | &nbsp;&nbsp;(1) Non-GAAP pro forma inclusive of Logistyx, as if acquired on March 1, 2021. | &nbsp;&nbsp;(1) Non-GAAP pro forma inclusive of Logistyx, as if acquired on March 1, 2021. | &nbsp;&nbsp;(1) Non-GAAP pro forma inclusive of Logistyx, as if acquired on March 1, 2021. |
| &nbsp;&nbsp;(2) Non-GAAP revenue adds back amortization of the purchase accounting fair value adjustment to deferred revenue resulting for the business combination as required by GAAP. This is no longer required beginning in fiscal year 2023. | &nbsp;&nbsp;(2) Non-GAAP revenue adds back amortization of the purchase accounting fair value adjustment to deferred revenue resulting for the business combination as required by GAAP. This is no longer required beginning in fiscal year 2023. | &nbsp;&nbsp;(2) Non-GAAP revenue adds back amortization of the purchase accounting fair value adjustment to deferred revenue resulting for the business combination as required by GAAP. This is no longer required beginning in fiscal year 2023. | &nbsp;&nbsp;(2) Non-GAAP revenue adds back amortization of the purchase accounting fair value adjustment to deferred revenue resulting for the business combination as required by GAAP. This is no longer required beginning in fiscal year 2023. | &nbsp;&nbsp;(2) Non-GAAP revenue adds back amortization of the purchase accounting fair value adjustment to deferred revenue resulting for the business combination as required by GAAP. This is no longer required beginning in fiscal year 2023. |
| &nbsp;&nbsp;(3) Constant Currency refers to pro forma amounts excluding the impact of translating foreign currencies into U.S. dollars. To calculate foreign currency translation on a constant currency basis, operating results for the current year period for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the exchange rates in effect during the comparable period of the prior year (rather than the actual exchange rates in effect during the current year period) | &nbsp;&nbsp;(3) Constant Currency refers to pro forma amounts excluding the impact of translating foreign currencies into U.S. dollars. To calculate foreign currency translation on a constant currency basis, operating results for the current year period for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the exchange rates in effect during the comparable period of the prior year (rather than the actual exchange rates in effect during the current year period) | &nbsp;&nbsp;(3) Constant Currency refers to pro forma amounts excluding the impact of translating foreign currencies into U.S. dollars. To calculate foreign currency translation on a constant currency basis, operating results for the current year period for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the exchange rates in effect during the comparable period of the prior year (rather than the actual exchange rates in effect during the current year period) | &nbsp;&nbsp;(3) Constant Currency refers to pro forma amounts excluding the impact of translating foreign currencies into U.S. dollars. To calculate foreign currency translation on a constant currency basis, operating results for the current year period for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the exchange rates in effect during the comparable period of the prior year (rather than the actual exchange rates in effect during the current year period) | &nbsp;&nbsp;(3) Constant Currency refers to pro forma amounts excluding the impact of translating foreign currencies into U.S. dollars. To calculate foreign currency translation on a constant currency basis, operating results for the current year period for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the exchange rates in effect during the comparable period of the prior year (rather than the actual exchange rates in effect during the current year period) |
| &nbsp;&nbsp;(4) Constant Currency refers to pro forma amounts excluding translation and transactional impacts from foreign currency exchange rates. | &nbsp;&nbsp;(4) Constant Currency refers to pro forma amounts excluding translation and transactional impacts from foreign currency exchange rates. | &nbsp;&nbsp;(4) Constant Currency refers to pro forma amounts excluding translation and transactional impacts from foreign currency exchange rates. | &nbsp;&nbsp;(4) Constant Currency refers to pro forma amounts excluding translation and transactional impacts from foreign currency exchange rates. | &nbsp;&nbsp;(4) Constant Currency refers to pro forma amounts excluding translation and transactional impacts from foreign currency exchange rates. |
| &nbsp;&nbsp;(5) Reflects non-cash, long-term share-based compensation expense, primarily related to senior management. | &nbsp;&nbsp;(5) Reflects non-cash, long-term share-based compensation expense, primarily related to senior management. | &nbsp;&nbsp;(5) Reflects non-cash, long-term share-based compensation expense, primarily related to senior management. | &nbsp;&nbsp;(5) Reflects non-cash, long-term share-based compensation expense, primarily related to senior management. | &nbsp;&nbsp;(5) Reflects non-cash, long-term share-based compensation expense, primarily related to senior management. |
| &nbsp;&nbsp;(6) Primarily includes other non-recurring expenses such as systems integrations, legal entity rationalization and consulting and advisory fees. | &nbsp;&nbsp;(6) Primarily includes other non-recurring expenses such as systems integrations, legal entity rationalization and consulting and advisory fees. | &nbsp;&nbsp;(6) Primarily includes other non-recurring expenses such as systems integrations, legal entity rationalization and consulting and advisory fees. | &nbsp;&nbsp;(6) Primarily includes other non-recurring expenses such as systems integrations, legal entity rationalization and consulting and advisory fees. | &nbsp;&nbsp;(6) Primarily includes other non-recurring expenses such as systems integrations, legal entity rationalization and consulting and advisory fees. |
| &nbsp;&nbsp;(7) Primarily includes advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including costs related to the business combination, as well as the BluJay and Logistyx acquisitions.  | &nbsp;&nbsp;(7) Primarily includes advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including costs related to the business combination, as well as the BluJay and Logistyx acquisitions.  | &nbsp;&nbsp;(7) Primarily includes advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including costs related to the business combination, as well as the BluJay and Logistyx acquisitions.  | &nbsp;&nbsp;(7) Primarily includes advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including costs related to the business combination, as well as the BluJay and Logistyx acquisitions.  | &nbsp;&nbsp;(7) Primarily includes advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including costs related to the business combination, as well as the BluJay and Logistyx acquisitions.  |
| &nbsp;&nbsp;(8) Represents the expense related to the change in the fair value of the tax receivable agreement liability, including interest. | &nbsp;&nbsp;(8) Represents the expense related to the change in the fair value of the tax receivable agreement liability, including interest. | &nbsp;&nbsp;(8) Represents the expense related to the change in the fair value of the tax receivable agreement liability, including interest. | &nbsp;&nbsp;(8) Represents the expense related to the change in the fair value of the tax receivable agreement liability, including interest. | &nbsp;&nbsp;(8) Represents the expense related to the change in the fair value of the tax receivable agreement liability, including interest. |
| &nbsp;&nbsp;(9) Represents the fair value adjustment at each balance sheet date of the warrant liability related to the public, private placement and forward purchase warrants. | &nbsp;&nbsp;(9) Represents the fair value adjustment at each balance sheet date of the warrant liability related to the public, private placement and forward purchase warrants. | &nbsp;&nbsp;(9) Represents the fair value adjustment at each balance sheet date of the warrant liability related to the public, private placement and forward purchase warrants. | &nbsp;&nbsp;(9) Represents the fair value adjustment at each balance sheet date of the warrant liability related to the public, private placement and forward purchase warrants. | &nbsp;&nbsp;(9) Represents the fair value adjustment at each balance sheet date of the warrant liability related to the public, private placement and forward purchase warrants. |
| &nbsp;&nbsp;(10) Represents the fair value adjustment at each balance sheet date of the contingent consideration liability related to the restricted Series B-2 common stock.  | &nbsp;&nbsp;(10) Represents the fair value adjustment at each balance sheet date of the contingent consideration liability related to the restricted Series B-2 common stock.  | &nbsp;&nbsp;(10) Represents the fair value adjustment at each balance sheet date of the contingent consideration liability related to the restricted Series B-2 common stock.  | &nbsp;&nbsp;(10) Represents the fair value adjustment at each balance sheet date of the contingent consideration liability related to the restricted Series B-2 common stock.  | &nbsp;&nbsp;(10) Represents the fair value adjustment at each balance sheet date of the contingent consideration liability related to the restricted Series B-2 common stock.  |

---

------

**E2OPEN PARENT HOLDINGS, INC.**

**RECONCILIATION OF NON-GAAP EXPENSES**

**TABLE II**

**Fiscal Third Quarter 2023**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;(in millions, except per share amounts) | &nbsp;&nbsp;&nbsp;**GAAP** | &nbsp;&nbsp;**M&A Related(1)** <br>**&**<br> **Non-recurring(2)** | &nbsp;&nbsp;**Impairment**<br> **Charges (3)** | &nbsp;&nbsp;&nbsp;**Depreciation & Amortization** | &nbsp;&nbsp;&nbsp;**Share-Based Compensation** | &nbsp;&nbsp;**Non-GAAP**<br> **(Adjusted)** | &nbsp;&nbsp;&nbsp;**% of Revenue** |
| &nbsp;&nbsp;&nbsp;**COST OF GOODS** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Subscriptions | &nbsp;&nbsp;&nbsp;35.9 | &nbsp;&nbsp;&nbsp;(0.3) | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;(3.7) | &nbsp;&nbsp;&nbsp;(0.3) | &nbsp;&nbsp;&nbsp;31.6 | &nbsp;&nbsp;&nbsp;23.5% |
| &nbsp;&nbsp;&nbsp;Professional services and other | &nbsp;&nbsp;&nbsp;20.4 | &nbsp;&nbsp;&nbsp;(0.2) | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;(0.3) | &nbsp;&nbsp;&nbsp;(0.3) | &nbsp;&nbsp;&nbsp;19.7 | &nbsp;&nbsp;&nbsp;65.6% |
| &nbsp;&nbsp;&nbsp;Amortization of intangibles | &nbsp;&nbsp;&nbsp;24.4 | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;(24.4) | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;- |  |
| &nbsp;&nbsp;&nbsp;**Total cost of revenue** | &nbsp;&nbsp;&nbsp;**$80.8**  | &nbsp;&nbsp;&nbsp;**($0.5)** | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;**($28.4)** | &nbsp;&nbsp;&nbsp;**($0.5)** | &nbsp;&nbsp;&nbsp;**$51.3**  | &nbsp;&nbsp;&nbsp;**31.1%** |
| &nbsp;&nbsp;&nbsp;**Gross Profit** | &nbsp;&nbsp;&nbsp;**$84.1**  | &nbsp;&nbsp;&nbsp;**$0.5**  | &nbsp;&nbsp;&nbsp;**$0.0**  | &nbsp;&nbsp;&nbsp;**$28.4**  | &nbsp;&nbsp;&nbsp;**$0.5**  | &nbsp;&nbsp;&nbsp;**$113.6**  | &nbsp;&nbsp;&nbsp;**68.9%** |
| &nbsp;&nbsp;&nbsp;**OPERATING COSTS** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Research & development | &nbsp;&nbsp;&nbsp;24.9 | &nbsp;&nbsp;&nbsp;(0.0) | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;(3.1) | &nbsp;&nbsp;&nbsp;(0.9) | &nbsp;&nbsp;&nbsp;20.9 | &nbsp;&nbsp;&nbsp;12.7% |
| &nbsp;&nbsp;&nbsp;Sales & marketing | &nbsp;&nbsp;&nbsp;20.5 | &nbsp;&nbsp;&nbsp;(0.3) | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;(0.3) | &nbsp;&nbsp;&nbsp;(0.9) | &nbsp;&nbsp;&nbsp;19.0 | &nbsp;&nbsp;&nbsp;11.5% |
| &nbsp;&nbsp;&nbsp;General & administrative (3) | &nbsp;&nbsp;&nbsp;23.1 | &nbsp;&nbsp;&nbsp;(0.6) | &nbsp;&nbsp;&nbsp;(1.8) | &nbsp;&nbsp;&nbsp;(0.7) | &nbsp;&nbsp;&nbsp;(2.4) | &nbsp;&nbsp;&nbsp;17.6 | &nbsp;&nbsp;&nbsp;10.7% |
| &nbsp;&nbsp;&nbsp;Acquisition related expenses | &nbsp;&nbsp;&nbsp;2.0 | &nbsp;&nbsp;&nbsp;(2.0) | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;- |  |
| &nbsp;&nbsp;&nbsp;Amortization of intangibles | &nbsp;&nbsp;&nbsp;20.0 | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;(20.0) | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;- |  |
| &nbsp;&nbsp;&nbsp;**Total operating expenses** | &nbsp;&nbsp;&nbsp;**$90.4**  | &nbsp;&nbsp;&nbsp;**($2.9)** | &nbsp;&nbsp;&nbsp;**($1.8)** | &nbsp;&nbsp;&nbsp;**($24.1)** | &nbsp;&nbsp;&nbsp;**($4.3)** | &nbsp;&nbsp;&nbsp;**$57.5**  | &nbsp;&nbsp;&nbsp;**34.8%** |
| &nbsp;&nbsp;(1) Expense adjustments primarily related to advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including the business combination and the BluJay and Logistyx acquisitions. | &nbsp;&nbsp;(1) Expense adjustments primarily related to advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including the business combination and the BluJay and Logistyx acquisitions. | &nbsp;&nbsp;(1) Expense adjustments primarily related to advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including the business combination and the BluJay and Logistyx acquisitions. | &nbsp;&nbsp;(1) Expense adjustments primarily related to advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including the business combination and the BluJay and Logistyx acquisitions. | &nbsp;&nbsp;(1) Expense adjustments primarily related to advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including the business combination and the BluJay and Logistyx acquisitions. | &nbsp;&nbsp;(1) Expense adjustments primarily related to advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including the business combination and the BluJay and Logistyx acquisitions. | &nbsp;&nbsp;(1) Expense adjustments primarily related to advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including the business combination and the BluJay and Logistyx acquisitions. | &nbsp;&nbsp;(1) Expense adjustments primarily related to advisory, consulting, accounting and legal expenses incurred in connection with mergers and acquisitions activities, including related valuation, negotiation and integration costs and capital-raising activities, including the business combination and the BluJay and Logistyx acquisitions. |
| &nbsp;&nbsp;(2) Primarily includes other non-recurring expenses such as systems integrations and consulting, advisory fees, and executive severance costs. | &nbsp;&nbsp;(2) Primarily includes other non-recurring expenses such as systems integrations and consulting, advisory fees, and executive severance costs. | &nbsp;&nbsp;(2) Primarily includes other non-recurring expenses such as systems integrations and consulting, advisory fees, and executive severance costs. | &nbsp;&nbsp;(2) Primarily includes other non-recurring expenses such as systems integrations and consulting, advisory fees, and executive severance costs. | &nbsp;&nbsp;(2) Primarily includes other non-recurring expenses such as systems integrations and consulting, advisory fees, and executive severance costs. | &nbsp;&nbsp;(2) Primarily includes other non-recurring expenses such as systems integrations and consulting, advisory fees, and executive severance costs. | &nbsp;&nbsp;(2) Primarily includes other non-recurring expenses such as systems integrations and consulting, advisory fees, and executive severance costs. | &nbsp;&nbsp;(2) Primarily includes other non-recurring expenses such as systems integrations and consulting, advisory fees, and executive severance costs. |
| &nbsp;&nbsp;(3) The company recognized a right-of-use asset impairment charge of $1.8M in G&A in Q3 FY23. | &nbsp;&nbsp;(3) The company recognized a right-of-use asset impairment charge of $1.8M in G&A in Q3 FY23. | &nbsp;&nbsp;(3) The company recognized a right-of-use asset impairment charge of $1.8M in G&A in Q3 FY23. | &nbsp;&nbsp;(3) The company recognized a right-of-use asset impairment charge of $1.8M in G&A in Q3 FY23. | &nbsp;&nbsp;(3) The company recognized a right-of-use asset impairment charge of $1.8M in G&A in Q3 FY23. | &nbsp;&nbsp;(3) The company recognized a right-of-use asset impairment charge of $1.8M in G&A in Q3 FY23. | &nbsp;&nbsp;(3) The company recognized a right-of-use asset impairment charge of $1.8M in G&A in Q3 FY23. | &nbsp;&nbsp;(3) The company recognized a right-of-use asset impairment charge of $1.8M in G&A in Q3 FY23. |

---

------

**E2OPEN PARENT HOLDINGS, INC.**

**RECONCILIATION OF ADJUSTED EARNINGS PER SHARE**

**TABLE III**

**Fiscal Third Quarter 2023**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**GAAP Net Income** | &nbsp;&nbsp;**5.5**  |
| &nbsp;&nbsp;Interest Expense | &nbsp;&nbsp;19.5 |
| &nbsp;&nbsp;Income Taxes Provision | &nbsp;&nbsp;(7.9) |
| &nbsp;&nbsp;Depreciation & Amortization | &nbsp;&nbsp;52.5 |
| &nbsp;&nbsp;**EBITDA** | &nbsp;&nbsp;**$69.6**  |
| &nbsp;&nbsp;Share-based compensation | &nbsp;&nbsp;4.8 |
| &nbsp;&nbsp;Non-recurring/non-operating costs  | &nbsp;&nbsp;3.2 |
| &nbsp;&nbsp;Acquisition-related adjustments  | &nbsp;&nbsp;2.0 |
| &nbsp;&nbsp;Change in tax receivable agreement liability | &nbsp;&nbsp;(2.7) |
| &nbsp;&nbsp;Change in fair value of warrant liability | &nbsp;&nbsp;(16.2) |
| &nbsp;&nbsp;Change in fair value of contingent consideration | &nbsp;&nbsp;(6.3) |
| &nbsp;&nbsp;Right-of-use assets impairment charge  | &nbsp;&nbsp;1.8  |
| &nbsp;&nbsp;**Adjusted EBITDA** | &nbsp;&nbsp;**$56.2**  |
| &nbsp;&nbsp;Depreciation | &nbsp;&nbsp;(8.1) |
| &nbsp;&nbsp;Interest and other expense, net | &nbsp;&nbsp;(19.5) |
| &nbsp;&nbsp;**Adjusted EBT** | &nbsp;&nbsp;**$28.6**  |
| &nbsp;&nbsp;Normalized income taxes (1) | &nbsp;&nbsp;(6.9) |
| &nbsp;&nbsp;**Adjusted net income** | &nbsp;&nbsp;**$21.7**  |
| &nbsp;&nbsp;Adjusted basic shares outstanding | &nbsp;&nbsp;341.4 |
| &nbsp;&nbsp;**Adjusted earnings per share** | &nbsp;&nbsp;$0.06  |
| &nbsp;&nbsp;1. Income taxes calculated using 24% effective rate |  |

---

------

**E2OPEN PARENT HOLDINGS, INC.**

**ADJUSTED UNLEVERED FREE CASH FLOW CONVERSION** <sup>(1)</sup>

**TABLE IV**

---

| | |
|:---|:---|
| &nbsp;&nbsp;(in millions)  | &nbsp;&nbsp;**Q3 FY23** |
| &nbsp;&nbsp;Adjusted EBITDA | &nbsp;&nbsp;$56.2 |
| &nbsp;&nbsp;Normalized capital expenditures | &nbsp;&nbsp;($5.8) |
| &nbsp;&nbsp;**Adjusted Unlevered Free Cash Flow** | &nbsp;&nbsp;**$50.4** |
| &nbsp;&nbsp;GAAP Revenue | &nbsp;&nbsp;$164.9 |
| &nbsp;&nbsp;Free Cash Flow % of GAAP revenue | &nbsp;&nbsp;30.5% |
| &nbsp;&nbsp;Free Cash Flow % of adjusted EBITDA | &nbsp;&nbsp;89.7% |
| &nbsp;&nbsp;Capital expenditures | &nbsp;&nbsp;($8.9) |
| &nbsp;&nbsp;Less M+A related capital expenditures (2) | &nbsp;&nbsp;$3.1  |
| &nbsp;&nbsp;Normalized capital expenditures | &nbsp;&nbsp;($5.8) |
| &nbsp;&nbsp;1. Adjusted unlevered free cash flow is a performance metric that illustrates the cash available through the operations of the business after normalized capital expenditures excluding interest, taxes, acquisition-related expenses and non-recurring/non-operating costs. Non-cash expenses are also excluded from this metric. Non-cash expenses include changes in the tax receivable agreement liability, changes in the fair value of warrants, changes in the fair value of contingent consideration and share-based compensation. | &nbsp;&nbsp;1. Adjusted unlevered free cash flow is a performance metric that illustrates the cash available through the operations of the business after normalized capital expenditures excluding interest, taxes, acquisition-related expenses and non-recurring/non-operating costs. Non-cash expenses are also excluded from this metric. Non-cash expenses include changes in the tax receivable agreement liability, changes in the fair value of warrants, changes in the fair value of contingent consideration and share-based compensation. |
| &nbsp;&nbsp;2. Primarily includes hardware and software purchases for integrating data center operations of newly acquired companies | &nbsp;&nbsp;2. Primarily includes hardware and software purchases for integrating data center operations of newly acquired companies |
| &nbsp;&nbsp; <br>**Net Income to Adjusted EBITDA** | &nbsp;&nbsp; <br>**Net Income to Adjusted EBITDA** |
| &nbsp;&nbsp;($ in millions) | &nbsp;&nbsp;**Q3 FY23** |
| &nbsp;&nbsp;**GAAP Net Income** | &nbsp;&nbsp;**5.5** |
| &nbsp;&nbsp;Interest Expense | &nbsp;&nbsp;19.5 |
| &nbsp;&nbsp;Income Tax Benefit | &nbsp;&nbsp;(7.9) |
| &nbsp;&nbsp;Depreciation & Amortization | &nbsp;&nbsp;$52.5  |
| &nbsp;&nbsp;**EBITDA** | &nbsp;&nbsp;**$69.6**  |
| &nbsp;&nbsp;Share-based compensation | &nbsp;&nbsp;4.8 |
| &nbsp;&nbsp;Non-recurring/non-operating costs  | &nbsp;&nbsp;3.2 |
| &nbsp;&nbsp;Acquisition-related adjustments  | &nbsp;&nbsp;2.0 |
| &nbsp;&nbsp;Change in tax receivable agreement liability | &nbsp;&nbsp;(2.7) |
| &nbsp;&nbsp;Change in fair value of warrant liability | &nbsp;&nbsp;(16.2) |
| &nbsp;&nbsp;Change in fair value of contingent consideration | &nbsp;&nbsp;(6.3) |
| &nbsp;&nbsp;Right-of-use assets impairment charge  | &nbsp;&nbsp;1.8  |
| &nbsp;&nbsp;**Adjusted EBITDA**  | &nbsp;&nbsp;**$56.2** |

---

------

**E2OPEN PARENT HOLDINGS, INC.**

**CONSOLIDATED CAPITAL** 

**TABLE V**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Description** | &nbsp;&nbsp;**Shares (000's)** | &nbsp;&nbsp;**Notes** |
| &nbsp;&nbsp;Shares outstanding as of November 30, 2022 | &nbsp;&nbsp;302275 | &nbsp;&nbsp;Shares outstanding as of third quarter fiscal 2023 |
| &nbsp;&nbsp;Common Units | &nbsp;&nbsp;33092 | &nbsp;&nbsp;Units issued in the business combination that have not yet been converted from common units in the LLC to Class A shares of E2open Parent Holdings, Inc. (Common units yet to be converted are represented by class V shares) |
| &nbsp;&nbsp;Series B-2 shares (unvested) | &nbsp;&nbsp;3372 | &nbsp;&nbsp;Series B-2 shares issued in the Business Combination that vest when the 20-day VWAP reaches $15.00 |
| &nbsp;&nbsp;Series 2 common units (unvested) | &nbsp;&nbsp;2628 | &nbsp;&nbsp;Represent rights in the LLC that convert into common units when the 20-day VWAP reaches $15.00. Upon conversion to common units, the holder can elect to convert into Class A common stock |
| &nbsp;&nbsp;**Adjusted Basic Shares** | &nbsp;&nbsp;**341367** |  |
| &nbsp;&nbsp;Warrants | &nbsp;&nbsp;29080 | &nbsp;&nbsp;Warrants outstanding as of third quarter fiscal 2023 with an exercise price of $11.50 |
| &nbsp;&nbsp;Incentive plan options (unvested) | &nbsp;&nbsp;4833 | &nbsp;&nbsp;Options issued to management and directors under E2open's long-term incentive plan |
| &nbsp;&nbsp;Incentive plan restricted shares (unvested) | &nbsp;&nbsp;6618 | &nbsp;&nbsp;Restricted shares issued to management and directors under E2open's long-term incentive plan |
| &nbsp;&nbsp;**Fully converted shares** | &nbsp;&nbsp;**381898** |  |

---

------