AIR Highlights Key Financial Details Following Nasdaq Listing

AIR Global Plc (Nasdaq: AIIR) (“AIR” or the “Company”), a leading producer of flavored shisha molasses and a developer of advanced inhalation technologies, is pleased to highlight key operating and financial metrics following its recent listing on the Nasdaq Stock Market. As of June 5, 2026, the Company’s closing price on Nasdaq was US$6.91 per share.

To assist investors and analysts with their evaluation and financial modeling of the Company, AIR has reproduced responses to frequently asked questions.

Q1: What is the current share count of AIIR?

As disclosed in our Form 20‑F filed on May 21, 2026, there are approximately 160.39 million ordinary shares outstanding. These include:

• Approximately 5 million shares subject to return to us pursuant to a Forward Purchase Agreement executed on May 11, 2026, as described in our SEC filings; and
• Approximately 8.69 million ordinary shares that are subject to company and sponsor earnouts (the “Earnout Shares”), which vest only upon achieving specified share‑price thresholds (US$12.50 and US$15.00) prior to May 31, 2031.

As of June 5, 2026, these earnout shares had not vested.

Q2: What is the Forward Purchase Agreement (FPA)?

On May 11, 2026, AIR Global entered into a Forward Purchase Agreement (the “FPA”) with Harraden Circle Investments LLC (the “Seller”) with respect to approximately 5 million shares intended to enhance liquidity of our shares following our listing.

Generally, if the market price of AIIR shares exceeds US$10.00, the Seller under the FPA may sell shares and AIR would be entitled to receive the agreed redemption price (the “Redemption Price,” currently US$10.49) for any such shares. If the market price is below US$10.00, the Seller is generally restricted from effecting sales under the FPA. The FPA provides for a valuation date (the “Valuation Date”) currently set at six months from the closing date on May 15, 2026. Please refer to the FPA filed with the SEC for the complete terms and conditions.

If the market price remains below US$10.00 through the Valuation Date, these approximately 5 million shares would be returned to AIR and the Company would not receive cash proceeds under the FPA.

Q3: What is the Net Debt of AIIR?

As disclosed in our Form 20‑F, AIR reported net debt (“Net Debt”) of approximately US$268 million as of December 31, 2025, which is the most recent period for which the Company has reported results. Net Debt is a non‑IFRS financial measure for which the most directly comparable IFRS measure is a combination of total borrowings and cash and cash equivalents. A reconciliation to the most directly comparable IFRS measure is provided below under “Use of Non‑IFRS Financial Measures.”

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