Because Panera Brands has shared its intent to pursue an IPO, we are now in what the Securities and Exchange
Commission (SEC) calls a quiet period, meaning that, as much as wed like to, we just wont be permitted to answer many questions before Panera Brands completes its IPO. Please carefully read and follow the Q&A below, which
hopefully will answer many of your questions. As always, you have my commitment to share important milestones throughout this journey in accordance with SEC guidelines.
Finally, please forward any questions you may be asked by from external partners or media to jconnor@ushg.com. Please do not engage in
conversation or speculate about Panera Brands IPO, the transaction, or comment on behalf of the company.
Danny
Important Q&A
Where can I learn more about
USHG Acquisition Corp.s (USHGAC) cornerstone partnership with Panera Brands?
Details of the investment are explained in our joint press
release.
How will this affect me or our strategic priorities at USHG?
Were business as usual. This news changes nothing for our day-to-day
operations or our business. Well stay focused on the momentum weve all been working so hard to achieve as we recover, rebuild, and once again thrive. Over time, we see enormous potential to extend Enlightened Hospitality across one of
Americas largest restaurant platforms, and to exchange cultural and operational learnings with Panera Brands.
How will this transaction
impact USHGs financial health?
USHG owns founder shares in USHGAC. Our goal will be to see Panera Brands achieve continued success, which will
correspondingly allow us to better invest in the ongoing growth of USHG and our people.
How is Share our Strength involved in USHGAC?
In our virtuous cycle of Enlightened Hospitality, a key stakeholder is the community in which USHG does business. To that end, USHGAC made a charitable
contribution of a portion of its founder shares to longtime USHG partner, Share our Strength, an organization that is working to end childhood hunger in America via No Kid Hungry.
Is USHGAC acquiring Panera Brands?
No. USHGAC is
not acquiring Panera Brands. USHGAC will make its investment in Panera Brands following the completion of Panera Brands future Initial Public Offering (IPO) and upon approval of the transaction by the USHGAC stockholders.
Is USHG now a public company?
No. USHG is a private
company. USHG is an investor in USHGAC, a publicly traded company (NYSE: HUGS), which will become a cornerstone partner with Panera Brands following the completion of Panera Brands future IPO. Panera Brands at a future date intends to pursue a
traditional IPO. USHG will NOT be pursuing an IPO.