compensation expense. AvePoint believes the presentation of its non-GAAP financial measures enhances the users overall understanding of its
historical financial performance. The presentation of AvePoints non-GAAP financial measures is not meant to be considered in isolation or as a substitute for its financial results prepared in accordance
with GAAP, and AvePoints non-GAAP measures may be different from non-GAAP measures used by other companies.
Forward-Looking Statements
This press release contains
certain forward-looking statements within the meaning of the federal securities laws including statements regarding AvePoints preliminary financial results for the first quarter ending March 31, 2021, AvePoints plan to purchase up
to $20 million shares of Apex common stock pursuant to the Apex share purchase program, AvePoints products and markets and expected future performance and market opportunities of AvePoint. These forward-looking statements generally are
identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan,
may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other
statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in
this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoints
business and changes in AvePoints ability to implement business plans, forecasts, and to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the
foregoing factors and the other risks and uncertainties described in the Risk Factors section of the registration statement on Form S-4 discussed below and other documents filed by Apex from time
to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint and Apex assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result
of new information, future events, or otherwise. Neither AvePoint nor Apex gives any assurance that either AvePoint or Apex, or the combined company, will achieve its expectations.
No Offer or Solicitation
This press release shall not
constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the business combination discussed herein. This press release also shall not constitute an offer to sell or the solicitation of an offer
to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No
offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.
Important Information for Investors and Stockholders
This press release relates to a proposed transaction between AvePoint and Apex. In connection with the proposed transaction, Apex has filed a registration
statement on Form S-4 with the SEC, also includes a document that serves as a prospectus and proxy statement of Apex, referred to as a proxy