making any voting or investment decision, investors and security holders of Caravel and Rover are urged to carefully read the entire registration statement and proxy
statement/prospectus/information statement, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the
proposed transaction. The documents filed by Caravel with the SEC may be obtained free of charge at the SECs website at www.sec.gov. In addition, the documents filed by SPAC may be obtained free of charge from Caravel at
https://www.truewindcapital.com/.
Caravel, Rover and certain of their respective directors and executive officers may be deemed to be participants
in the solicitation of proxies from the stockholders of Caravel, in favor of the approval of the merger. Information regarding SPACs directors and executive officers is contained in the section of Caravels Form S-1 titled Management, which was filed with the SEC on dated November 20, 2020. Additional information regarding the interests of those participants and other persons who may be deemed participants
in the transaction may be obtained by reading the registration statement and the proxy statement/prospectus/information statement and other relevant documents filed with the SEC when they become available. Free copies of these documents may be
obtained as described in the preceding paragraph.
NO OFFER OR SOLICITATION
This communication does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed
transaction. This communication also does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor will there be any sale of any securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of
section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
FORWARD-LOOKING STATEMENTS
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited
to, Caravels and Rovers expectations or predictions of future financial or business performance or conditions. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not
historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words
believes, estimates, expects, projects, forecasts, may, will, should, seeks, plans, scheduled,
anticipates or intends or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements.
Certain of these risks are identified and discussed in the section of Caravels Form S-1 titled Risk Factors which was filed with the SEC on December 9, 2020. These risk factors will be
important to consider in determining future results and should be reviewed in their entirety. These forward-looking statements are based on Caravels or Rovers managements current expectations and beliefs, as well as a number of
assumptions concerning future events. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made,
and neither Caravel nor Rover is under any obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required
by law. Readers should carefully review the statements set forth in the reports, which Caravel has filed or will file from time to time with the SEC.