Notes: Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, announced today that its previously announced 1-for-10 reverse stock split (“reverse split”) of the Company’s common stock, par value $0.0001 per share, and corresponding common stock adjustment became effective at 4:01 p.m. Eastern Time on April 20, 2023. The terms of outstanding warrants and equity-based awards (including exercise price and number of shares issuable thereunder) are being proportionately adjusted, in accordance with the terms of the applicable agreement. Specifically, following effectiveness, every 10 shares of the Company’s common stock that may be purchased pursuant to the exercise of warrants now represent one share of the Company’s common stock that may be purchased pursuant to such warrants. Accordingly, for the Company’s warrants trading under the symbol “OUST.WS”, every 10 warrants will be exercisable for one share of common stock at an exercise price of $115 per share of common stock, and for the Company’s warrants trading under the symbol “OUST.WSA”, every 10 warrants will be exercisable for 0.6153 shares of common stock at an exercise price of $140.20 per 0.6153 shares of common stock. The CUSIP numbers for the Company’s warrants will not change. Per the terms of the applicable warrant agreement, no fractional shares will be issued upon exercise of a warrant. <p> Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. The warrants will become exercisable on the later of 30 days after the completion of the initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of the initial business combination or earlier upon redemption or our liquidation.