Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related

Audit Report or Completed Interim Review.

The management of Mason Industrial Technology, Inc. (the "Company") has re-evaluated the Company's application of ASC 480-10-S99 to its accounting classification of its Class A common stock subject to possible redemption (the "Public Shares"), issued as part of the units sold in the Company's initial public offering (the "IPO") on February 2, 2021. In accordance with the ASC 480-10-S99, redemption provisions not solely within the control of the Company require shares subject to redemption to be classified outside of permanent equity. The Company had previously classified a portion of its Class A ordinary shares in permanent equity, or total shareholders' equity, due to the Company's requirement to maintain at least $5,000,001 of tangible net assets. Pursuant to this re-evaluation, the Company's management determined that all Public Shares subject to redemption include provisions that require classification of the Public Shares as temporary equity.

Therefore, on November 29, 2021, the Company's management and the audit committee of the Company's board of directors (the "Audit Committee") concluded that the Company's previously issued (i) audited balance sheet as of February 2, 2021 (the "Audited Balance Sheet"), as previously restated in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021, filed with the SEC on May 24, 2021 (the "Q1 Form 10-Q"), (ii) unaudited interim financial statements included in the Q1 Form 10-Q and (iii) unaudited interim financial statements included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, filed with the SEC on July 29, 2021 (the "Q2 Form 10-Q", and collectively, the "Affected Prior Periods"), should be restated to report all Class A common stock subject to redemption as temporary equity and should no longer be relied upon.

Similarly, other communications with respect to the Company's financial statements and related financial information covering the Affected Prior Periods should no longer be relied upon. In addition, the audit report of the Company's independent registered public accounting firm, Marcum LLP ("Marcum"), included in the Company's Audited Balance Sheet, should no longer be relied upon.

The unaudited interim financial statements included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, filed with the SEC on November 10, 2021 (the "Q3 Form 10-Q"), incorporated these changes as of September 30, 2021; however, the Q3 Form 10-Q described these changes for the Affected Prior Periods as a revision rather than a restatement. Therefore, the Q3 Form 10-Q will be restated to reflect that these periods are restated.

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The Company does not expect any of the above changes will have any impact on the Company's cash position and cash held in the trust account established in connection with the IPO.

After re-evaluation, the Company's management has concluded that in light of the classification error described above, a material weakness existed in the Company's internal control over financial reporting during the Affected Periods and that the Company's disclosure controls and procedures were not effective. The Company's remediation plan with respect to such material weakness will be described in more detail in the Q3 Form 10-Q, as amended.

The Audit Committee has discussed the matters disclosed in this Current Report on Form 8-K pursuant to this Item 4.02 with Marcum LLP, the Company's independent registered public accounting firm. Marcum was provided with a copy of the disclosures made herein and was given the opportunity, no later than the day of the filing of this Current Report on Form 8-K, to review these disclosures.

Cautionary Statements Regarding Forward-Looking Statements

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company's intent to restate certain historical financial statements and the timing and impact of the restatement. These statements are based on current expectations on the date of this Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

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