On March 4, 2022, Sound Point Acquisition Corp. I Ltd. consummated its initial public offering (IPO) of 25,875,000 units (the Units), which includes 3,375,000 Units issued and sold pursuant to the underwriters' exercise of their option in full to purchase additional Units. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share, and one-half of one redeemable warrant of the Company.

Effective March 1, 2022, in connection with the IPO, Marc Sole, David Grill, Sean Bratches, Winifred Park, Matthew Burton and Tracy Dolgin were appointed to the board of directors of the Company . Prior to their appointments to the Board, the Board determined that Mr. Bratches, Ms. Park, Mr. Burton and Mr. Dolgin (collectively, the Independent Directors) are independent directors within the meaning of the applicable Commission and Nasdaq Stock Market LLC rules. Effective March 1, 2022, Ms. Park, Mr. Dolgin and Mr. Bratches were appointed to the Board's audit committee, with Ms. Park serving as the chair of the audit committee.

Mr. Burton, Mr. Dolgin and Mr. Bratches were appointed to the Board's nominating committee, with Mr. Dolgin serving as chair of such committee. Ms. Park, Mr. Burton and Mr. Bratches were appointed to the Board's compensation committee, with Mr. Bratches serving as chair of such committee.