IPOAt September 30, 2022, Westaim’s look-through interest in Skyward Specialty shares of common stock through the Westaim HIIG Limited Partnership of 21.9%, combined with its direct ownership of the Skyward Specialty preferred shares, which are convertible into Skyward Specialty shares of common stock representing 21.9% of the fully diluted Skyward Specialty shares of common stock, resulted in a 43.8% look-through interest in Skyward Specialty. Westaim does not intend to sell or buy any Skyward Specialty shares of common stock as part of the IPO.