InterPrivate Stockholder Settlement

The information contained on this web page is only a summary of information presented in more detail in the Notice of: (I) Proposed Settlement and Plan of Allocation; (II) Settlement Hearing; and (III) Motion for an Award of Attorneys’ Fee and Expenses, which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

The purpose of this Notice is to inform you of the $14 million global settlement (the “Settlement”) reached in the above-captioned class action lawsuit, In re InterPrivate Acquisition Corp. Stockholder Litigation, Consolidated C.A. No. 2024-0221-LWW (Del. Ch.) (the “Action”); your rights with respect to the Settlement; and the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement and the Plan of Allocation, as well as the application for fees and expenses by Plaintiffs’ Counsel and Plaintiffs, as set forth in the Stipulation of Settlement dated December 6, 2024, as amended April 28, 2025 (the “Stipulation”) by and among lead plaintiffs Louis Smith and Todd Katz (together, “Plaintiffs”), on behalf of themselves and the Class (as defined above); and defendants Ahmed Fattouh, Brandon C. Bentley, Jeffrey A. Harris, Allan Pinto, Brian Q. Pham, Minesh K. Patel, Soroush Salehian Dardashti, Mina Rezk, InterPrivate Acquisition Management LLC, InterPrivate LLC, and Aeva Technologies, Inc. (collectively, “Defendants”), by their respective counsel.1 This Notice describes what steps you may take in relation to the Settlement and the Action.

All record and beneficial holders of Eligible Shares, who purchased, acquired, or held such securities at any time during the Class Period and continued to hold redeemable common stock on March 9, 2021, the Redemption Deadline, but excluding the Excluded Persons. Excluded from the Class are: (a) Defendants; (b) members of the immediate family of any Individual Defendant; (c) any person who was an officer, director, or partner of any Defendant during the Class Period and any members of their immediate family; (d) any parent, subsidiary, or affiliate of Defendants; (e) any entity in which any Defendant or any other excluded person or entity has, or had during the Class Period, a controlling interest; (f) affiliates, heirs, estates, trusts, successors, or assigns of any such excluded persons or entities; and (g) accounts that held Legacy Aeva or InterPrivate stock for the benefit of any such excluded persons or entities.

Please Note: Receipt of this Notice does not mean that you are a Class Member or that you will be entitled to receive a payment from the Settlement. If you are a Class Member and you wish to be eligible to participate in the distribution of the proceeds from the Settlement, you are required to submit the Proof of Claim that is being distributed with this Notice and the required supporting documentation as set forth therein postmarked or submitted online on or before September 11, 2025.

Please Note: The Class is a non-opt-out settlement class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Class.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Please read the Notice carefully. If you have questions, you may call the InterPrivate Stockholder Settlement Help Line at 1-877-580-8462 or email Info@InterPrivateStockholderSettlement.com.