On December 29, 2021, Glenn R. August notified Churchill Capital Corp. VII (the “Company”) of his intention to resign from the Company's board of directors (the “Board”), effective December 29, 2021. Mr. August did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices.

On January 5, 2022, the Board of the Company appointed Alan M. Schrager as a director of the Company, effective January 5, 2022. Mr. Schrager will serve as a Class II director of the Company with a term expiring at the Company's second annual meeting of stockholders following the Company's initial public offering. Mr. Schrager is Portfolio Manager & Senior Partner with Oak Hill Advisors, L.P. (“OHA”), where he shares portfolio management responsibilities for a number of OHA's portfolios.

Mr. Schrager serves on various OHA committees, including the compliance, investment strategy, valuation and several fund investment committees. Previously, he had senior research responsibility for investments in private credit companies, software, industrials and gaming. Prior to joining OHA in early 2003, Mr. Schrager was a Managing Director of USBancorp Libra, where he was responsible for originating, evaluating and structuring private equity, mezzanine and debt transactions and also held several positions at Primary Network, a data CLEC, including Chief Financial Officer and Interim Chief Executive Officer.