(Incorporated  in the Cayman Islands)

We are a newly established blank check company. We have not selected a geographic region, a sector or an industry as our focus in our search for a suitable acquisition target. We intend to capitalize on the ability of our management team to identify, acquire and manage a business that can benefit from our operational expertise, as members of our management team have done in diverse sectors, including travel, industrials, technology, telecommunications, media and entertainment, business services, and consumer products. 

A paceline is a formation used by a group of cyclists working closely together to achieve greater speed and efficiency than any individual rider would have likely achieved on their own. This metaphor for collaboration is a core value of KPET Ultra Paceline Corporation, as we seek to use the expertise of our sponsor group and their insights and relationships to compliment the capabilities and talents of company management.

Karl Peterson is our chairman and CEO. He has more than 30 years of experience as an entrepreneur, operator and private equity investor, including his tenure as the founding president and chief executive officer of Hotwire.com, a TPG Global, LLC (“TPG”)-owned company. Mr. Peterson has played a key leadership role in originating and/or executing over 20 private equity transactions through varying macroeconomic environments typically with a consistent, operationally oriented investment strategy, and has helped portfolio companies reshape their operations with more than 20 add-on acquisitions and divestitures during his career. Mr. Peterson has overseen numerous equity capital markets transactions in the investments he led for TPG, including over 10 initial public offerings (“IPOs”). We believe his experience helping several portfolio companies prepare for and successfully execute their initial public offerings is a core differentiator for our company. Over the course of his career, Mr. Peterson has successfully taken companies public across a diverse range of industries, including technology, travel, entertainment, energy, and real estate, effectively positioning them to stand out in a competitive IPO market.

Mr. Peterson has utilized his operating and strategy formulation experience as the founding president and chief executive officer of Hotwire.com to help companies refine and optimize their business strategies to improve their valuations. Hotwire.com was a successful start-up in 2000 that generated meaningful equity value appreciation despite the significant decline in Nasdaq and internet market that occurred shortly after its founding. Hotwire.com was acquired by IAC/InterActiveCorp. (now Expedia) in 2003 for $685 million. In 2004, Mr. Peterson returned to TPG and became the senior partner in charge of several industry groups, including media and travel, and was named a Managing Partner of TPG’s European business in 2010 and served on TPG’s executive committee. Recognizing that TPG’s private equity mandates did not typically cover investing in IPOs, Mr. Peterson and TPG founded Pace Holdings Corp. (“Pace-I”) in June of 2015 with the vision of helping a promising company access and grow in the public markets. Mr. Peterson retired from TPG in 2022, and since 2024, Mr. Peterson has been the Founder, Chairman and Chief Executive Officer of Paceline Strategic Capital (“Paceline Strategic”).

Eduardo Tamraz, our president and CFO, brings to our team nearly two decades of experience as a private equity investor. Throughout his career, Mr. Tamraz has structured and executed complex transactions across a diverse range of industries, including industrials, retail, telecommunications, and technology and has held senior leadership roles in several special-purpose acquisition vehicles (“SPACs”).

(Note: KPET Ultra Paceline Corp. priced its SPAC IPO on Monday, March 30, 2026, in sync with the terms in its prospectus: 20 million units at $10.00 each to raise $200 million. Each unit consists of one Class A ordinary share of stock and one-sixth of one redeemable warrant. Background: KPET Ultra Paceline Corp. filed its S-1 for its SPAC IPO on March, 5, 2026, and disclosed the terms as stated above.)