Heidmar Inc. Announces Termination Of Merger Agreement Between Co., Home Plate Acquisition Corp, Heidmar Marine Inc., Home Plate Sponsor LLC, HP Merger Subsidiary Corp. And Certain Shareholders Of The Company Party Thereto

Heidmar Inc. (the "Company") announced today that it has terminated the Business Combination Agreement dated March 19, 2023 (as amended, the "Business Combination Agreement") between the Company, Home Plate Acquisition Corporation (NASDAQGM:HPLT), a publicly-listed, special purpose acquisition company ("Home Plate"), Heidmar Marine Inc., Home Plate Sponsor LLC, HP Merger Subsidiary Corp. and certain shareholders of the Company party thereto, pursuant to Sections 11.1(b) and 11.1(d) of the Business Combination Agreement.