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29225864V2 February 14, 2023
Securities and Exchange Commission
100 F Street, N.E. Washington, D.C. 20549
Ladies and Gentlemen:
 Re:  Anzu Special Acquisition Corp I (File No.: 001-40133)

 To whom it may concern:
Barclays Capital Inc. (“Barclays”) was informed that Anzu Special Acquisition Corp I (the “Company”)
intends to pursue a business combination with Envoy Medical Corporation  or one of its affiliate(s) (the “Target”) (the “Business Combination”).  Barclays h as not been engaged by the Company, the sponsor or
the Target regarding the Business Combination.  However, because Barclays served as one of the
Company’s underwriters on its initial public offering (the  “IPO”), Barclays will be entitled to its portion of the
back-end fee if the Business Combination is consummated.
Barclays, BofA Securities, Inc. and the Company previo usly entered into an (i) underwriting agreement,
dated March 1, 2021 (the “Underwriting Agreement”) an d (ii) engagement letter dated February 23, 2021
(the “Engagement Letter”), in each case, related to the Company’s IPO that entitles Barclays to a portion of
the Deferred Discount (as defined in the Underwriting Agreement and the Engagement Letter).  Barclays informed the Company that it has waived any rights it has to the Deferred Discount solely as it relates to the
Business Combination.  A copy of that waiver letter is enclosed.
A merger proxy/registration statem ent for the Business Combination has been filed with the Securities
and Exchange Commission but has not yet been declar ed effective as of the date of this letter.
This letter is to advise you that, effective as of Februa ry [ ], 2023, Barclays (i) waived any Deferred Discount
solely with respect to the Business Combination and (ii) has resigned from, or ceased or refused to act in,
every capacity and relationship in which we may be described in any registration statement and merger
proxy with respect to the Business Combination as acting or agreeing to act (including, without limitation, any capacity or relationship (A) required to be descri bed under Paragraph (5) of Schedule A (15 U.S.C. 77aa)
or (B) for which consent is required under Section 7 of the Securities Act of 1933, as amended (the “Securities Act”)) with respect to the Business Combination.
Therefore, we hereby advise you and the Company, that pursuant to Section 11(b)(1) of the Securities
Act, that none of our firm, any person who controls it (within the meaning of either Section 15 of the
Securities Act or Section 20 of the Securities Exchan ge Act of 1934, as amended) or any of its affiliates
(within the meaning of Rule 405 under the Securities Act) will be responsible for any part of the registration statement/merger proxy with respect to the Business Comb ination. This notice is not intended to constitute
an acknowledgment or admission that we have been or are an underwriter (within the meaning of Section 2(a)(11) of the Securities Act or the rules and regu lations promulgated thereunder) with respect to the
Business Combination.

 Sincerely,
 BARCLAYS CAPITAL INC.   By:  _____________________
 Name: Amit Chandra  Title: Managing Director

Enclosed: Client waiver letter dated February 14, 2023