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Investor Presentaiton

SPACS Controlled by SBG's Subsidiaries =SoftBank Group A Special Purpose Acquisition Company ("SPAC") is an investment vehicle formed for the purpose of effecting business combination with an existing operating company. • • A subsidiary of SBG, as a sponsor, establishes a SPAC with a small amount of capital. The SPAC issues founder shares and warrants designed to allow the sponsor to own up to 20% of the equity of the merged entity. (The sponsor can acquire up to 20% of interests in the merged entity with a small investment.) (1) Executes an IPO to raise capital for business combination; starts seeking a target company for the merger (2) Identifies a target company for the merger (within 19 months from the date of the IPO) (3) Completes the merger (De-SPAC) (within 24 months from the date of the IPO) An existing operating company can effectively go public in a shorter period of time compared to traditional IPOs. As of March 31, 2021 SB Investment Advisers (UK) ("SBIA") Investment fund business in Latin America Fortress (1) Post-IPO/start selection of a target company for a merger 3 companies 1 company (2) Identification of a target company for a merger Total 3 companies 1 company 7 companies 1 company SPAC: Consolidated as a subsidiary (3) Completion of a merger (De-SPAC) 1 company 1 company SPAC after De-SPAC: Excluded from the scope of consolidation Accounting 18
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