Next.e.GO Investor Update
Note:
Page 7
1
VALUATION
Implied pre-money
market
capitalization of
$806m(¹)
Implied pro forma
market
capitalization of
$936m (¹)
2
// © Next.e.GO Mobile SE 2023
C.CO/ATHENA
ΑΤΗΣΗ,
FINANCING
Transaction
expected to provide
gross proceeds of up
to approximately
$71m to e.GO
TRANSACTION SUMMARY & VALUATION
Up to $150m
expected to be made
available under a
Standby Equity
Purchase Agreement
("SEPA")
3
DEAL STRUCTURE
e.GO shareholders
rolling 100% of
their equity and
expected to own a
pro forma equity
ownership of 86.1%
excluding the
effects of warrants
and assuming no
further
redemptions
SOURCES & USES
877
877
806
4
50-21.
Sources
806
16-55
Uses
e.GO Rollover
Cash in Trust / Cash to BS
Intended Debt Financing
Est. Trans. Exp.
5
PRO FORMA
OWNERSHIP
2% 12%
C
86%
e.GO Shareholders
Public Shareholders
Sponsor Shares
As of March 23, 2023. Assumes no debt or cash on balance sheet prior to transaction. Assumes 91% redemptions from the $235M cash in trust. Assuming no redemptions from the $21 million cash in trust. Excludes any interest earned or withdrawn from the trust. Assumes 91.8M
pro forma shares outstanding at $10.20 per common share per BCA. All charts and tables exclude 12.03M SPAC warrants held by shareholders. All SPAC warrants have a strike price of $11.50 per common share. Assumes the maximum conversion ratio for the Class B Conversion.
(1) Market capitalization includes 30M e.GO shares deferred at closing with vesting 5M shares at each of $12.50/share, $15.00/share, $20.00/share, $25.00/share, $30.00/share, and $35.00/share.
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