Aeva's Pitch Deck for Next-ADAS and AV
Transaction Overview
Transaction Structure
InterPrivate and Aeva entered into a business combination agreement on November 1, 2020
The transaction is expected to close in Q1 2021
It is anticipated that the post-closing company will be listed on the NYSE and retain the Aeva name
Valuation
AEVA
Transaction reflects a $1,700MM pre-money equity valuation for Aeva, representing a highly attractive opportunity to invest in a leader in next-generation 4D LiDAR
Technology
Aeva to receive $328MM cash at closing to fund its attractive growth opportunities
$2,131MM post-money Equity Value1
$1,803MM Enterprise Value, with no material debt outstanding at closing 1
Capital Structure
The transaction will be funded by a combination of $243MM cash held in trust and $120MM in PIPE proceeds.
All-primary transaction; existing Aeva shareholders, including management, are rolling all of their equity and collectively are expected to own 80% of the pro forma
company at closing
1 Assumes no redemptions from the public shareholders of IPV
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