EVBox SPAC Presentation Deck
Illustrative Fully Diluted Share Count
Share count in millions
TPGY Public IPO Shares
TPGY Public Warrants (1, 2)
FPA Shares
FPA Warrants
PIPE Shares
TPGY Sponsor Shares
Engie Shares
Private Warrants (1,4)
Total
(1, 3)
●
$10.00
35.0
-
11.0
22.5
10.3
60.7
139.4
$11.00
35.0
-
11.0
-
22.5
10.3
60.7
139.4
$12.00
35.0
0.3
11.0
0.1
22.5
10.3
60.7
0.3
140.0
Note: Assumes EUR-USD exchange ratio of 1.21.
1.
Assumes treasury share method for public, FPA, and private warrants.
2.
7.0 million public warrants issues as part of TPGY IPO with strike price of $11.50 and redemption price of $18.00.
3.
2.0 million FPA warrants to be issued with strike price of $11.50 and redemption price of $18.00.
4.
6.0 million private warrants as part of TPGY IPO.
TPG
Illustrative Share Price
$14.00
35.0
1.3
11.0
$13.00
35.0
0.8
11.0
0.2
22.5
10.3
60.7
0.7
141.1
0.4
22.5
10.3
60.7
1.1
142.1
$15.00
35.0
1.6
11.0
TPG PACE BENEFICIAL FINANCE CORP.
0.5
22.5
10.3
60.7
1.4
142.9
$16.00
35.0
2.0
11.0
0.6
22.5
10.3
60.7
1.7
143.6
$17.00
35.0
2.3
11.0
0.6
22.5
10.3
60.7
1.9
144.3
EVBOX
GROUP
Engie earnouts:
2021 Earnout: up to 6.1 million earnout shares based on 2021 revenue; 2021 earnout vests linearly based off a range of 2021 revenue between
€125 million and €145 million.
$18.00
35.0
2.5
11.0
0.7
22.5
10.3
60.7
2.2
144.8
2022 Earnout: up to 3.6 million earnout shares if any one of three outcomes are met: i) 2022 earnout vests linearly based off a range of 2022
revenue between €230 million and €245 million; ii) 2022 earnout vests in full if EVBox Group's stock closes above $14/ share for 20 out of any 30
trading days in calendar year 2022; iii) 2022 earnout vests in full if EVBox Group's stock closes above $16 / share for 20 out of any 30 trading days
in calendar year 2023.
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