Eleusis SPAC slide image

Eleusis SPAC

Applicable Recent deSPAC Experience - SSPK merger with WM Holdings ● WHO IS WM HOLDINGS? ● SILVER SPIKE CAPITAL eleusis weedmaps WM Holding ("WMH") operates Weedmaps, the leading online listings marketplace for cannabis consumers, and WM Business, a comprehensive software-as-a-service ("SaaS") subscription offering for cannabis retailers and brands WMH provides consumers with information regarding cannabis retailers and brands, as well as the availability of cannabis products, facilitating product discovery and online order- ahead for pickup or delivery by participating retailer Solely provides software and other technology solutions and is non-plant touching Millions of monthly active users and over 18,000 business listings across every U.S. state, the District of Columbia and Puerto Rico with a legal cannabis market Source: 1) https://www.sec.gov/Archives/edgar/data/1779474/000114036121020601/brhc10025706_8k.htm. Silver Spike successfully listed a $250M Special Purpose Acquisition Company (SPAC) on the Nasdaq (ticker: SSPK) in August 2019, representing the first Cannabis SPAC underwritten by a global investment bank in the US, Credit Suisse Silver Spike announced its merger agreement with WM Holdings, the leading technology platform to the cannabis industry in December 2020 WM Holding operated Weedmaps, the leading online listings marketplace for cannabis consumers, and WM Business, a comprehensive software-as-a-service ("SaaS”) subscription offering for cannabis retailers and brands The estimated post transaction equity value of the combined company is ~$1.5 billion and provided $579 million of gross proceeds and a PIPE of $325 million (including $35mm contribution from Silver Spike) (¹) TRANSACTION SUMMARY(¹) SSPK merged with WMH Pro forma Enterprise Value of ~$1.5B $325M PIPE raised at $10.00 per share: 100% rollover by WMH management - 39
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