PropertyGuru SPAC Presentation Deck
Proposed Transaction Structure
51
PropertyGuru Merger with SPAC
PropertyGuru
Shareholders
PropertyGuru
(Singapore)
PropertyGuru
Vietnam Subsidiary
PropertyGuru
Malaysia Subsidiary
PropertyGuru
Indonesia Subsidiary
PropertyGuru
Thailand Subsidiary
2
3
IPO HoldCo
(Cayman)
Singapore Merger
Subsidiary
SPAC Shareholders
1
SPAC
Step 1: SPAC to merge with IPO Holdco, with IPO Holdco as the surviving entity
a) Existing SPAC shareholders and private placement warrant holders to receive shares and warrants in
IPO Holdco
Step 2: PropertyGuru to merge with Singapore Merger Subsidiary in an amalgamation under
Singapore law, with PropertyGuru as the surviving entity
a) Shares of Singapore Merger Subsidiary will be converted into shares of PropertyGuru, being the
surviving entity in the amalgamation
b) Shareholders of PropertyGuru will receive shares in IPO Holdco in exchange for their shares in
PropertyGuru pursuant to an agreed and specified exchange ratio
Step 3: IPO Holdco to list on the US Stock Exchange
Post-Merger Structure
PropertyGuru
Shareholders
IPO HoldCo
(Cayman)
PropertyGuru
PropertyGuru
Vietnam Subsidiary
PropertyGuru
Malaysia Subsidiary
PropertyGuru
Indonesia Subsidiary
PropertyGuru
Thailand Subsidiary
SPAC ShareholdersView entire presentation