HyperloopTT Investor Presentation Deck
H
Confidential and Proprietary
30
Exercise of options & warrants may increase cash proceeds
($ in millions, except per share data)
AT-CLOSE DE-SPAC CAPITALIZATION & OWNERSHIP
Total common shares outstanding at close¹
Exercised options and warrants
Total shares outstanding
Share price at merger
Equity value
(-) Net cash from Transaction²
(-) Cash from exercise of options and warrants
Enterprise value
INITIAL DE-SPAC
OWNERSHIP
Forest Road
Sponsor
12.0%
Forest Road Public
Shareholders
48.2%
72.7
72.7
$10.00
$727
(330)
$397
HyperloopTT
Common
Shareholders
39.8%
FULLY DILUTED DE-SPAC CAPITALIZATION & OWNERSHIP
Total common shares outstanding at close¹
Exercised options and warrants³
Total shares outstanding
Share price at merger
Equity value
(-) Net cash from Transaction²
(-) Cash from exercise of options and warrants4
Enterprise value
FULLY DILUTED
OWNERSHIP
Forest Road
Sponsor
8.4%
Forest Road Public
Shareholders
33.7%
HyperloopTT
Common
Shareholders
27.9%
72.7
31.1
103.8
$10.00
$1,038
(330)
(142)
$565
HyperloopTT
Options/Warrant
Holders
30.0%
1 Pro forma share count allocates 28.9mm shares to existing HyperloopTT shares, 35.0mm shares to Forest Road public common shares, and 8.75mm shares to Class B Founder shares; excludes potential incremental shares from Forest
Road warrants, management incentive shares, and outstanding contributor options and warrants | 2 Assumes no redemptions from SPAC public stockholders, $20.0mm of transaction expenses, and excludes potential dilution from
warrants | 3 Includes the exercise of 31.1mm options and warrants | 4 Includes proceeds from the exercise of options and warrants at various pro forma strike prices ranging from $0.23 to $8.25 (weighted-average exercise price of $4.57)View entire presentation