Corecentric SPAC
Transaction summary
Corcentric
Doug Clark
Founder, CEO,
and Chairman
Matt Clark
President and COO
Tom Sabol
CFO
Mark Joyce
EVP and Chief
Accounting Officer
North Mountain Merger Corp.
Chuck Bernicker
CEO, President,
and Director
Nick Dermatas
CFO and Secretary
Transaction highlights
Overview
Valuation
PF Capital
Structure
Ownership¹
+North Mountain Merger Corp. (NASDAQ: NMMC) is a
publicly-listed special purpose acquisition company with
$132mm in cash
+ $50mm PIPE is being raised in support of the transaction
Pro forma enterprise value of $1,200mm, which represents
8.1x 2022E adjusted revenue of $149mm
+ Implied market cap¹: $1,101mm
Debt: $146mm²
Cash: $48mm²
+81.1% existing shareholders; 14.4% SPAC public
shareholders and founder shares; 4.5% PIPE investors
Note: Figures may not sum due to rounding. (1) Includes 89.3mm Corcentric shares, 13.2mm NMMC common shares, 5.0mm PIPE shares, and 2.6mm NMMC sponsor shares (excludes 2.1mm
corcentric NMMC sponsor shares subject to price vesting conditions); Excludes tranches subject to time triggers and early price releases; (2) Includes Corcentric existing cash of $18mm and existing debt
of $146mm as of 6/30/2021
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