23andMe SPAC Presentation Deck slide image

23andMe SPAC Presentation Deck

Transaction Overview PF Transaction ($M) 23andMe Illustrative Share Price Post-Money Valuation at Close PF Shares Outstanding Total Equity Value Less: Cash Less: Debt Total Enterprise Value 11% Illustrative Post-Transaction Ownership 6%2 2% 81% $10.00 444.8 $4,448 (984) $3,463 Existing 23and Me shareholders VGAC shareholders PIPE VGAC sponsor Estimated Transaction Cash Sources & Uses Cash Sources ($ M) SPAC Cash in Trust PIPE Total Cash Sources Cash Uses ($ M) Cash to Balance Sheet Estimated Transaction Expenses Total Cash Uses Note: Excludes the impact of 25.1 million public and private placement warrants and 3.8 million sponsor earnout shares vesting ratably at $12.50 and $15.00. Excludes equity awards issued at closing upon rollover of unvested 23andMe equity awards and new awards under the combined company's equity incentive plan. 23and Me cash balance of $289 million as of December 31, 2020. $509 250 $759 $696 63 $759 23andMe Confidential and Proprietary Information 37
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