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 37View entire presentation