MP Materials SPAC Presentation Deck
LONG-TERM PARTNERSHIP: SPAC SPONSOR "PROMOTE" RESTRUCTURED AS AN "EARN-OUT"
FVAC SPONSOR HAS AGREED TO SUBJECT THEIR FOUNDER SHARES TO SHARE PRICE VESTING
CONDITIONS AT A SIGNIFICANT PREMIUM TO THE TRANSACTION VALUE
Sponsor Promote Shares
Seller Incentive Shares
Sponsor Warrants
Size
MP MATERIALS
8.625MM
12.860MM
5.933MM
Structure
50% @ $12.00/share
25% @ $14.00/share)
25% @ $16.00/share
50% @ $18.00/share
50% @ $20.00/share
To be exchanged pre-closing at 0.15
of a share per warrant
FVAC, MP's existing shareholders, and Management have structured a deal that demonstrates strong conviction in the business and
aligns current and prospective shareholders to create long-term value
DEAL STRUCTURE
Subject to aduction to the adet cash avaicble at the action an
2 Subject to the common stock clbeing price exceeding the shore price Higgespected for any 20 hoding days within 30-day consecutive Hoding pod prior to the fort onory of the cling cle of the reaction
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