Amprius Battery Technology and Expansion Plan
TRANSACTION OVERVIEW
Transaction Overview
($ and share counts in millions, except per share data)
Sources
KCAC Public Shares
KCAC Cash Held in Trust
Additional Equity Capital(")
Total Sources
Pro Forma Valuation
$
800
Pro Forma Shares Outstanding
Share Price at Closing
230
Equity Value
200
Less: Cash
Plus: Debt
$
1,230
Enterprise Value
132.9
$
10.00
$
1,329
(390)
$
939
Uses
Equity Consideration to Amprius Existing Shareholders $
800
KCAC
Illustrative Pro Forma Ownership
KCAC Sponsor
Shares
7.4%
Public Shares
Cash to Balance Sheet (1)
390
17.3%
Estimated Transaction Expenses
Total Uses
40
$
1,230
Additional
Equity Capital (1)
15.1%
Amprius Existing
Shareholders
-60.2%
Notes: Assumes no redemptions from Kensington's public shareholders. Assumes equity capital is issued at $10.00 per share. Excludes the impact of Kensington's warrants (public or private).
(1) Assumes financing through a PIPE transaction (@ $10.00 / share) and / or committed equity facility. To date, Kensington has not received any commitments from any PIPE investors.
amprius
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