Forbes SPAC Presentation Deck
In millions
Sources & Uses
Uses
Cash to Balance Sheet
Secondary to Existing Shareholders(¹)
Shareholder Equity Rollover
Estimated Sources & Uses and Illustrative Pro Forma Valuation
SPAC Sponsor Equity
Transaction Fees & Expenses
Total Uses
Sources
Cash from Magnum Opus Trust(2)
Binance PIPE
Other PIPE Investors
Shareholder Equity Rollover
SPAC Sponsor Equity
Total Sources
11
2)
Executive Summary
3)
4)
5)
71
Any redemptions will impact the amount of secondary proceeds
This amount will be reduced by the amount of cash used to satisfy any redemptions
$
$ 145
$ 437
$
183
50
18
833
03 Investor presentation figures
Per 2021 Audit
isinin in un in
$
$
in sinisis
$
$
$
$
$
$
200
200
200
183
50
833
Excludes the impact of warrants and management equity compensation and assumes no redemptions
Assumes Forbesis debt-free, cash-free at closing
Company estimates. Please refer to "Use of Projections" portion of the disclaimer
G
17.4%
52.5%
22.0%
6.0%
2.2%
100.0%
C
%
24.0%
24.0%
24.0%
22.0%
6.0%
100.0%
Transaction Overview(3)
Pro-forma shares outstanding
Share price
Pro Forma Equity Value
Less: Pro Forma Net Cash(4)
Less: Amortization and NOL Tax Benefits(5)
Pro Forma Enterprise Value, Net of Tax Benefits
2021 Metrics per Projections(6)
Revenue
EBITDA
2021 Metrics per Actuals(7)
Revenue
EBITDA
Pro Forma Ownership
Rollover Shareholders
Non-Binance PIPE
Binance PIPE
SPAC IPO Shareholders
SPAC Sponsor Equity
Total
sss
225
$ 46
$ 259
un n
$ 60
$
$ 183
$
200
$ 200
$ 200
$ 50
$ 833
is in iis in in
Forbes
83
10
833
$ (145)
(55)
633
sisi
$
$
2.8x
13.8x
2.4x
10.5x
%
22.0%
24.0%
24.0%
24.0%
6.0%
100.0%
12View entire presentation