Markforged SPAC Presentation Deck
Detailed Transaction Overview
Values in Millions Except per Share and Percentage Data
44
Sources & Uses
Existing Shareholders Rollover Equity¹
SPAC Cash in Trust²
PIPE Financing
Current Net Cash
Total Sources
Existing Shareholders Equity¹
Cash to Balance Sheet
Transaction Expenses
Cash to Sellers
Total Uses
Sources
Note:
(1)
(2)
(3)
(4)
(5)
Us es
$1,611
$215
$210
$54
$2,089
$1,611
$399
$35
$45
$2,089
Pro Forma Valuation & Ownership 12345
Pro Forma Valuation
Share Price
Shares Outstanding
Pro Forma Equity Value
(-) Pro Forma Net Cash
Pro Forma Enterprise Value
Pro Forma Ownership
PIPE Investors
10%
SPAC Sponsor
1%
SPAC IPO Investors
10%
Transaction close anticipated in Summer 2021
Excludes impact of the exercise of Sponsor or IPO warrants which both have a strike price of $11.50. Percentages may not sum to 100% given rounding.
Excludes shares reserved for issuance under management equity incentive plan.
Assumes $10.00 share price and no redemptions from public shareholders.
Includes 161.1M existing Markforged equity holders shares, 21.5M SPAC IPO shares, 2.7M SPAC sponsor shares, and 21.0M PIPE Investor shares.
Excludes 2.7mm SPAC sponsor shares vesting in 1.3mm share increments at $12.50 and $15.00.
Excludes additional seller earn-out of 8.0M shares that vest at $12.50 and 6.7M shares that vest at $15.00.
Existing
Shareholders
789
$10.00
206
$2,062
($399)
$1,664View entire presentation