Luminar Investor Presentation Deck
PRO FORMA EQUITY OWNERSHIP
SOURCES ($M)
GM SPAC Cash in Trust(¹)
Series X Investment
Seller Rollover(2)
Total Sources
USES ($M)
Seller Rollover(2)
Proceeds to Luminar(¹)
Total Deal Expenses
Total Uses
$400
$170
$2,718
$3,288
$2,718
$520
$50
$3,288
PRO FORMA VALUATION
Share Price
x PF FD Shares Outstanding (M) (³)
Market Cap ($M)
Less: Net Cash ($M) (4)
Enterprise Value ($M)
PRO FORMA OWNERSHIP (2) (3) (5)
Series X Investors
5.0%
GM Sponsor
3.0%
GM Stockholders
11.8%
3 Based on fully diluted shares outstanding assuming net share settle of existing Luminar options and warrants at pro forma $10.00 share price.
4 Assumes -$32M net debt prior to Transaction and -$520M of net proceeds to be added to Luminar's balance sheet.
5 Assumes a nominal share price of $10.00. Ownership excludes impact of warrants and earn-out.
Seller Rollover
80.2%
¹ Assumes no Gores Metropoulos stockholder has exercised its redemption rights to receive cash from the trust account. This amount will be reduced by the amount of cash used to satisfy any redemptions.
2 Excludes impact of aggregate exercise price associated with existing Luminar options and warrants.
$10.00
338.8
$3,388
$488
$2,900
41View entire presentation