Intermedia IPO Presentation Deck
NEC Warrant on Intermedia's Equity
ARR from NEC by
Apr-2023¹
Min Threshold: $24M
Max Threshold: $144M
Number of
Shares Issued
at $23.00
||||
INTERMEDIA
356,141
2,136,847
1. Reflects annualization of MRR thresholds under NEC Warrants
Number of
Shares Issued
at $26.00
370,113
2,220,676
Warrant issued to NEC as part of the partnership agreement
Warrant to purchase Class A units of Ivy Parent (direct
parent of Intermedia Cloud Communications, Inc. ("INTM")),
which may be settled in INTM common stock
• Key terms:
CONFIDENTIAL
Number of units exercisable: subject to MRR from NEC
per the range outlined in the table
Exercise price: $6.50 per unit
Exercisable Date: April 6, 2023 to April 6, 2027
Assuming the estimated offering price range there would be
additional shares of INTM outstanding at the time of IPO (as
estimated in the table) based on NEC Warrant being:
Exercisable at the time of the IPO
Exercised on a net share settlement basis at the
minimum/maximum earned threshold range
Satisfied with INTM common stock
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