Metals Company SPAC
BETTER METALS FOR EVs
Incentives aligned
through a compelling earn-out
structure.
Overview
Eight tranches of earn-out shares available to selling shareholders
Shares vest if share price trades above the strike price for 20 out of 30 trading days
• Tranches range from $15.00 per share to $200.00 per share as shown below
Additionally, the sponsor will receive 0.5mm additional shares if the actual price exceeds $50 per share for 20 out of 30 trading days
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Shares in Earn Out (mm)
Price ($)
Equity Value of Earn Out
Tranche 1
5.00
$15.00
$75.00
Tranche 2
1 Inclusive of the sponsor's incentive shares of 0.5mm with implied equity value of $25mm.
10.00
$25.00
$250.00
Tranche 3
10.00
$35.00
$350.00
Tranche 4
20.50
$50.00
$1,025.00¹
Tranche 5
20.00
$75.00
$1,500.0
Tranche 6
20.00
$100.00
$2,000.00
Tranche 7
25.00
$150.00
$3,750.00
Tranche 8
25.00
$200.00
$5,000.00
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