Hyperfine SPAC Presentation Deck
Transaction overview
Sources, uses and pro forma ownership
Sources of Funds ($M)
Cash in Trust¹
Target Shareholders Equity Rollover
Private Placement
Target Cash²
Sponsor Founder Shares
Total Sources
Pro Forma Valuation ($M)5
Illustrative Share Price
Fully Diluted Shares Outstanding (M)4
Equity Value
+ Debt
- Cash
Enterprise Value
2023 Revenue
2023 Revenue Multiple
$207.0
$564.8
$126.1
$66.0
$57.9
$1,021.8
$10.00
95.6
$956.0
$0.06
$374.7
$581.3
$54.2
10.7x
Uses of Funds ($M)
Equity Issued to Target Shareholders
Cash to Balance Sheet³
Estimated Transaction Costs
Sponsor Founder Shares
Payment of Loan Payable
Total Uses
Pro Forma Valuation5
HealthCor Catalio
Founder Shares
6.0%
PIPE Investor Shares
13.2%
Health Cor Catalio Public
Shares
21.7%
6.0%
13.2%
21.7%
48.0%
11.1%
$564.8
$374.7
$24.2
$57.9
$0.2
$1,021.8
Hyperfine Equity
Rollover
48.0%
Liminal Equity Rollover
11.1%
6
© 2021 Hyperfine, Inc.
1: Assumes no redemptions. 2: Assumed cash on Hyperfine/Liminal balance sheet at closing of the transaction. 3: Comprised of $207.0 million from the SPAC trust fund, $126.1 million from PIPE investors and $65.8 million from Hyperfine/Liminal balance sheet (assumed cash on
Hyperfine/Liminal balance sheet at closing of the transaction), less $24.2 million transaction expenses. 4: Estimated fully diluted shares outstanding based on (i) Hyperfine shares (45.9M); (ii) Liminal shares (10.6M); (iii) PIPE shares (12.6M); (iv) Health Cor Catalio public shares (20.7M); (v)
Health Cor Catalio Sponsor shares (5.8M) 5: Valuation excludes any impact from potential earnouts 6: Reflects estimated debt balance following the closing of the transaction
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